Sulphates; of Aluminium Price in India - 2023
Contents:
- Sulphates; of Aluminium Price in India (FOB) - 2023
- Sulphates; of Aluminium Price in India (CIF) - 2022
- Sulphates; of Aluminium Exports in India
- Sulphates; of Aluminium Imports in India
Sulphates; of Aluminium Price in India (FOB) - 2023
In September 2023, the average sulphates; of aluminium export price amounted to $289 per ton, remaining relatively unchanged against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 27% m-o-m. The export price peaked at $353 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($398 per ton), while the average price for exports to Tanzania ($186 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.0%), while the prices for the other major destinations experienced a decline.
Sulphates; of Aluminium Price in India (CIF) - 2022
The average sulphates; of aluminium import price stood at $415 per ton in 2022, growing by 9.8% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum at $1,118 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($644 per ton), while the price for China totaled $372 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Aluminium Exports in India
In 2022, the amount of sulphates; of aluminia exported from India soared to 16K tons, picking up by 27% on 2021 figures. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 66%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, sulphates; of aluminium exports surged to $4.9M in 2022. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Sulphates; of Aluminium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 308 | 173 | 575 | 1,946 | 84.9% |
| Saudi Arabia | 156 | 65.7 | 420 | 579 | 54.8% |
| Tanzania | 267 | 384 | 483 | 479 | 21.5% |
| United Arab Emirates | 417 | 211 | 455 | 425 | 0.6% |
| Bangladesh | 112 | 154 | 187 | 245 | 29.8% |
| Nepal | 126 | 74.5 | 120 | 154 | 6.9% |
| Djibouti | N/A | N/A | N/A | 69.0 | 0% |
| Zambia | 90.2 | 70.9 | 114 | 12.9 | -47.7% |
| Cameroon | 195 | N/A | 22.1 | N/A | -66.3% |
| Others | 1,192 | 1,033 | 1,451 | 962 | -6.9% |
| Total | 2,863 | 2,165 | 3,827 | 4,872 | 19.4% |
Top Export Markets for Sulphates; of Aluminium from India in 2022:
- Sri Lanka (7.6K tons)
- Tanzania (1.9K tons)
- Saudi Arabia (1.8K tons)
- United Arab Emirates (1.2K tons)
- Bangladesh (0.9K tons)
- Nepal (0.3K tons)
- Djibouti (0.3K tons)
- Zambia (0.1K tons)
Sulphates; of Aluminium Imports in India
In 2022, the amount of sulphates; of aluminia imported into India surged to 215 tons, growing by 138% against 2021 figures. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 276% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, sulphates; of aluminium imports skyrocketed to $89K in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Aluminium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 72.2 | 0% |
| South Korea | 3.2 | 2.6 | 21.9 | 12.9 | 59.2% |
| United States | 2.2 | 2.9 | 1.7 | N/A | -12.1% |
| Indonesia | 3.6 | 2.6 | N/A | N/A | -27.8% |
| United Arab Emirates | 4.6 | 0.9 | N/A | N/A | -80.4% |
| Taiwan (Chinese) | N/A | N/A | 8.2 | N/A | 0% |
| Others | 3.1 | 8.9 | 2.2 | 3.9 | 8.0% |
| Total | 16.8 | 17.8 | 34.1 | 89.0 | 74.3% |
Top Suppliers of Sulphates; of Aluminium to India in 2022:
- China (194.0 tons)
- South Korea (20.0 tons)
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