Alkali Metals; Sodium Price in India - 2023
Contents:
- Alkali Metals; Sodium Price in India (CIF) - 2023
- Alkali Metals; Sodium Price in India (FOB) - 2022
- Alkali Metals; Sodium Imports in India
- Alkali Metals; Sodium Exports in India
Alkali Metals; Sodium Price in India (CIF) - 2023
The average alkali metals; sodium import price stood at $2,823 per ton in July 2023, remaining relatively unchanged against the previous month. In general, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 8.6% against the previous month. The import price peaked at $3,364 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was France ($3,009 per ton), while the price for China amounted to $2,689 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (-1.7%).
Alkali Metals; Sodium Price in India (FOB) - 2022
In 2022, the average alkali metals; sodium export price amounted to $2,220 per ton, with an increase of 148% against the previous year. In general, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 454%. The export price peaked at $9,419 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($9,986 per ton), while the average price for exports to Ethiopia ($512 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 Myanmar (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Alkali Metals; Sodium Imports in India
In 2022, purchases abroad of alkali metals; sodia decreased by -13.4% to 6.5K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports reached the peak of 8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, alkali metals; sodium imports shrank to $21M in 2022. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 6.9%. As a result, imports reached the peak of $26M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Alkali Metals; Sodium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.4 | 19.6 | 18.1 | 15.0 | -9.7% |
| France | 2.4 | 5.3 | 6.3 | 6.3 | 37.9% |
| Singapore | 1.0 | 0.5 | N/A | N/A | -50.0% |
| Others | 0.1 | 0.2 | 0.3 | N/A | 73.2% |
| Total | 24.0 | 25.6 | 24.6 | 21.3 | -3.9% |
Top Suppliers of Alkali Metals; Sodium to India in 2022:
- China (4.6K tons)
- France (1.9K tons)
Alkali Metals; Sodium Exports in India
In 2022, the amount of alkali metals; sodia exported from India fell notably to 8.7 tons, waning by -61.8% compared with the previous year's figure. In general, exports continue to indicate a sharp downturn. The smallest decline of -25.8% was in 2021.
In value terms, alkali metals; sodium exports contracted to $19K in 2022. Overall, exports showed a sharp curtailment.
| Export of Alkali Metals; Sodium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 9.3 | 0% |
| Tanzania | N/A | N/A | N/A | 6.5 | 0% |
| China | N/A | 124 | 3.9 | 2.0 | -87.3% |
| Nepal | 1.1 | 13.7 | 13.0 | 0.5 | -23.1% |
| Bangladesh | N/A | N/A | N/A | 0.4 | 0% |
| Ethiopia | N/A | N/A | N/A | 0.2 | 0% |
| Sweden | 82.2 | N/A | N/A | N/A | 0% |
| United Kingdom | 10.2 | N/A | N/A | N/A | 0% |
| France | 169 | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | 7.8 | 0.1 | N/A | N/A | -98.7% |
| Others | 8.3 | 7.8 | 3.5 | 0.5 | -60.8% |
| Total | 278 | 146 | 20.5 | 19.4 | -58.8% |
Top Export Markets for Alkali Metals; Sodium from India in 2022:
- Tanzania (5.0 tons)
- Nigeria (1.8 tons)
- Nepal (0.8 tons)
- Bangladesh (0.6 tons)
- Ethiopia (0.4 tons)
- China (0.2 tons)
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