Price for Sodium Sulphates; Other than Disodium Sulphate in the Philippines - 2023
Contents:
- Price for Sodium Sulphates; Other than Disodium Sulphate in the Philippines (CIF) - 2022
- Price for Sodium Sulphates; Other than Disodium Sulphate in the Philippines (FOB) - 2022
- Imports of Sodium Sulphates; Other than Disodium Sulphate in the Philippines
- Exports of Sodium Sulphates; Other than Disodium Sulphate in the Philippines
Price for Sodium Sulphates; Other than Disodium Sulphate in the Philippines (CIF) - 2022
The average import price for sodium sulphates; other than disodium sulphates stood at $43 per ton in 2022, falling by -6% against the previous year. In general, the import price faced a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 20%. Over the period under review, average import prices reached the maximum at $297 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -18.5% per year.
Price for Sodium Sulphates; Other than Disodium Sulphate in the Philippines (FOB) - 2022
In 2022, the average export price for sodium sulphates; other than disodium sulphates amounted to $3,208 per ton, surging by 14% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sodium sulphates; other than disodium sulphates increased by +82.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +12.9% per year.
Imports of Sodium Sulphates; Other than Disodium Sulphate in the Philippines
After three years of growth, purchases abroad of sodium sulphates; other than disodium sulphates decreased by -18.9% to 216K tons in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of 266K tons, and then declined dramatically in the following year.
In value terms, imports of sodium sulphates; other than disodium sulphates shrank notably to $9.2M in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 4.5% against the previous year.
| Import of Sodium Sulphates; Other than Disodium Sulphate in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.5 | 11.1 | 11.5 | 8.3 | -10.3% |
| Others | 1.0 | 0.4 | 0.6 | 0.9 | -3.5% |
| Total | 12.5 | 11.5 | 12.0 | 9.2 | -9.7% |
Top Suppliers of Sodium Sulphates; Other than Disodium Sulphate to the Philippines in 2022:
- China (214.0K tons)
Exports of Sodium Sulphates; Other than Disodium Sulphate in the Philippines
In 2022, overseas shipments of sodium sulphates; other than disodium sulphates decreased by -78.2% to 80 tons, falling for the second year in a row after two years of growth. Overall, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 174% against the previous year. As a result, the exports reached the peak of 677 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of sodium sulphates; other than disodium sulphates contracted significantly to $257K in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 224% against the previous year. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Sodium Sulphates; Other than Disodium Sulphate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 319 | 1,401 | 1,031 | 257 | -7.0% |
| Australia | 64.7 | N/A | N/A | N/A | 0% |
| Others | 50.0 | 2.6 | N/A | N/A | -94.8% |
| Total | 434 | 1,404 | 1,031 | 257 | -16.0% |
Top Export Markets for Sodium Sulphates; Other than Disodium Sulphate from the Philippines in 2022:
- United States (80.0 tons)
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