Sulphites; of Sodium Price in Sweden - 2023

Contents:

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

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

The average sulphites; of sodium import price stood at $493 per ton in July 2023, which is down by -26.9% against the previous month. In general, import price indicated a tangible expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, sulphites; of sodium import price decreased by -26.9% against June 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 34% month-to-month. Over the period under review, average import prices reached the peak figure at $804 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($3,837 per ton), while the price for Germany ($353 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Sweden (FOB) - 2023

In August 2023, the average sulphites; of sodium export price amounted to $734 per ton, growing by 54% against the previous month. Over the period under review, export price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sulphites; of sodium export price increased by +53.6% against July 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Norway.

From August 2022 to August 2023, the rate of growth in terms of prices for Norway amounted to +2.2% per month.

Sulphites; of Sodium Imports in Sweden

In 2022, the amount of sulphites; of sodia imported into Sweden rose significantly to 15K tons, picking up by 13% against 2021. The total import volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, sulphites; of sodium imports surged to $8M in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Finland (10.7K tons)
2. Germany (3.1K tons)
3. Czech Republic (0.9K tons)

Sulphites; of Sodium Exports in Sweden

In 2022, approx. 2.1K tons of sulphites; of sodia were exported from Sweden; growing by 7.2% compared with the previous year's figure. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.6% 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 +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphites; of sodium exports skyrocketed to $909K in 2022. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

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

1. Norway (1857.1 tons)
2. Denmark (129.7 tons)
3. Finland (85.1 tons)
4. Germany (44.5 tons)

Source: IndexBox Market Intelligence Platform