Sulphites; of Sodium Price in Saudi Arabia - 2021

Contents:

1. Sulphites; of Sodium Price in Saudi Arabia (CIF) - 2022
2. Sulphites; of Sodium Price in Saudi Arabia (FOB) - 2022
3. Sulphites; of Sodium Imports in Saudi Arabia
4. Sulphites; of Sodium Exports in Saudi Arabia

Sulphites; of Sodium Price in Saudi Arabia (CIF) - 2022

The average sulphites; of sodium import price stood at $470 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $690 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($549 per ton) and Italy ($513 per ton), while the price for Turkey ($382 per ton) and China ($434 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Sulphites; of Sodium Price in Saudi Arabia (FOB) - 2022

The average sulphites; of sodium export price stood at $997 per ton in 2022, falling by -3.6% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. The export price peaked at $1,274 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($1,311 per ton), while the average price for exports to South Africa ($810 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in Saudi Arabia

In 2022, after two years of decline, there was significant growth in purchases abroad of sulphites; of sodia, when their volume increased by 63% to 9.3K tons. Overall, imports, however, continue to indicate a precipitous slump.

In value terms, sulphites; of sodium imports skyrocketed to $4.4M in 2022. Over the period under review, imports, however, saw a sharp contraction.

Top Suppliers of Sulphites; of Sodium to Saudi Arabia in 2022:

1. China (2.9K tons)
2. Thailand (2.8K tons)
3. Turkey (1.5K tons)
4. Germany (1.3K tons)
5. Italy (0.8K tons)

Sulphites; of Sodium Exports in Saudi Arabia

In 2022, overseas shipments of sulphites; of sodia decreased by -2.4% to 169 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 600%.

In value terms, sulphites; of sodium exports fell to $168K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 958% against the previous year.

Top Export Markets for Sulphites; of Sodium from Saudi Arabia in 2022:

1. United Arab Emirates (92.0 tons)
2. India (37.7 tons)
3. Tanzania (15.9 tons)
4. South Africa (11.9 tons)
5. Bahrain (7.4 tons)

Source: IndexBox Market Intelligence Platform