Sulphides; of Sodium Price in the Philippines - 2023
Contents:
- Sulphides; of Sodium Price in the Philippines (CIF) - 2022
- Sulphides; of Sodium Imports in the Philippines
Sulphides; of Sodium Price in the Philippines (CIF) - 2022
In 2022, the average sulphides; of sodium import price amounted to $614 per ton, surging by 31% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides; of sodium import price increased by +81.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $711 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($665 per ton), while the price for Taiwan (Chinese) amounted to $575 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphides; of Sodium Imports in the Philippines
In 2022, imports of sulphides; of sodia into the Philippines fell significantly to 244 tons, dropping by -89.4% against 2021 figures. Over the period under review, imports saw a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 1,084%. As a result, imports reached the peak of 2.3K tons, and then dropped markedly in the following year.
In value terms, sulphides; of sodium imports contracted remarkably to $150K in 2022. Overall, imports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 1,536% against the previous year. As a result, imports attained the peak of $1.1M, and then dropped dramatically in the following year.
Import of Sulphides; of Sodium in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 47.2 | 1.7 | 83.5 | 80.7 | 19.6% |
China | 780 | 58.2 | 903 | 69.2 | -55.4% |
Others | 90.8 | 5.8 | 90.4 | 0.1 | -89.7% |
Total | 918 | 65.8 | 1,077 | 150 | -45.3% |
Top Suppliers of Sulphides; of Sodium to the Philippines in 2022:
- Taiwan (Chinese) (140.4 tons)
- China (104.0 tons)
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