Sulphites; Thiosulphates Price in Uruguay - 2022

Sulphites; Thiosulphates Price in Uruguay (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $745 per ton, jumping by 25% against the previous year. Overall, the import price recorded tangible growth. The most prominent rate of growth was recorded in 2021 an increase of 93%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,316 per ton), while the price for Argentina ($709 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in Uruguay (FOB) - 2022

In 2022, the average sulphites; thiosulphates export price amounted to $399 per ton, reducing by -46.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,128 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +0.1% per year.

Sulphites; Thiosulphates Imports in Uruguay

In 2022, approx. 13K tons of sulphites; thiosulphateses were imported into Uruguay; jumping by 37% compared with 2021 figures. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, sulphites; thiosulphates imports soared to $10M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Sulphites; Thiosulphates in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	341	586	1,314	4,658	139.0%
Argentina	2,276	933	1,445	4,057	21.2%
Germany	250	137	440	522	27.8%
Turkey	95.2	10.6	60.6	300	46.6%
China	66.3	30.7	38.8	246	54.8%
Russia	N/A	N/A	508	N/A	0%
Others	1,023	393	2,026	179	-44.1%
Total	4,051	2,091	5,833	9,962	35.0%

Top Suppliers of Sulphites; Thiosulphates to Uruguay in 2022:

United States (6.4K tons)
Argentina (5.7K tons)
Germany (0.5K tons)
Turkey (0.3K tons)
China (0.3K tons)

Sulphites; Thiosulphates Exports in Uruguay

For the fourth consecutive year, Uruguay recorded growth in overseas shipments of sulphites; thiosulphateses, which increased by 25% to 6.1 tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 574% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sulphites; thiosulphates exports shrank significantly to $2.5K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 184% against the previous year. As a result, the exports reached the peak of $3.6K, and then contracted sharply in the following year.