Sulphites; of Sodium Price in Myanmar - 2022

Contents:

1. Sulphites; of Sodium Price in Myanmar (CIF) - 2022
2. Sulphites; of Sodium Imports in Myanmar

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

The average sulphites; of sodium import price stood at $706 per ton in 2022, waning by -11.3% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +79.0% against 2015 indices. The pace of growth was the most pronounced in 2019 an increase of 26%. The import price peaked at $796 per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($749 per ton), while the price for China totaled $650 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Imports in Myanmar

In 2022, supplies from abroad of sulphites; of sodia was finally on the rise to reach 342 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp descent.

In value terms, sulphites; of sodium imports surged to $241K in 2022. In general, imports, however, showed a sharp contraction.

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

1. Thailand (185.3 tons)
2. China (156.2 tons)

Source: IndexBox Market Intelligence Platform