Sulphites; Thiosulphates Price in Iraq - 2022
Contents:
Sulphites; Thiosulphates Price in Iraq (CIF) - 2022
The average sulphites; thiosulphates import price stood at $776 per ton in 2022, rising by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $953 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Kuwait ($1,633 per ton), while the price for Iran ($269 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphites; Thiosulphates Imports in Iraq
In 2022, supplies from abroad of sulphites; thiosulphateses decreased by -0.4% to 2.5K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sulphites; thiosulphates imports surged to $1.9M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphites; Thiosulphates in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 658 | 629 | 1,030 | 1,018 | 15.7% |
| China | 323 | 262 | 96.8 | 251 | -8.1% |
| Turkey | 17.5 | 27.2 | 61.5 | 238 | 138.7% |
| United Kingdom | 224 | 478 | 250 | 206 | -2.8% |
| Kuwait | 163 | 221 | 2.1 | 126 | -8.2% |
| Iran | 14.3 | 34.3 | 18.4 | 23.5 | 18.0% |
| Others | 42.6 | 30.6 | 22.3 | 47.7 | 3.8% |
| Total | 1,442 | 1,682 | 1,481 | 1,911 | 9.8% |
Top Suppliers of Sulphites; Thiosulphates to Iraq in 2022:
- United Arab Emirates (1226.5 tons)
- China (482.1 tons)
- Turkey (281.0 tons)
- United Kingdom (267.5 tons)
- Iran (87.2 tons)
- Kuwait (77.2 tons)
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