Price for Sulphites; Other than of Sodium in the Philippines - 2023

Contents:

1. Price for Sulphites; Other than of Sodium in the Philippines (CIF) - 2022
2. Imports of Sulphites; Other than of Sodium in the Philippines

Price for Sulphites; Other than of Sodium in the Philippines (CIF) - 2022

In 2022, the average import price for sulphites; other than of sodia amounted to $388 per ton, shrinking by -59.6% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 167%. As a result, import price attained the peak level of $961 per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,354 per ton), while the price for Germany ($252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Sulphites; Other than of Sodium in the Philippines

In 2022, the amount of sulphites; other than of sodia imported into the Philippines soared to 7.1K tons, growing by 226% on 2021. In general, imports recorded a significant increase. 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 skyrocketed to $2.8M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 191%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. China (4.7K tons)
2. Germany (2.3K tons)

Source: IndexBox Market Intelligence Platform