Sulphites; of Sodium Price in Malaysia - 2021
Contents:
- Sulphites; of Sodium Price in Malaysia (CIF) - 2022
- Sulphites; of Sodium Price in Malaysia (FOB) - 2022
- Sulphites; of Sodium Imports in Malaysia
- Sulphites; of Sodium Exports in Malaysia
Sulphites; of Sodium Price in Malaysia (CIF) - 2022
The average sulphites; of sodium import price stood at $664 per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. 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 ($943 per ton), while the price for Indonesia ($540 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphites; of Sodium Price in Malaysia (FOB) - 2022
The average sulphites; of sodium export price stood at $524 per ton in 2022, falling by -25.2% against the previous year. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The export price peaked at $880 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,095 per ton), while the average price for exports to Indonesia ($289 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 Vietnam (-0.9%), while the prices for the other major destinations experienced a decline.
Sulphites; of Sodium Imports in Malaysia
For the third year in a row, Malaysia recorded decline in purchases abroad of sulphites; of sodia, which decreased by -21.1% to 5.3K tons in 2022. Overall, imports saw a abrupt decline. The smallest decline of -7.9% was in 2021.
In value terms, sulphites; of sodium imports contracted modestly to $3.5M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5.9% against the previous year. As a result, imports reached the peak of $3.6M, and then reduced slightly in the following year.
Import of Sulphites; of Sodium in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,625 | 1,547 | 1,547 | 1,886 | 5.1% |
Thailand | 1,195 | 896 | 1,082 | 1,164 | -0.9% |
Germany | 164 | 414 | 357 | 233 | 12.4% |
Netherlands | 93.9 | 173 | 139 | 44.9 | -21.8% |
Others | 244 | 352 | 457 | 183 | -9.1% |
Total | 3,322 | 3,382 | 3,582 | 3,509 | 1.8% |
Top Suppliers of Sulphites; of Sodium to Malaysia in 2022:
- Netherlands (undefinedK tons)
- China (3.5K tons)
- Thailand (1.4K tons)
- Germany (0.2K tons)
Sulphites; of Sodium Exports in Malaysia
Sulphites; of sodium exports from Malaysia surged to 588 tons in 2022, growing by 83% on the previous year. Over the period under review, exports showed a significant 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 soared to $308K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Sulphites; of Sodium in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 43.9 | 45.6 | 56.9 | 135 | 45.4% |
Thailand | 81.1 | 96.4 | 126 | 96.5 | 6.0% |
Indonesia | 25.5 | 9.8 | 18.6 | 37.1 | 13.3% |
Vietnam | N/A | 0.5 | 2.0 | 29.0 | 661.6% |
Others | 4.3 | 5.2 | 22.0 | 11.0 | 36.8% |
Total | 155 | 158 | 225 | 308 | 25.7% |
Top Export Markets for Sulphites; of Sodium from Malaysia in 2022:
- Singapore (334.0 tons)
- Indonesia (128.6 tons)
- Thailand (88.1 tons)
- Vietnam (31.4 tons)
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