Price for Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR - 2023
Contents:
- Price for Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (CIF) - 2022
- Price for Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (FOB) - 2022
- Imports of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR
- Exports of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR
Price for Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for dithionites and sulphoxylates; of sodia amounted to $4,758 per ton, with a decrease of -18.6% against the previous year. Overall, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 106%. Over the period under review, average import prices reached the peak figure at $6,461 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,529 per ton), while the price for China totaled $1,388 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for dithionites and sulphoxylates; of sodia amounted to $8,787 per ton, picking up by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 an increase of 45% against the previous year. As a result, the export price attained the peak level of $10,964 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($9,337 per ton) and Japan ($8,952 per ton), while the average price for exports to Malaysia ($8,124 per ton) and China ($8,851 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas purchases of dithionites and sulphoxylates; of sodia, when their volume decreased by -10.6% to 217 tons. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 243 tons, and then contracted in the following year.
In value terms, dithionites and sulphoxylates; of sodium imports dropped notably to $1M in 2022. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $1.4M, and then shrank significantly in the following year.
| Import of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 580 | 751 | 1,336 | 894 | 15.5% |
| China | 43.0 | 31.1 | 58.8 | 136 | 46.8% |
| Belgium | N/A | N/A | 21.7 | N/A | 0% |
| Netherlands | N/A | 43.4 | N/A | N/A | 0% |
| Others | 3.2 | 2.5 | 3.1 | 2.9 | -3.2% |
| Total | 626 | 828 | 1,420 | 1,033 | 18.2% |
Top Suppliers of Dithionites and Sulphoxylates; of Sodium to Hong Kong SAR in 2022:
- Germany (118.7 tons)
- China (98.2 tons)
Exports of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR
In 2022, exports of dithionites and sulphoxylates; of sodia from Hong Kong SAR soared to 137 tons, increasing by 19% compared with the previous year's figure. The total export volume increased at an average annual rate of +11.5% from 2019 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 2020 when exports increased by 34%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, dithionites and sulphoxylates; of sodium exports skyrocketed to $1.2M in 2022. The total export value increased at an average annual rate of +11.5% over the period 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 with an increase of 26%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Dithionites and Sulphoxylates; of Sodium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 597 | 825 | 635 | 982 | 18.0% |
| Malaysia | 83.2 | 114 | 196 | 114 | 11.1% |
| Japan | 112 | 101 | 72.8 | 103 | -2.8% |
| Vietnam | 61.2 | 56.8 | 54.9 | 4.7 | -57.5% |
| Others | 13.3 | N/A | 11.1 | N/A | -8.6% |
| Total | 867 | 1,096 | 969 | 1,203 | 11.5% |
Top Export Markets for Dithionites and Sulphoxylates; of Sodium from Hong Kong SAR in 2022:
- China (110.9 tons)
- Malaysia (14.0 tons)
- Japan (11.5 tons)
- Vietnam (0.5 tons)
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