Sulphites; of Sodium Price in Venezuela - 2022
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Sulphites; of Sodium Price in Venezuela (CIF) - 2022
In 2022, the average sulphites; of sodium import price amounted to $679 per ton, declining by -13.2% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 58%. The import price peaked at $1,529 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 India ($5,500 per ton), while the price for Italy ($488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+248.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphites; of Sodium Imports in Venezuela
In 2022, sulphites; of sodium imports into Venezuela rose markedly to 334 tons, growing by 15% on the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. As a result, imports reached the peak of 377 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sulphites; of sodium imports fell modestly to $227K in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year.
| Import of Sulphites; of Sodium in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.3 | 20.4 | 76.9 | 54.1 | -0.1% |
| China | 8.2 | 81.8 | 18.0 | 32.6 | 58.4% |
| Belgium | 28.9 | N/A | N/A | 29.9 | 1.1% |
| Turkey | N/A | N/A | N/A | 13.4 | 0% |
| Switzerland | 1.5 | 0.5 | 2.8 | 8.4 | 77.6% |
| Italy | N/A | N/A | 61.1 | 6.7 | -89.0% |
| Colombia | 34.9 | 75.9 | N/A | 3.3 | -54.4% |
| India | N/A | 42.3 | N/A | N/A | 0% |
| Others | 33.6 | 4.5 | 69.2 | 78.2 | 32.5% |
| Total | 161 | 225 | 228 | 227 | 12.1% |
Top Suppliers of Sulphites; of Sodium to Venezuela in 2022:
- China (64.7 tons)
- United States (60.1 tons)
- Belgium (42.0 tons)
- Turkey (27.0 tons)
- Italy (13.8 tons)
- Switzerland (12.0 tons)
- Colombia (5.6 tons)
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