Price for Sulphites; Other than of Sodium in China - 2023
Contents:
- Price for Sulphites; Other than of Sodium in China (FOB) - 2023
- Price for Sulphites; Other than of Sodium in China (CIF) - 2022
- Exports of Sulphites; Other than of Sodium in China
- Imports of Sulphites; Other than of Sodium in China
Price for Sulphites; Other than of Sodium in China (FOB) - 2023
The average export price for sulphites; other than of sodia stood at $824 per ton in December 2023, which is down by -38% against the previous month. In general, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in September 2023 when the average export price increased by 517% month-to-month. As a result, the export price attained the peak level of $2,853 per ton. From October 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,647 per ton), while the average price for exports to Myanmar ($415 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sulphites; Other than of Sodium in China (CIF) - 2022
The average import price for sulphites; other than of sodia stood at $5,225 per ton in 2022, surging by 34% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; other than of sodium import price increased by +70.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 39%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($39,408 per ton), while the price for Italy ($2,947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sulphites; Other than of Sodium in China
Sulphites; other than of sodium exports from China surged to 496 tons in 2022, with an increase of 57% against 2021. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 142%. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sulphites; other than of sodium exports reduced rapidly to $576K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.4% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 89% against the previous year. As a result, the exports attained the peak of $865K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sulphites; Other than of Sodium in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 47.3 | 108 | 20.5 | 282 | 81.3% |
| Taiwan (Chinese) | 18.6 | 103 | 112 | 86.0 | 66.6% |
| South Korea | 52.3 | 103 | 162 | 43.6 | -5.9% |
| Indonesia | N/A | 5.2 | N/A | 23.3 | 111.7% |
| Malaysia | N/A | 148 | 12.8 | 20.5 | -62.8% |
| Japan | 86.9 | 102 | 192 | 19.4 | -39.3% |
| Nigeria | N/A | N/A | N/A | 16.9 | 0% |
| Italy | N/A | N/A | N/A | 14.0 | 0% |
| Vietnam | N/A | 21.6 | 40.9 | 13.5 | -20.9% |
| Kazakhstan | N/A | N/A | N/A | 9.2 | 0% |
| Gabon | 71.8 | N/A | N/A | N/A | 0% |
| Ghana | 118 | N/A | N/A | N/A | 0% |
| Others | 64.2 | 276 | 239 | 48.0 | -9.2% |
| Total | 459 | 865 | 779 | 576 | 7.9% |
Top Export Markets for Sulphites; Other than of Sodium from China in 2022:
- Russia (255.5 tons)
- Indonesia (44.6 tons)
- Nigeria (44.6 tons)
- Vietnam (25.8 tons)
- Malaysia (25.4 tons)
- Kazakhstan (21.4 tons)
- Taiwan (Chinese) (19.8 tons)
- Italy (19.0 tons)
- South Korea (17.0 tons)
- Japan (6.6 tons)
Imports of Sulphites; Other than of Sodium in China
In 2022, supplies from abroad of sulphites; other than of sodia decreased by -48.9% to 81 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports attained the peak of 182 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sulphites; other than of sodium imports reduced sharply to $424K in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of $619K, and then contracted remarkably in the following year.
| Import of Sulphites; Other than of Sodium in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 180 | 312 | 310 | 187 | 1.3% |
| Japan | 257 | 156 | 229 | 169 | -13.0% |
| France | 53.2 | 48.9 | 41.6 | 26.8 | -20.4% |
| Singapore | N/A | 23.4 | 26.3 | 16.7 | -15.5% |
| Others | 29.2 | 16.9 | 12.2 | 25.2 | -4.8% |
| Total | 519 | 557 | 619 | 424 | -6.5% |
Top Suppliers of Sulphites; Other than of Sodium to China in 2022:
- Italy (63.3 tons)
- France (7.8 tons)
- Japan (4.3 tons)
- Singapore (4.3 tons)
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In June 2023, the sulphites price reached $330 per ton (FOB, China), indicating a decrease of -12.2% compared to the previous month.
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In Feb 2023, the price of sulphites was $394/ton (FOB China), a 2.1% increase from the previous month.
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Throughout the review period, Thiosulphates exports reached a peak of 83K tons in 2022 before experiencing a significant decline. In terms of value, Thiosulphates exports saw a rapid drop to $25M in 2023.
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In June 2023, the sulphites price reached $330 per ton (FOB, China), indicating a decrease of -12.2% compared to the previous month.
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In Feb 2023, the price of sulphites was $394/ton (FOB China), a 2.1% increase from the previous month.
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