Price for Sulphites; Other than of Sodium in Ireland - 2023

Price for Sulphites; Other than of Sodium in Ireland (CIF) - 2023

In November 2023, the average import price for sulphites; other than of sodia amounted to $602 per ton, shrinking by -2.3% against the previous month. Overall, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in September 2023 an increase of 11% m-o-m. Over the period under review, average import prices reached the maximum at $902 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($1,341 per ton), while the price for Germany ($565 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Sulphites; Other than of Sodium in Ireland (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $3,877 per ton, with a decrease of -87.5% against the previous year. Over the period under review, the export price continues to indicate a precipitous setback. Over the period under review, the average export prices hit record highs at $31,120 per ton in 2021, and then contracted dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2021 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +27.4% per year.

Imports of Sulphites; Other than of Sodium in Ireland

Sulphites; other than of sodium imports into Ireland surged to 5.2K tons in 2022, picking up by 36% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium imports surged to $3.8M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sulphites; Other than of Sodium in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	545	789	1,445	3,390	83.9%
Germany	333	345	285	397	6.0%
Belgium	77.8	64.7	67.8	61.0	-7.8%
Others	13.0	12.6	3.7	0.9	-58.9%
Total	968	1,212	1,801	3,849	58.4%

Top Suppliers of Sulphites; Other than of Sodium to Ireland in 2022:

United Kingdom (4.5K tons)
Germany (0.6K tons)

Exports of Sulphites; Other than of Sodium in Ireland

In 2022, the amount of sulphites; other than of sodia exported from Ireland surged to 357 kg, rising by 1,328% compared with the previous year's figure. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium exports skyrocketed to $1.4K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.