Price for Sulphites; Other than of Sodium in Hong Kong SAR - 2023
Contents:
- Price for Sulphites; Other than of Sodium in Hong Kong SAR (FOB) - 2022
- Price for Sulphites; Other than of Sodium in Hong Kong SAR (CIF) - 2022
- Exports of Sulphites; Other than of Sodium in Hong Kong SAR
- Imports of Sulphites; Other than of Sodium in Hong Kong SAR
Price for Sulphites; Other than of Sodium in Hong Kong SAR (FOB) - 2022
The average export price for sulphites; other than of sodia stood at $50,520 per ton in 2022, increasing by 9,559% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the United States amounted to +34.6% per year.
Price for Sulphites; Other than of Sodium in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for sulphites; other than of sodia amounted to $2,797 per ton, surging by 2.9% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 63%. The import price peaked at $2,854 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,609 per ton), while the price for Canada ($411 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sulphites; Other than of Sodium in Hong Kong SAR
In 2022, approx. 50 kg of sulphites; other than of sodia were exported from Hong Kong SAR; which is down by -99.7% against the previous year. Overall, exports showed a precipitous slump. The smallest decline of -13.4% was in 2021.
In value terms, sulphites; other than of sodium exports dropped rapidly to $2.5K in 2022. In general, exports saw a sharp decline. The smallest decline of -6.7% was in 2021.
| Export of Sulphites; Other than of Sodium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2.5 | 0% |
| Sri Lanka | 0.1 | 0.2 | 0.3 | N/A | 73.2% |
| China | 6.4 | 5.1 | 4.5 | N/A | -16.1% |
| Malaysia | N/A | 0.6 | N/A | N/A | 0% |
| Cambodia | 3.9 | 3.6 | 3.7 | N/A | -2.6% |
| Philippines | 1.1 | 0.9 | 0.7 | N/A | -20.2% |
| South Africa | 0.7 | 0.6 | 0.5 | N/A | -15.5% |
| Others | 0.5 | 0.2 | 0.7 | N/A | 18.3% |
| Total | 12.7 | 11.2 | 10.4 | 2.5 | -41.8% |
Top Export Markets for Sulphites; Other than of Sodium from Hong Kong SAR in 2022:
- United States (50.0 kg)
Imports of Sulphites; Other than of Sodium in Hong Kong SAR
In 2022, supplies from abroad of sulphites; other than of sodia was finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic setback.
In value terms, sulphites; other than of sodium imports soared to $34K in 2022. Overall, imports, however, continue to indicate a sharp curtailment.
| Import of Sulphites; Other than of Sodium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 16.9 | 14.1 | 11.2 | 13.1 | -8.1% |
| Italy | 22.7 | 8.6 | 7.5 | 9.0 | -26.5% |
| Japan | 6.4 | 3.7 | 5.2 | 5.5 | -4.9% |
| Singapore | 4.5 | 3.5 | 2.6 | 2.8 | -14.6% |
| Thailand | 1.7 | 1.3 | 0.9 | 1.0 | -16.2% |
| China | 0.9 | 0.6 | 0.5 | 0.5 | -17.8% |
| Canada | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 22.8 | 8.6 | 0.2 | 2.4 | -52.8% |
| Total | 76.1 | 40.7 | 28.2 | 34.5 | -23.2% |
Top Suppliers of Sulphites; Other than of Sodium to Hong Kong SAR in 2022:
- Taiwan (Chinese) (6.5 tons)
- Italy (2.6 tons)
- Singapore (0.9 tons)
- China (0.8 tons)
- Canada (0.5 tons)
- Japan (0.5 tons)
- Thailand (0.3 tons)
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