Price for Sodium Sulphates; Disodium Sulphate in China - 2023
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in China (FOB) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in China (CIF) - 2022
- Exports of Sodium Sulphates; Disodium Sulphate in China
- Imports of Sodium Sulphates; Disodium Sulphate in China
Price for Sodium Sulphates; Disodium Sulphate in China (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $86 per ton, increasing by 13% against the previous year. Overall, the export price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2016 an increase of 57%. As a result, the export price attained the peak level of $112 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($90 per ton) and Brazil ($88 per ton), while the average price for exports to the Philippines ($73 per ton) and Malaysia ($80 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 Brazil (+0.1%), while the prices for the other major destinations experienced a decline.
Price for Sodium Sulphates; Disodium Sulphate in China (CIF) - 2022
The average sodium sulphates; disodium sulphate import price stood at $813 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 156%. The import price peaked at $1,598 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Japan ($777 per ton), while the price for Spain stood at $352 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced a decline.
Exports of Sodium Sulphates; Disodium Sulphate in China
In 2022, after three years of growth, there was decline in overseas shipments of sodium sulphates; disodium sulphates, when their volume decreased by -0.2% to 3.9M tons. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.5%.
In value terms, sodium sulphates; disodium sulphate exports rose significantly to $331M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sodium Sulphates; Disodium Sulphate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 37.4 | 33.5 | 39.9 | 48.2 | 8.8% |
| Vietnam | 32.5 | 30.8 | 29.0 | 33.6 | 1.1% |
| Indonesia | 20.1 | 25.3 | 22.1 | 27.6 | 11.1% |
| Brazil | 20.7 | 23.2 | 19.4 | 21.9 | 1.9% |
| Nigeria | 12.5 | 12.3 | 19.3 | 21.0 | 18.9% |
| Colombia | 16.1 | 14.0 | 18.6 | 19.6 | 6.8% |
| Thailand | 12.8 | 15.0 | 11.3 | 17.4 | 10.8% |
| Saudi Arabia | 21.0 | 16.0 | 11.4 | 13.0 | -14.8% |
| South Africa | 13.2 | 9.4 | 8.2 | 11.8 | -3.7% |
| Philippines | 12.7 | 13.0 | 11.1 | 11.8 | -2.4% |
| Guatemala | 4.1 | 5.2 | 6.8 | 11.2 | 39.8% |
| Peru | 7.6 | 7.1 | 11.4 | 9.6 | 8.1% |
| Malaysia | 9.6 | 7.8 | 9.0 | 9.1 | -1.8% |
| Others | 82.2 | 76.8 | 75.8 | 75.4 | -2.8% |
| Total | 303 | 289 | 293 | 331 | 3.0% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from China in 2022:
- Bangladesh (560.2K tons)
- Vietnam (408.3K tons)
- Indonesia (331.4K tons)
- Nigeria (254.2K tons)
- Brazil (249.9K tons)
- Colombia (235.0K tons)
- Thailand (211.3K tons)
- Philippines (161.9K tons)
- Saudi Arabia (144.8K tons)
- South Africa (135.5K tons)
- Guatemala (130.0K tons)
- Malaysia (114.1K tons)
- Peru (113.1K tons)
Imports of Sodium Sulphates; Disodium Sulphate in China
In 2022, sodium sulphates; disodium sulphate imports into China skyrocketed to 6.4K tons, with an increase of 22% compared with the previous year. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 136% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, sodium sulphates; disodium sulphate imports soared to $5.2M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 118% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Sodium Sulphates; Disodium Sulphate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 1.7 | 4.0 | 4.6 | 32.0% |
| Spain | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Total | 2.2 | 2.0 | 4.2 | 5.2 | 33.2% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to China in 2022:
- Japan (6.0K tons)
- Spain (0.2K tons)
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