Sulphites; Thiosulphates Price in New Zealand - 2023

Contents:

1. Sulphites; Thiosulphates Price in New Zealand (CIF) - 2022
2. Sulphites; Thiosulphates Price in New Zealand (FOB) - 2022
3. Sulphites; Thiosulphates Imports in New Zealand
4. Sulphites; Thiosulphates Exports in New Zealand

Sulphites; Thiosulphates Price in New Zealand (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $797 per ton, surging by 30% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; thiosulphates import price increased by +75.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ($1,056 per ton), while the price for China ($691 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in New Zealand (FOB) - 2022

In 2022, the average sulphites; thiosulphates export price amounted to $1,222 per ton, which is down by -63.4% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 128%. The export price peaked at $3,337 per ton in 2021, and then contracted dramatically 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 Papua New Guinea ($4,205 per ton), while the average price for exports to Fiji ($904 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 Australia (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites; Thiosulphates Imports in New Zealand

In 2022, purchases abroad of sulphites; thiosulphateses decreased by -16.1% to 3.8K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 8% against the previous year. As a result, imports reached the peak of 5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphites; thiosulphates imports amounted to $3M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sulphites; Thiosulphates to New Zealand in 2022:

1. China (1865.7 tons)
2. Thailand (1186.2 tons)
3. Italy (618.7 tons)
4. Australia (31.8 tons)

Sulphites; Thiosulphates Exports in New Zealand

In 2022, the amount of sulphites; thiosulphateses exported from New Zealand declined sharply to 3 tons, dropping by -48.8% compared with the previous year's figure. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -4.5% was in 2021.

In value terms, sulphites; thiosulphates exports reduced dramatically to $3.7K in 2022. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2%. As a result, the exports reached the peak of $20K, and then reduced sharply in the following year.

Top Export Markets for Sulphites; Thiosulphates from New Zealand in 2022:

1. Fiji (1851.0 kg)
2. Vanuatu (1000.0 kg)
3. Australia (106.0 kg)
4. Papua New Guinea (78.0 kg)

Source: IndexBox Market Intelligence Platform