Sulphites; of Sodium Price in India - 2023

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

The average sulphites; of sodium export price stood at $350 per ton in July 2023, rising by 3.1% against the previous month. Over the period from September 2022 to July 2023, it increased at an average monthly rate of +3.7%. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 24% m-o-m. Over the period under review, the average export prices reached the maximum at $351 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Canada ($399 per ton), while the average price for exports to Nepal ($187 per ton) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average sulphites; of sodium import price amounted to $637 per ton, growing by 36% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($801 per ton), while the price for China ($519 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.1%), while the prices for the other major suppliers experienced a decline.

Sulphites; of Sodium Exports in India

Sulphites; of sodium exports from India was estimated at 60K tons in 2022, picking up by 7.1% against 2021 figures. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; of sodium exports skyrocketed to $15M in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Sulphites; of Sodium in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	9.5	10.0	8.1	9.5	0.0%
United States	2.2	1.3	1.4	3.1	12.1%
Qatar	0.2	0.2	0.4	0.5	35.7%
United Arab Emirates	0.1	0.2	0.5	0.5	71.0%
Canada	2.1	1.9	0.8	0.4	-42.5%
Others	0.8	0.6	0.9	1.1	11.2%
Total	15.0	14.1	12.1	15.2	0.4%

Top Export Markets for Sulphites; of Sodium from India in 2022:

South Africa (39.8K tons)
United States (14.4K tons)
Canada (1.8K tons)
Qatar (1.0K tons)
United Arab Emirates (1.0K tons)

Sulphites; of Sodium Imports in India

Sulphites; of sodium imports into India declined to 14K tons in 2022, standing approx. at the previous year's figure. Overall, imports saw a abrupt descent.

In value terms, sulphites; of sodium imports surged to $9.2M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sulphites; of Sodium in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	3.8	3.2	3.9	4.8	8.1%
China	3.8	3.2	2.6	3.8	0.0%
Saudi Arabia	N/A	N/A	N/A	0.3	0%
Others	0.7	0.8	0.3	0.3	-24.6%
Total	8.3	7.3	6.8	9.2	3.5%