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

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

In November 2023, the average import price for sulphites; other than of sodia amounted to $556 per ton, reducing by -11.3% against the previous month. Overall, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $970 per ton. From September 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($1,557 per ton), while the price for Italy ($489 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 France (+1.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for sulphites; other than of sodia amounted to $569 per ton, increasing by 15% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 61% against the previous year. The export price peaked at $2,243 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($1,892 per ton), while the average price for exports to Spain stood at $551 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-1.8%).

Imports of Sulphites; Other than of Sodium in Portugal

In 2022, overseas purchases of sulphites; other than of sodia decreased by -14.1% to 4.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 64% against the previous year.

In value terms, sulphites; other than of sodium imports soared to $3.3M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Sulphites; Other than of Sodium in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	0.6	1.1	2.1	2.6	63.0%
Italy	0.4	0.5	0.6	0.5	7.7%
Others	0.2	0.2	0.1	0.2	0.0%
Total	1.2	1.7	2.8	3.3	40.1%

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

Spain (3.1K tons)
Italy (1.6K tons)

Exports of Sulphites; Other than of Sodium in Portugal

In 2022, after three years of growth, there was significant decline in shipments abroad of sulphites; other than of sodia, when their volume decreased by -51% to 753 tons. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year.

In value terms, sulphites; other than of sodium exports declined significantly to $429K in 2022. In general, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 39%.