Sulphites; of Sodium Price in Finland - 2023

Sulphites; of Sodium Price in Finland (CIF) - 2022

The average sulphites; of sodium import price stood at $985 per ton in 2022, rising by 66% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium import price increased by +87.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($1,215 per ton), while the price for Turkey ($743 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Finland (FOB) - 2023

The average sulphites; of sodium export price stood at $374 per ton in July 2023, which is down by -25.5% against the previous month. Overall, export price indicated a slight expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, sulphites; of sodium export price decreased by -25.5% against June 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 42% month-to-month. As a result, the export price attained the peak level of $594 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From July 2022 to July 2023, the rate of growth in terms of prices for Sweden amounted to +1.6% per month.

Sulphites; of Sodium Imports in Finland

After three years of growth, purchases abroad of sulphites; of sodia decreased by -28.6% to 1.4K tons in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 58%.

In value terms, sulphites; of sodium imports skyrocketed to $1.4M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Sulphites; of Sodium in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	398	435	847	1,035	37.5%
Turkey	6.7	13.7	15.6	125	165.2%
Italy	130	484	228	107	-6.3%
Belgium	0.7	0.5	0.2	27.3	239.1%
Others	43.1	87.6	55.0	66.1	15.3%
Total	578	1,021	1,145	1,360	33.0%

Top Suppliers of Sulphites; of Sodium to Finland in 2022:

Germany (1017.0 tons)
Turkey (168.0 tons)
Italy (120.7 tons)
Belgium (22.5 tons)

Sulphites; of Sodium Exports in Finland

For the fourth year in a row, Finland recorded growth in overseas shipments of sulphites; of sodia, which increased by 251% to 6.2K tons in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 815%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphites; of sodium exports surged to $2.1M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,091% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.