Sulphites; of Sodium Price in South Africa - 2023

Contents:

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

Sulphites; of Sodium Price in South Africa (CIF) - 2022

The average sulphites; of sodium import price stood at $334 per ton in 2022, growing by 1.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure at $339 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($828 per ton), while the price for India ($296 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in South Africa (FOB) - 2022

The average sulphites; of sodium export price stood at $679 per ton in 2022, reducing by -4.4% against the previous year. In general, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 an increase of 77%. As a result, the export price reached the peak level of $710 per ton, and then contracted slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($1,775 per ton), while the average price for exports to Zambia ($330 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 Zimbabwe (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in South Africa

In 2022, the amount of sulphites; of sodia imported into South Africa rose sharply to 64K tons, increasing by 11% against 2021 figures. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sulphites; of sodium imports rose rapidly to $22M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Sulphites; of Sodium to South Africa in 2022:

1. India (37.1K tons)
2. China (23.0K tons)
3. Germany (1.7K tons)
4. Italy (1.4K tons)
5. Thailand (0.8K tons)

Sulphites; of Sodium Exports in South Africa

Sulphites; of sodium exports from South Africa declined significantly to 1.3K tons in 2022, with a decrease of -58.9% compared with 2021. Over the period under review, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year.

In value terms, sulphites; of sodium exports shrank dramatically to $850K in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 169% against the previous year. As a result, the exports attained the peak of $2.2M, and then dropped markedly in the following year.

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

1. Zambia (460.2 tons)
2. Democratic Republic of the Congo (319.8 tons)
3. Namibia (183.7 tons)
4. Zimbabwe (98.8 tons)
5. Lesotho (55.4 tons)
6. Swaziland (53.4 tons)
7. Angola (33.2 tons)

Source: IndexBox Market Intelligence Platform