Sulphites; of Sodium Price in Indonesia - 2022

Contents:

1. Sulphites; of Sodium Price in Indonesia (CIF) - 2022
2. Sulphites; of Sodium Price in Indonesia (FOB) - 2022
3. Sulphites; of Sodium Imports in Indonesia
4. Sulphites; of Sodium Exports in Indonesia

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

The average sulphites; of sodium import price stood at $597 per ton in March 2022, with an increase of 18% against the previous month. Overall, import price indicated resilient growth from March 2021 to March 2022: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, sulphites; of sodium import price increased by +18.4% against February 2022 indices. The growth pace was the most rapid in December 2021 when the average import price increased by 42% month-to-month. As a result, import price attained the peak level of $741 per ton. From January 2022 to March 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was Thailand ($728 per ton), while the price for China totaled $526 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%).

Sulphites; of Sodium Price in Indonesia (FOB) - 2022

The average sulphites; of sodium export price stood at $162 per ton in 2022, which is down by -61.8% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 144%. As a result, the export price attained the peak level of $726 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($698 per ton), while the average price for exports to Bangladesh ($97 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites; of Sodium Imports in Indonesia

In 2022, approx. 29K tons of sulphites; of sodia were imported into Indonesia; growing by 11% against the year before. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, sulphites; of sodium imports soared to $15M in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (25.0K tons)
2. Thailand (3.7K tons)

Sulphites; of Sodium Exports in Indonesia

In 2022, the amount of sulphites; of sodia exported from Indonesia surged to 459 tons, increasing by 163% compared with the year before. In general, exports saw a prominent increase. 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 reached $74K in 2022. Overall, exports, however, recorded a abrupt shrinkage.

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

1. Bangladesh (400.0 tons)
2. Malaysia (33.3 tons)
3. Singapore (24.8 tons)

Source: IndexBox Market Intelligence Platform