Sulphites; of Sodium Price in Thailand - 2023
Contents:
- Sulphites; of Sodium Price in Thailand (FOB) - 2023
- Sulphites; of Sodium Price in Thailand (CIF) - 2022
- Sulphites; of Sodium Exports in Thailand
- Sulphites; of Sodium Imports in Thailand
Sulphites; of Sodium Price in Thailand (FOB) - 2023
In July 2023, the average sulphites; of sodium export price amounted to $562 per ton, dropping by -3.8% against the previous month. Over the period under review, the export price showed a slight contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 12% against the previous month. As a result, the export price attained the peak level of $671 per ton. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was South Korea ($718 per ton), while the average price for exports to Tanzania ($361 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphites; of Sodium Price in Thailand (CIF) - 2022
The average sulphites; of sodium import price stood at $575 per ton in 2022, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($857 per ton), while the price for China ($504 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphites; of Sodium Exports in Thailand
In 2022, approx. 86K tons of sulphites; of sodia were exported from Thailand; with a decrease of -12.7% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of 99K tons, and then reduced in the following year.
In value terms, sulphites; of sodium exports skyrocketed to $53M in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sulphites; of Sodium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.7 | 5.5 | 4.3 | 7.5 | 9.6% |
| Philippines | 3.7 | 4.7 | 4.1 | 4.9 | 9.8% |
| Tanzania | 3.2 | 3.2 | 6.0 | 4.5 | 12.0% |
| Lao People's Democratic Republic | 0.1 | 0.2 | 0.7 | 4.4 | 253.0% |
| India | 3.5 | 3.1 | 3.2 | 3.9 | 3.7% |
| Canada | 0.3 | 0.8 | 2.4 | 2.9 | 113.0% |
| United States | 0.8 | 1.0 | 1.2 | 2.8 | 51.8% |
| Indonesia | 2.6 | 2.3 | 3.0 | 2.7 | 1.3% |
| Saudi Arabia | 3.9 | 1.5 | 0.8 | 2.2 | -17.4% |
| Japan | 1.4 | 1.5 | 2.2 | 2.0 | 12.6% |
| Pakistan | 1.1 | 1.1 | 2.3 | 1.7 | 15.6% |
| Vietnam | 1.2 | 1.1 | 1.2 | 1.5 | 7.7% |
| Taiwan (Chinese) | 1.0 | 0.9 | 1.0 | 1.2 | 6.3% |
| Others | 13.6 | 12.2 | 10.3 | 10.8 | -7.4% |
| Total | 42.0 | 39.0 | 42.7 | 53.1 | 8.1% |
Top Export Markets for Sulphites; of Sodium from Thailand in 2022:
- Australia (13.8K tons)
- Tanzania (8.3K tons)
- Lao People's Democratic Republic (8.2K tons)
- Philippines (7.8K tons)
- India (5.8K tons)
- United States (4.6K tons)
- Canada (4.0K tons)
- Indonesia (3.7K tons)
- Saudi Arabia (3.2K tons)
- Pakistan (3.0K tons)
- Japan (2.9K tons)
- Vietnam (2.2K tons)
- Taiwan (Chinese) (1.8K tons)
Sulphites; of Sodium Imports in Thailand
In 2022, supplies from abroad of sulphites; of sodia decreased by -3.4% to 9.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 9.3% against the previous year. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphites; of sodium imports surged to $5.2M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Sulphites; of Sodium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 2.6 | 3.1 | 3.8 | 12.1% |
| Germany | 0.8 | 0.5 | 0.8 | 1.0 | 7.7% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Japan | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.5 | 0.4 | 0.2 | 0.0% |
| Total | 3.9 | 3.7 | 4.5 | 5.2 | 10.1% |
Top Suppliers of Sulphites; of Sodium to Thailand in 2022:
- China (7.5K tons)
- Germany (1.1K tons)
- Taiwan (Chinese) (0.3K tons)
- Japan (0.2K tons)
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The exports of Sulphites reached its highest point in September 2023, with a value of $3.8M.
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