Sulphites; Thiosulphates Price in Venezuela - 2022

Sulphites; Thiosulphates Price in Venezuela (CIF) - 2022

The average sulphites; thiosulphates import price stood at $1,035 per ton in 2022, increasing by 40% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +78.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,000 per ton), while the price for Ecuador ($253 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in Venezuela (FOB) - 2022

In 2022, the average sulphites; thiosulphates export price amounted to $1,301 per ton, which is down by -2.8% against the previous year. In general, the export price, however, recorded a moderate increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 28%. As a result, the export price attained the peak level of $1,416 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +3.8% per year.

Sulphites; Thiosulphates Imports in Venezuela

In 2022, imports of sulphites; thiosulphateses into Venezuela surged to 409 tons, jumping by 15% against the previous year. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 423 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphites; thiosulphates imports skyrocketed to $424K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sulphites; Thiosulphates in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	114	142	153	249	29.7%
Germany	73.2	90.0	96.5	155	28.4%
China	3.6	2.7	0.5	3.5	-0.9%
Others	10.7	11.6	12.9	16.3	15.1%
Total	201	246	263	424	28.2%

Top Suppliers of Sulphites; Thiosulphates to Venezuela in 2022:

Peru (306.7 tons)
Germany (77.5 tons)
China (7.8 tons)

Sulphites; Thiosulphates Exports in Venezuela

Sulphites; thiosulphates exports from Venezuela contracted to 4.4 tons in 2022, with a decrease of -10.1% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The smallest decline of -10.1% was in 2020.

In value terms, sulphites; thiosulphates exports reduced to $5.7K in 2022. In general, exports recorded a deep setback. The smallest decline of -12.6% was in 2021.