Price for Sodium Sulphates; Disodium Sulphate in the Philippines - 2023
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in the Philippines (CIF) - 2023
- Imports of Sodium Sulphates; Disodium Sulphate in the Philippines
Price for Sodium Sulphates; Disodium Sulphate in the Philippines (CIF) - 2023
The average sodium sulphates; disodium sulphate import price stood at $75.1 per ton in June 2023, dropping by -13.9% against the previous month. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 62% against the previous month. The import price peaked at $123 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -3.7% per month.
Imports of Sodium Sulphates; Disodium Sulphate in the Philippines
For the fourth year in a row, the Philippines recorded growth in supplies from abroad of sodium sulphates; disodium sulphates, which increased by 1,165% to 52K tons in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sodium sulphates; disodium sulphate imports skyrocketed to $4.2M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Sulphates; Disodium Sulphate in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.2 | 0.3 | 4.2 | 175.9% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 0.2 | 0.2 | 0.3 | 4.2 | 175.9% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to the Philippines in 2022:
- China (52.1K tons)
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