Sulphites; of Sodium Price in the UK - 2023

Contents:

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

Sulphites; of Sodium Price in the UK (CIF) - 2022

The average sulphites; of sodium import price stood at $747 per ton in 2022, reducing by -6.6% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +25.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 34% against the previous year. As a result, import price reached the peak level of $799 per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($803 per ton) and the Netherlands ($766 per ton), while the price for Belgium ($632 per ton) and Germany ($643 per ton) were amongst the lowest.

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

Sulphites; of Sodium Price in the UK (FOB) - 2022

The average sulphites; of sodium export price stood at $945 per ton in 2022, with a decrease of -16.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $1,138 per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($1,486 per ton), while the average price for exports to the Netherlands ($683 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 Norway (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in the UK

In 2022, the amount of sulphites; of sodia imported into the UK rose to 6K tons, picking up by 3.4% against the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 5.4% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphites; of sodium imports reduced to $4.5M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports reached the peak of $4.6M, and then fell slightly in the following year.

Top Suppliers of Sulphites; of Sodium to the UK in 2022:

1. Italy (3720.8 tons)
2. Germany (1148.5 tons)
3. Turkey (526.3 tons)
4. Belgium (369.9 tons)
5. Netherlands (79.6 tons)

Sulphites; of Sodium Exports in the UK

After two years of decline, shipments abroad of sulphites; of sodia increased by 73% to 2.1K tons in 2022. In general, exports, however, saw a abrupt decline.

In value terms, sulphites; of sodium exports soared to $2M in 2022. Over the period under review, exports, however, saw a abrupt descent.

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

1. Angola (1100.0 tons)
2. Ireland (450.4 tons)
3. Norway (169.6 tons)
4. Nigeria (79.4 tons)
5. Kazakhstan (33.6 tons)
6. Germany (29.6 tons)
7. Belgium (7.4 tons)

Source: IndexBox Market Intelligence Platform