Sulphites; of Sodium Price in Japan - 2023

Contents:

1. Sulphites; of Sodium Price in Japan (CIF) - 2023
2. Sulphites; of Sodium Price in Japan (FOB) - 2022
3. Sulphites; of Sodium Imports in Japan
4. Sulphites; of Sodium Exports in Japan

Sulphites; of Sodium Price in Japan (CIF) - 2023

In July 2023, the average sulphites; of sodium import price amounted to $728 per ton, picking up by 1.7% against the previous month. Overall, the import price, however, continues to indicate a slight descent. The growth pace was the most rapid in May 2023 an increase of 11% m-o-m. The import price peaked at $882 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($743 per ton), while the price for Thailand stood at $714 per ton.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.

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

The average sulphites; of sodium export price stood at $1,597 per ton in 2022, increasing by 88% against the previous year. Overall, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,183 per ton), while the average price for exports to Thailand ($476 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 South Korea (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in Japan

Sulphites; of sodium imports into Japan fell to 4.4K tons in 2022, which is down by -9.1% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of 4.9K tons, and then contracted in the following year.

In value terms, sulphites; of sodium imports expanded significantly to $3.4M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Thailand (3244.0 tons)
2. China (612.0 tons)
3. Germany (480.0 tons)
4. Taiwan (Chinese) (40.0 tons)

Sulphites; of Sodium Exports in Japan

In 2022, shipments abroad of sulphites; of sodia increased by 3.7% to 3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt descent.

In value terms, sulphites; of sodium exports skyrocketed to $4.8M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Australia (1200.0 tons)
2. China (781.4 tons)
3. Pakistan (360.0 tons)
4. Thailand (205.0 tons)
5. South Korea (100.0 tons)
6. Vietnam (87.7 tons)
7. Malaysia (80.2 tons)
8. Singapore (51.0 tons)

Source: IndexBox Market Intelligence Platform