Price for Sulphites; Other than of Sodium in Malaysia - 2024

Contents:

1. Price for Sulphites; Other than of Sodium in Malaysia (CIF) - 2024
2. Price for Sulphites; Other than of Sodium in Malaysia (FOB) - 2022
3. Imports of Sulphites; Other than of Sodium in Malaysia
4. Exports of Sulphites; Other than of Sodium in Malaysia

Price for Sulphites; Other than of Sodium in Malaysia (CIF) - 2024

The average import price for sulphites; other than of sodia stood at $321 per ton in January 2024, declining by -11.8% against the previous month. Overall, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in May 2023 an increase of 57% against the previous month. Over the period under review, average import prices reached the peak figure at $776 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From January 2023 to January 2024, the rate of growth in terms of prices for Thailand amounted to +4.7% per month.

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

The average export price for sulphites; other than of sodia stood at $1,088 per ton in 2022, jumping by 29% against the previous year. In general, the export price, however, showed a deep reduction. Over the period under review, the average export prices hit record highs at $2,277 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($1,336 per ton), while the average price for exports to Vietnam ($653 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphites; Other than of Sodium in Malaysia

In 2022, sulphites; other than of sodium imports into Malaysia rose significantly to 6K tons, with an increase of 7.3% against the previous year. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of 6.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphites; other than of sodium imports soared to $3.3M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. India (4457.7 tons)
2. China (1063.7 tons)
3. Germany (288.3 tons)
4. Italy (98.0 tons)
5. Netherlands (62.5 tons)

Exports of Sulphites; Other than of Sodium in Malaysia

In 2022, overseas shipments of sulphites; other than of sodia decreased by -54.1% to 105 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 297% against the previous year. As a result, the exports reached the peak of 229 tons, and then contracted significantly in the following year.

In value terms, sulphites; other than of sodium exports shrank sharply to $114K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 248% against the previous year. As a result, the exports reached the peak of $194K, and then dropped sharply in the following year.

Top Export Markets for Sulphites; Other than of Sodium from Malaysia in 2022:

1. Brunei Darussalam (44.1 tons)
2. Thailand (23.4 tons)
3. Vietnam (15.4 tons)
4. Singapore (11.6 tons)
5. Sri Lanka (10.8 tons)

Source: IndexBox Market Intelligence Platform