Sulphites; of Sodium Price in Mexico - 2023
Contents:
Sulphites; of Sodium Price in Mexico (CIF) - 2023
In June 2023, the average sulphites; of sodium import price amounted to $754 per ton, increasing by 32% against the previous month. Over the period under review, the import price, however, showed a noticeable decline. The growth pace was the most rapid in February 2023 when the average import price increased by 170% month-to-month. As a result, import price attained the peak level of $1,476 per ton. From March 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,025 per ton), while the price for China ($485 per ton) was amongst the lowest.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.
Sulphites; of Sodium Imports in Mexico
In 2022, purchases abroad of sulphites; of sodia was finally on the rise to reach 19K tons after two years of decline. In general, imports, however, saw a drastic downturn.
In value terms, sulphites; of sodium imports surged to $17M in 2022. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Sulphites; of Sodium in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.6 | 1.7 | 2.5 | 5.8 | 17.2% |
Germany | 3.8 | 3.1 | 4.0 | 5.2 | 11.0% |
United States | 1.5 | 1.1 | 1.9 | 3.9 | 37.5% |
Italy | 2.5 | 2.2 | 1.0 | 1.6 | -13.8% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 11.5 | 8.2 | 9.4 | 16.6 | 13.0% |
Top Suppliers of Sulphites; of Sodium to Mexico in 2022:
- China (9.0K tons)
- Germany (5.3K tons)
- United States (3.7K tons)
- Italy (1.4K tons)
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The growth rate for Sulphites was the highest in June 2023, experiencing a 101% month-on-month increase. In terms of value, sulphites imports surged to $1.7M in November 2023.
In October 2022, the sulphites price stood at $1,105 per ton (CIF, Mexico), rising by 24% against the previous month.
Imports of Thiosulphates decreased significantly to $1.3M in June 2023 in terms of value.
The growth rate for Sulphites was the highest in June 2023, experiencing a 101% month-on-month increase. In terms of value, sulphites imports surged to $1.7M in November 2023.
In October 2022, the sulphites price stood at $1,105 per ton (CIF, Mexico), rising by 24% against the previous month.
Imports of Thiosulphates decreased significantly to $1.3M in June 2023 in terms of value.