Price for Dithionites and Sulphoxylates; of Sodium in the Philippines - 2023

Contents:

  1. Price for Dithionites and Sulphoxylates; of Sodium in the Philippines (CIF) - 2022
  2. Imports of Dithionites and Sulphoxylates; of Sodium in the Philippines

Price for Dithionites and Sulphoxylates; of Sodium in the Philippines (CIF) - 2022

In 2022, the average import price for dithionites and sulphoxylates; of sodia amounted to $1,563 per ton, with an increase of 49% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($13,503 per ton), while the price for China amounted to $1,234 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Dithionites and Sulphoxylates; of Sodium in the Philippines

Dithionites and sulphoxylates; of sodium imports into the Philippines surged to 525 tons in 2022, growing by 107% compared with the year before. Overall, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dithionites and sulphoxylates; of sodium imports skyrocketed to $820K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Dithionites and Sulphoxylates; of Sodium in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25714916262834.7%
Japan3.52.72.2172266.3%
South Korea18.714.711.9N/A-20.2%
United States7.45.74.5N/A-22.0%
Others57.434.785.220.5-29.1%
Total34420726682033.6%

Top Suppliers of Dithionites and Sulphoxylates; of Sodium to the Philippines in 2022:

  1. China (508.5 tons)
  2. Japan (12.8 tons)

Source: IndexBox Market Intelligence Platform

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