Price for Dithionites and Sulphoxylates; of Sodium in the Philippines - 2023
Contents:
- Price for Dithionites and Sulphoxylates; of Sodium in the Philippines (CIF) - 2022
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 257 | 149 | 162 | 628 | 34.7% |
Japan | 3.5 | 2.7 | 2.2 | 172 | 266.3% |
South Korea | 18.7 | 14.7 | 11.9 | N/A | -20.2% |
United States | 7.4 | 5.7 | 4.5 | N/A | -22.0% |
Others | 57.4 | 34.7 | 85.2 | 20.5 | -29.1% |
Total | 344 | 207 | 266 | 820 | 33.6% |
Top Suppliers of Dithionites and Sulphoxylates; of Sodium to the Philippines in 2022:
- China (508.5 tons)
- Japan (12.8 tons)
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