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Australia - Sulphites - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSulphites Price in Australia - 2023
Contents:
- Sulphites Price in Australia (CIF) - 2023
- Sulphites Price in Australia (FOB) - 2022
- Sulphites Imports in Australia
- Sulphites Exports in Australia
Sulphites Price in Australia (CIF) - 2023
In September 2023, the average sulphites import price amounted to $428 per ton, which is down by -10.6% against the previous month. In general, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 13% against the previous month. The import price peaked at $711 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($500 per ton), while the price for China stood at $384 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced a decline.
Sulphites Price in Australia (FOB) - 2022
The average sulphites export price stood at $1,455 per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 248%. As a result, the export price reached the peak level of $2,756 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($2,102 per ton), while the average price for exports to New Zealand ($1,140 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 New Caledonia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphites Imports in Australia
In 2022, overseas purchases of sulphites increased by 6.4% to 36K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, sulphites imports surged to $23M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sulphites in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.1 | 4.5 | 8.0 | 10.8 | 21.0% |
Thailand | 6.3 | 6.0 | 4.4 | 9.2 | 13.5% |
Italy | 0.8 | 0.9 | 0.9 | 1.1 | 11.2% |
Japan | 1.2 | 1.1 | 0.6 | 0.5 | -25.3% |
Others | 0.5 | 1.1 | 1.0 | 0.9 | 21.6% |
Total | 15.0 | 13.7 | 14.9 | 22.5 | 14.5% |
Top Suppliers of Sulphites to Australia in 2022:
- China (17.7K tons)
- Thailand (15.0K tons)
- Japan (1.3K tons)
- Italy (0.9K tons)
Sulphites Exports in Australia
In 2022, approx. 141 tons of sulphites were exported from Australia; with a decrease of -43.7% on the previous year's figure. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year.
In value terms, sulphites exports fell significantly to $205K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of $398K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Sulphites in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 67.8 | 58.4 | 96.8 | 97.8 | 13.0% |
Papua New Guinea | 17.9 | 39.9 | 33.0 | 53.4 | 44.0% |
Fiji | 3.6 | 1.7 | 2.4 | 40.3 | 123.7% |
New Caledonia | 2.1 | 2.3 | 7.2 | 3.6 | 19.7% |
China | 38.5 | N/A | N/A | N/A | 0% |
United States | N/A | N/A | 117 | N/A | 0% |
South Africa | N/A | N/A | 64.7 | N/A | 0% |
Others | 76.8 | 295 | 30.2 | 9.3 | -50.5% |
Total | 207 | 398 | 352 | 205 | -0.3% |
Top Export Markets for Sulphites from Australia in 2022:
- New Zealand (85.8 tons)
- Papua New Guinea (25.4 tons)
- Fiji (22.6 tons)
- New Caledonia (2.1 tons)
This report provides an in-depth analysis of the sulphites market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134133 - Sulphites
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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