Price for Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR - 2022

Contents:

  1. Price for Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (CIF) - 2022
  2. Price for Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (FOB) - 2022
  3. Imports of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR
  4. Exports of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR

Price for Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (CIF) - 2022

The average import price for dithionites and sulphoxylates; other than sodia stood at $8,238 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, the import price showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 117%. As a result, import price reached the peak level of $12,247 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($11,706 per ton), while the price for China ($3,538 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for dithionites and sulphoxylates; other than sodia amounted to $10,322 per ton, picking up by 3.5% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of 58%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($27,000 per ton), while the average price for exports to Indonesia ($3,000 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 Bangladesh (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR

In 2022, imports of dithionites and sulphoxylates; other than sodia into Hong Kong SAR shrank to 4 tons, which is down by -13% on 2021. Overall, imports showed a dramatic curtailment. The smallest decline of -11.5% was in 2021.

In value terms, imports of dithionites and sulphoxylates; other than sodia surged to $33K in 2022. In general, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 28%.

Import of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.77.511.217.33.3%
India11.29.110.610.4-2.4%
South Korea9.83.84.74.9-20.6%
China1.30.40.50.4-32.5%
Japan113N/AN/AN/A0%
Italy5.1N/AN/AN/A0%
Others0.10.2N/AN/A100.0%
Total15721.127.033.0-40.5%

Top Suppliers of Dithionites and Sulphoxylates; Other than Sodium to Hong Kong SAR in 2022:

  1. India (1903.0 kg)
  2. Germany (1564.0 kg)
  3. South Korea (415.0 kg)
  4. China (117.0 kg)

Exports of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of dithionites and sulphoxylates; other than sodia, which decreased by -71.8% to 59 kg in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -63.9% was in 2021.

In value terms, exports of dithionites and sulphoxylates; other than sodia declined remarkably to $609 in 2022. In general, exports continue to indicate a sharp downturn. The smallest decline of -46% was in 2020.

Export of Dithionites and Sulphoxylates; Other than Sodium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bangladesh5.93.41.90.6-53.3%
China0.60.30.1N/A-59.2%
Indonesia0.70.2N/AN/A-71.4%
OthersN/AN/AN/AN/A0%
Total7.13.92.10.6-56.1%

Top Export Markets for Dithionites and Sulphoxylates; Other than Sodium from Hong Kong SAR in 2022:

  1. Bangladesh (57.0 kg)
  2. Indonesia (1.0 kg)
  3. China (1.0 kg)

Source: IndexBox Market Intelligence Platform

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