Chlorates; of Sodium Price in Portugal - 2023

Contents:

  1. Chlorates; of Sodium Price in Portugal (CIF) - 2023
  2. Chlorates; of Sodium Price in Portugal (FOB) - 2022
  3. Chlorates; of Sodium Imports in Portugal
  4. Chlorates; of Sodium Exports in Portugal

Chlorates; of Sodium Price in Portugal (CIF) - 2023

In August 2023, the average chlorates; of sodium import price amounted to $675 per ton, with a decrease of -11.6% against the previous month. Overall, import price indicated a measured expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, chlorates; of sodium import price decreased by -11.6% against July 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 27% m-o-m. Over the period under review, average import prices hit record highs at $764 per ton in July 2023, and then fell in the following month.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($902 per ton), while the price for France ($635 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 Canada (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorates; of Sodium Price in Portugal (FOB) - 2022

In 2022, the average chlorates; of sodium export price amounted to $648 per ton, picking up by 83% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($3,056 per ton), while the average price for exports to Spain ($382 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 Angola (+182.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorates; of Sodium Imports in Portugal

In 2022, approx. 49K tons of chlorates; of sodia were imported into Portugal; with an increase of 58% against 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +69.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorates; of sodium imports skyrocketed to $24M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +70.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorates; of Sodium in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada5.85.35.811.626.0%
Spain1.81.82.16.351.8%
France8.47.27.25.7-12.1%
FinlandN/AN/AN/A0.70%
OthersN/AN/AN/A0.10%
Total16.114.315.124.414.9%

Top Suppliers of Chlorates; of Sodium to Portugal in 2022:

  1. Canada (22.5K tons)
  2. Spain (12.8K tons)
  3. France (12.0K tons)
  4. Finland (1.4K tons)

Chlorates; of Sodium Exports in Portugal

In 2022, shipments abroad of chlorates; of sodia decreased by -61.8% to 16 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year. As a result, the exports reached the peak of 53 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorates; of sodium exports plummeted to $10K in 2022. In general, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $15K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Chlorates; of Sodium in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MozambiqueN/AN/A4.27.476.2%
Spain9.614.010.72.3-37.9%
AngolaN/A1.3N/A0.8-21.6%
OthersN/AN/AN/AN/A0%
Total9.615.315.010.53.0%

Top Export Markets for Chlorates; of Sodium from Portugal in 2022:

  1. Mozambique (9.9 tons)
  2. Spain (6.0 tons)
  3. Angola (0.2 tons)

Source: IndexBox Market Intelligence Platform

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