Sulphites; of Sodium Price in Hungary - 2023

Contents:

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

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

In 2022, the average sulphites; of sodium import price amounted to $756 per ton, with an increase of 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Sweden ($3,817 per ton), while the price for Italy ($612 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average sulphites; of sodium export price amounted to $419 per ton, which is down by -34.4% against the previous year. In general, the export price, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2020 an increase of 108%. The export price peaked at $922 per ton in 2016; however, from 2017 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 Romania.

From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +13.9% per year.

Sulphites; of Sodium Imports in Hungary

After three years of growth, supplies from abroad of sulphites; of sodia decreased by -7% to 2.3K tons in 2022. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, imports reached the peak of 2.5K tons, and then declined in the following year.

In value terms, sulphites; of sodium imports soared to $1.7M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Italy (1703.4 tons)
2. Germany (267.9 tons)
3. Turkey (178.6 tons)
4. Thailand (47.6 tons)
5. Sweden (39.7 tons)

Sulphites; of Sodium Exports in Hungary

In 2022, approx. 17 tons of sulphites; of sodia were exported from Hungary; reducing by -75.7% compared with 2021. Over the period under review, exports recorded a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 221%. As a result, the exports attained the peak of 70 tons, and then shrank notably in the following year.

In value terms, sulphites; of sodium exports contracted remarkably to $7.1K in 2022. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 209%. As a result, the exports reached the peak of $45K, and then shrank notably in the following year.

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

1. Romania (16.9 tons)

Source: IndexBox Market Intelligence Platform