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

Contents:

1. Price for Sulphites; Other than of Sodium in the United States (FOB) - 2023
2. Price for Sulphites; Other than of Sodium in the United States (CIF) - 2023
3. Exports of Sulphites; Other than of Sodium in the United States
4. Imports of Sulphites; Other than of Sodium in the United States

Price for Sulphites; Other than of Sodium in the United States (FOB) - 2023

The average export price for sulphites; other than of sodia stood at $419 per ton in December 2023, shrinking by -6.8% against the previous month. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in November 2023 an increase of 8.1% m-o-m. Over the period under review, the average export prices reached the peak figure at $542 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,117 per ton), while the average price for exports to Mexico totaled $387 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-2.2%).

Price for Sulphites; Other than of Sodium in the United States (CIF) - 2023

The average import price for sulphites; other than of sodia stood at $2,666 per ton in December 2023, declining by -6.3% against the previous month. In general, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 299% against the previous month. As a result, import price reached the peak level of $9,976 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($6,537 per ton), while the price for Germany ($2,328 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.2%), while the prices for the other major suppliers experienced a decline.

Exports of Sulphites; Other than of Sodium in the United States

In 2022, sulphites; other than of sodium exports from the United States was estimated at 46K tons, surging by 3.9% on the previous year's figure. Over the period under review, exports, however, recorded a mild downturn. The growth pace was the most rapid in 2021 with an increase of 5.5% against the previous year.

In value terms, sulphites; other than of sodium exports skyrocketed to $26M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sulphites; Other than of Sodium from the United States in 2022:

1. Mexico (43.8K tons)
2. Canada (1.2K tons)

Imports of Sulphites; Other than of Sodium in the United States

In 2022, sulphites; other than of sodium imports into the United States soared to 1.3K tons, jumping by 18% against 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium imports skyrocketed to $2.6M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +77.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (626.8 tons)
2. Germany (367.7 tons)
3. France (155.0 tons)
4. China (94.3 tons)
5. Canada (22.0 tons)

Source: IndexBox Market Intelligence Platform