Sulphites; of Sodium Price in Portugal - 2023

Contents:

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

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

The average sulphites; of sodium import price stood at $786 per ton in 2022, growing by 51% against the previous year. In general, 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 +73.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,703 per ton), while the price for Italy ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average sulphites; of sodium export price amounted to $874 per ton, dropping by -20% against the previous year. In general, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. The export price peaked at $1,772 per ton in 2020; however, from 2021 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 Mozambique ($2,179 per ton), while the average price for exports to Spain ($767 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 Spain (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites; of Sodium Imports in Portugal

In 2022, the amount of sulphites; of sodia imported into Portugal contracted dramatically to 3.3K tons, waning by -43.7% against the previous year. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. As a result, imports attained the peak of 5.9K tons, and then dropped dramatically in the following year.

In value terms, sulphites; of sodium imports fell to $2.6M in 2022. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75%. As a result, imports attained the peak of $3.1M, and then contracted in the following year.

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

1. Italy (1192.6 tons)
2. Germany (1075.8 tons)
3. Turkey (680.7 tons)
4. Spain (198.7 tons)
5. Belgium (90.1 tons)
6. France (53.9 tons)

Sulphites; of Sodium Exports in Portugal

Sulphites; of sodium exports from Portugal surged to 433 tons in 2022, increasing by 65% compared with 2021. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 491%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sulphites; of sodium exports skyrocketed to $378K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 265%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Spain (407.1 tons)
2. Mozambique (15.2 tons)
3. Angola (5.1 tons)
4. Cabo Verde (3.0 tons)

Source: IndexBox Market Intelligence Platform