Sulphites; of Sodium Price in Norway - 2023
Contents:
- Sulphites; of Sodium Price in Norway (CIF) - 2023
- Sulphites; of Sodium Price in Norway (FOB) - 2022
- Sulphites; of Sodium Imports in Norway
- Sulphites; of Sodium Exports in Norway
Sulphites; of Sodium Price in Norway (CIF) - 2023
The average sulphites; of sodium import price stood at $844 per ton in August 2023, picking up by 58% against the previous month. Overall, import price indicated a noticeable increase from September 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sulphites; of sodium import price decreased by -4.2% against June 2023 indices. The import price peaked at $963 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($5,526 per ton), while the price for Sweden ($520 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphites; of Sodium Price in Norway (FOB) - 2022
The average sulphites; of sodium export price stood at $1,500 per ton in 2022, increasing by 12% against the previous year. Overall, the export price saw pronounced growth. The growth pace was the most rapid in 2013 an increase of 152% against the previous year. The export price peaked at $3,448 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,207 per ton), while the average price for exports to the United Arab Emirates ($961 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+121.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphites; of Sodium Imports in Norway
In 2022, the amount of sulphites; of sodia imported into Norway reached 6.7K tons, growing by 15% on the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +51.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, sulphites; of sodium imports soared to $4.4M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphites; of Sodium in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,675 | 1,583 | 1,748 | 2,632 | 16.3% |
| Sweden | 455 | 311 | 510 | 715 | 16.3% |
| Italy | 22.8 | 158 | 451 | 516 | 182.9% |
| United Kingdom | 157 | 146 | 91.8 | 181 | 4.9% |
| Denmark | 95.1 | 42.3 | 105 | 117 | 7.2% |
| Turkey | 36.3 | 25.1 | 98.5 | 108 | 43.8% |
| Others | 50.2 | 13.8 | 37.1 | 101 | 26.2% |
| Total | 2,491 | 2,278 | 3,041 | 4,371 | 20.6% |
Top Suppliers of Sulphites; of Sodium to Norway in 2022:
- Germany (3708.2 tons)
- Sweden (1862.7 tons)
- Italy (508.4 tons)
- United Kingdom (203.5 tons)
- Turkey (142.0 tons)
- Denmark (131.7 tons)
Sulphites; of Sodium Exports in Norway
In 2022, shipments abroad of sulphites; of sodia decreased by -4.8% to 127 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,879%.
In value terms, sulphites; of sodium exports rose significantly to $190K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,664%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Sulphites; of Sodium in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.8 | 15.5 | 53.5 | 69.6 | 343.1% |
| Singapore | 0.6 | 7.0 | 30.2 | 31.6 | 274.8% |
| United States | 0.3 | 9.5 | 14.8 | 28.7 | 357.4% |
| Spain | N/A | 1.3 | 2.9 | 19.3 | 285.3% |
| China | N/A | 1.5 | 16.8 | 8.5 | 138.0% |
| South Korea | N/A | 1.3 | 23.7 | 7.2 | 135.3% |
| United Arab Emirates | N/A | 1.1 | 6.7 | 6.1 | 135.5% |
| Japan | N/A | 1.8 | 1.9 | 3.5 | 39.4% |
| Turkey | N/A | 1.8 | 4.4 | 1.6 | -5.7% |
| Egypt | N/A | 1.1 | 5.4 | 1.2 | 4.4% |
| Germany | N/A | 1.4 | 3.4 | N/A | 142.9% |
| Panama | N/A | N/A | 4.3 | N/A | 0% |
| South Africa | N/A | N/A | 2.4 | N/A | 0% |
| Others | 0.8 | 1.2 | 7.6 | 13.2 | 154.6% |
| Total | 2.5 | 44.6 | 178 | 190 | 323.6% |
Top Export Markets for Sulphites; of Sodium from Norway in 2022:
- Netherlands (64.9 tons)
- Singapore (18.1 tons)
- United States (9.0 tons)
- Spain (8.4 tons)
- United Arab Emirates (6.3 tons)
- South Korea (5.3 tons)
- China (4.2 tons)
- Japan (2.4 tons)
- Turkey (1.1 tons)
- Egypt (0.9 tons)
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