Sulphites; of Sodium Price in Uruguay - 2022

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

In 2022, the average sulphites; of sodium import price amounted to $942 per ton, rising by 58% against the previous year. Overall, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($1,128 per ton) and Germany ($973 per ton), while the price for Belgium ($756 per ton) and China ($785 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average sulphites; of sodium export price amounted to $997 per ton, dropping by -29.4% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2021 an increase of 115% against the previous year. As a result, the export price attained the peak level of $1,411 per ton, and then dropped markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to -0.3% per year.

Sulphites; of Sodium Imports in Uruguay

In 2022, after three years of growth, there was significant decline in purchases abroad of sulphites; of sodia, when their volume decreased by -5.4% to 1.2K tons. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 1.3K tons, and then reduced in the following year.

In value terms, sulphites; of sodium imports surged to $1.2M in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Sulphites; of Sodium in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	164	227	474	469	41.9%
Turkey	62.8	19.2	99.0	300	68.4%
China	43.4	54.3	55.9	245	78.1%
Italy	114	52.3	56.3	138	6.6%
Netherlands	8.5	11.8	20.8	N/A	56.4%
Others	125	66.0	75.8	12.7	-53.3%
Total	518	430	782	1,165	31.0%

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

Germany (482.6 tons)
Turkey (314.0 tons)
China (312.1 tons)
Italy (122.0 tons)

Sulphites; of Sodium Exports in Uruguay

In 2022, after two years of growth, there was decline in overseas shipments of sulphites; of sodia, when their volume decreased by -4.3% to 2.5 tons. The total export volume increased at an average annual rate of +12.5% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of 2.6 tons, and then shrank modestly in the following year.

In value terms, sulphites; of sodium exports declined significantly to $2.5K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 184% against the previous year. As a result, the exports reached the peak of $3.6K, and then fell significantly in the following year.