Sulphites; of Sodium Price in Egypt - 2023

Contents:

1. Sulphites; of Sodium Price in Egypt (CIF) - 2022
2. Sulphites; of Sodium Price in Egypt (FOB) - 2022
3. Sulphites; of Sodium Imports in Egypt
4. Sulphites; of Sodium Exports in Egypt

Sulphites; of Sodium Price in Egypt (CIF) - 2022

In 2022, the average sulphites; of sodium import price amounted to $791 per ton, surging by 58% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium import price increased by +78.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($791 per ton) and Germany ($791 per ton), while the price for China ($791 per ton) and Italy ($791 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Egypt (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $737 per ton, which is down by -46.2% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 241%. The export price peaked at $1,585 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Algeria.

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +6.0% per year.

Sulphites; of Sodium Imports in Egypt

Sulphites; of sodium imports into Egypt reduced to 7.6K tons in 2022, waning by -7.3% on 2021. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 80%.

In value terms, sulphites; of sodium imports surged to $6M in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 103% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Sulphites; of Sodium to Egypt in 2022:

1. Turkey (5.2K tons)
2. China (1.2K tons)
3. Italy (0.7K tons)
4. Thailand (0.2K tons)
5. Germany (0.2K tons)

Sulphites; of Sodium Exports in Egypt

In 2022, shipments abroad of sulphites; of sodia increased by 373% to 19 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback.

In value terms, sulphites; of sodium exports surged to $14K in 2022. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sulphites; of Sodium from Egypt in 2022:

1. Algeria (18.7 tons)

Source: IndexBox Market Intelligence Platform