Organo-Sulphur Compounds; Methionine Price in the United States - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in the United States (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Imports in the United States
Organo-Sulphur Compounds; Methionine Price in the United States (CIF) - 2023
In August 2023, the average organo-sulphur compounds; methionine import price amounted to $2,412 per ton, falling by -2.3% against the previous month. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 31% against the previous month. Over the period under review, average import prices attained the maximum at $9,760 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Singapore ($2,626 per ton) and Belgium ($2,460 per ton), while the price for China ($2,118 per ton) and Malaysia ($2,200 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in the United States
For the third consecutive year, the United States recorded decline in purchases abroad of organo-sulphur compounds; methionines, which decreased by -39.7% to 8.7K tons in 2022. Overall, imports faced a significant contraction. The smallest decline of -6.9% was in 2020.
In value terms, organo-sulphur compounds; methionine imports reduced dramatically to $26M in 2022. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of $63M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Organo-Sulphur Compounds; Methionine in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.0 | 5.9 | 15.7 | 12.0 | 10.1% |
| Japan | 26.8 | 42.2 | 6.7 | 5.8 | -40.0% |
| Belgium | N/A | 3.4 | 6.2 | 4.0 | 8.5% |
| China | 4.6 | 1.1 | 15.6 | 2.5 | -18.4% |
| Singapore | N/A | N/A | 0.6 | 1.9 | 216.7% |
| France | 11.6 | 10.3 | 0.6 | 0.2 | -74.2% |
| Others | 0.2 | 0.1 | 0.7 | N/A | 87.1% |
| Total | 52.2 | 63.0 | 46.1 | 26.5 | -20.2% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to the United States in 2022:
- Malaysia (4.9K tons)
- Belgium (1.3K tons)
- Japan (1.1K tons)
- China (0.7K tons)
- Singapore (0.6K tons)
- France (0.1K tons)
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