Sulphites; of Sodium Price in Denmark - 2023

Contents:

1. Sulphites; of Sodium Price in Denmark (CIF) - 2023
2. Sulphites; of Sodium Price in Denmark (FOB) - 2022
3. Sulphites; of Sodium Imports in Denmark
4. Sulphites; of Sodium Exports in Denmark

Sulphites; of Sodium Price in Denmark (CIF) - 2023

The average sulphites; of sodium import price stood at $712 per ton in July 2023, rising by 2.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $881 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,200 per ton), while the price for Germany ($648 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphites; of Sodium Price in Denmark (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $684 per ton, flattening at the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of 50%. The export price peaked at $1,659 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($6,044 per ton), while the average price for exports to France ($402 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 Greenland (+26.5%), while the prices for the other major destinations experienced a decline.

Sulphites; of Sodium Imports in Denmark

In 2022, overseas purchases of sulphites; of sodia decreased by -7.2% to 3.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 25%. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphites; of sodium imports skyrocketed to $2.1M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sulphites; of Sodium to Denmark in 2022:

1. Germany (1897.2 tons)
2. Spain (537.9 tons)
3. Italy (408.5 tons)
4. Sweden (99.7 tons)
5. Turkey (74.2 tons)

Sulphites; of Sodium Exports in Denmark

For the fourth consecutive year, Denmark recorded growth in overseas shipments of sulphites; of sodia, which increased by 4.6% to 787 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphites; of sodium exports rose to $539K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 94% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Norway (214.9 tons)
2. Sweden (95.4 tons)
3. Finland (26.3 tons)
4. Ireland (19.3 tons)
5. China (11.7 tons)
6. France (7.9 tons)
7. Faroe Islands (1.5 tons)

Source: IndexBox Market Intelligence Platform