Sulphites; of Sodium Price in Spain - 2023
Contents:
- Sulphites; of Sodium Price in Spain (CIF) - 2023
- Sulphites; of Sodium Price in Spain (FOB) - 2022
- Sulphites; of Sodium Imports in Spain
- Sulphites; of Sodium Exports in Spain
Sulphites; of Sodium Price in Spain (CIF) - 2023
The average sulphites; of sodium import price stood at $426 per ton in August 2023, with an increase of 7% against the previous month. Over the period under review, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 24% month-to-month. The import price peaked at $641 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($601 per ton), while the price for China ($349 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced a decline.
Sulphites; of Sodium Price in Spain (FOB) - 2022
The average sulphites; of sodium export price stood at $1,789 per ton in 2022, rising by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 19%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 New Caledonia ($4,815 per ton), while the average price for exports to Egypt ($739 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 Morocco (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphites; of Sodium Imports in Spain
In 2022, purchases abroad of sulphites; of sodia decreased by -9.3% to 20K tons, falling for the second consecutive year after two years of growth. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 46%. As a result, imports reached the peak of 25K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sulphites; of sodium imports skyrocketed to $10M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Sulphites; of Sodium in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 2.8 | 4.3 | 5.2 | 20.1% |
| Italy | 3.0 | 2.0 | 1.8 | 2.2 | -9.8% |
| Turkey | 0.6 | 0.6 | 1.2 | 1.9 | 46.8% |
| Thailand | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Others | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| Total | 7.3 | 6.0 | 8.1 | 10.2 | 11.8% |
Top Suppliers of Sulphites; of Sodium to Spain in 2022:
- Germany (11.5K tons)
- Italy (5.2K tons)
- Turkey (2.7K tons)
- Thailand (0.3K tons)
Sulphites; of Sodium Exports in Spain
In 2022, sulphites; of sodium exports from Spain totaled 1.6K tons, increasing by 13% on 2021 figures. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sulphites; of sodium exports soared to $2.8M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Sulphites; of Sodium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 297 | 291 | 419 | 350 | 5.6% |
| New Caledonia | 321 | 167 | 299 | 312 | -0.9% |
| Belgium | 130 | 103 | 242 | 239 | 22.5% |
| France | 118 | 124 | 146 | 226 | 24.2% |
| Tunisia | 71.0 | 96.1 | 160 | 212 | 44.0% |
| Portugal | 218 | 147 | 145 | 128 | -16.3% |
| Greece | 28.3 | 58.8 | 57.4 | 104 | 54.3% |
| Cuba | 2.7 | 13.1 | 6.1 | 91.3 | 223.4% |
| Egypt | 27.7 | 42.6 | 42.8 | 74.3 | 38.9% |
| Indonesia | 15.8 | 45.8 | 58.5 | 68.3 | 62.9% |
| Australia | 89.4 | 29.3 | 64.9 | 63.3 | -10.9% |
| Morocco | 46.0 | 27.6 | 18.6 | 60.2 | 9.4% |
| Angola | 19.3 | 36.9 | 44.3 | 59.1 | 45.2% |
| Others | 578 | 466 | 581 | 793 | 11.1% |
| Total | 1,963 | 1,648 | 2,285 | 2,781 | 12.3% |
Top Export Markets for Sulphites; of Sodium from Spain in 2022:
- France (204.6 tons)
- Belgium (192.8 tons)
- Denmark (185.0 tons)
- Tunisia (166.6 tons)
- Egypt (100.6 tons)
- Portugal (90.8 tons)
- New Caledonia (64.8 tons)
- Greece (51.4 tons)
- Cuba (48.1 tons)
- Indonesia (42.0 tons)
- Morocco (36.5 tons)
- Angola (35.3 tons)
- Australia (34.9 tons)
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In January 2023, Sulphites experienced a rapid growth rate of 35% compared to the previous month. However, in December 2023, import values took a dramatic decline, falling to $1.2M.
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