Organo-Sulphur Compounds; Methionine Price in the UK - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in the UK (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in the UK (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in the UK
- Organo-Sulphur Compounds; Methionine Exports in the UK
Organo-Sulphur Compounds; Methionine Price in the UK (CIF) - 2023
The average organo-sulphur compounds; methionine import price stood at $2,316 per ton in June 2023, falling by -7.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 16% month-to-month. As a result, import price reached the peak level of $3,175 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Belgium ($2,253 per ton) and Germany ($2,139 per ton), while the price for France ($2,045 per ton) and China ($2,075 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (-2.7%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in the UK (FOB) - 2022
In 2022, the average organo-sulphur compounds; methionine export price amounted to $3,471 per ton, picking up by 11% against the previous year. In general, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $5,680 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($56,880 per ton), while the average price for exports to Ireland ($3,008 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 the Netherlands (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.
Organo-Sulphur Compounds; Methionine Imports in the UK
Organo-sulphur compounds; methionine imports into the UK rose notably to 17K tons in 2022, surging by 13% compared with 2021. Overall, imports saw a relatively flat trend pattern.
In value terms, organo-sulphur compounds; methionine imports soared to $51M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Organo-Sulphur Compounds; Methionine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 18.4 | 17.1 | 17.5 | 21.2 | 4.8% |
| Germany | 11.3 | 12.3 | 14.9 | 18.3 | 17.4% |
| France | 6.0 | 8.6 | 4.5 | 7.6 | 8.2% |
| Netherlands | 0.3 | 0.7 | 1.2 | 1.4 | 67.1% |
| Others | 1.8 | 1.2 | 2.2 | 2.2 | 6.9% |
| Total | 37.9 | 40.0 | 40.3 | 50.7 | 10.2% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to the UK in 2022:
- Belgium (7.7K tons)
- Germany (5.8K tons)
- France (2.9K tons)
- Netherlands (0.4K tons)
Organo-Sulphur Compounds; Methionine Exports in the UK
After three years of growth, shipments abroad of organo-sulphur compounds; methionines decreased by -15.9% to 1.4K tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 12% against the previous year.
In value terms, organo-sulphur compounds; methionine exports reduced to $4.9M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
| Export of Organo-Sulphur Compounds; Methionine in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,065 | 2,792 | 3,530 | 3,095 | 14.4% |
| Iran | 90.0 | 232 | 571 | 501 | 77.2% |
| United States | 119 | 184 | 407 | 356 | 44.1% |
| Nigeria | 661 | 183 | 181 | 294 | -23.7% |
| Belgium | 79.8 | 404 | 1.3 | 139 | 20.3% |
| Others | 296 | 525 | 588 | 529 | 21.4% |
| Total | 3,310 | 4,320 | 5,278 | 4,914 | 14.1% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from the UK in 2022:
- Ireland (1028.9 tons)
- Iran (162.5 tons)
- Nigeria (97.6 tons)
- Belgium (42.5 tons)
- United States (26.1 tons)
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