Price for Sulphites; Other than of Sodium in Australia - 2024

Contents:

1. Price for Sulphites; Other than of Sodium in Australia (CIF) - 2022
2. Price for Sulphites; Other than of Sodium in Australia (FOB) - 2022
3. Imports of Sulphites; Other than of Sodium in Australia
4. Exports of Sulphites; Other than of Sodium in Australia

Price for Sulphites; Other than of Sodium in Australia (CIF) - 2022

The average import price for sulphites; other than of sodia stood at $2,149 per ton in 2022, increasing by 41% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; other than of sodium import price increased by +21.5% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,337 per ton), while the price for the UK ($958 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sulphites; Other than of Sodium in Australia (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $1,400 per ton, waning by -23.5% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 726%. As a result, the export price attained the peak level of $16,344 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Fiji amounted to +24.0% per year.

Imports of Sulphites; Other than of Sodium in Australia

Sulphites; other than of sodium imports into Australia was estimated at 690 tons in 2022, growing by 7.6% on 2021 figures. The total import volume increased at an average annual rate of +5.8% over the period 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 23%. As a result, imports attained the peak of 717 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphites; other than of sodium imports skyrocketed to $1.5M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sulphites; Other than of Sodium to Australia in 2022:

1. Italy (227.4 tons)
2. United Kingdom (141.3 tons)
3. Thailand (137.7 tons)
4. Singapore (103.0 tons)
5. France (59.2 tons)
6. Spain (17.5 tons)

Exports of Sulphites; Other than of Sodium in Australia

In 2022, exports of sulphites; other than of sodia from Australia contracted notably to 25 tons, waning by -34.3% compared with the previous year. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 342% against the previous year. As a result, the exports reached the peak of 39 tons, and then dropped rapidly in the following year.

In value terms, sulphites; other than of sodium exports contracted remarkably to $36K in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 472% against the previous year. As a result, the exports reached the peak of $143K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Sulphites; Other than of Sodium from Australia in 2022:

1. New Zealand (25.5 tons)

Source: IndexBox Market Intelligence Platform