Sulphites; Thiosulphates Price in Hong Kong SAR - 2023

Contents:

1. Sulphites; Thiosulphates Price in Hong Kong SAR (CIF) - 2022
2. Sulphites; Thiosulphates Price in Hong Kong SAR (FOB) - 2022
3. Sulphites; Thiosulphates Imports in Hong Kong SAR
4. Sulphites; Thiosulphates Exports in Hong Kong SAR

Sulphites; Thiosulphates Price in Hong Kong SAR (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $469 per ton, jumping by 70% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 87%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,395 per ton), while the price for China ($361 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in Hong Kong SAR (FOB) - 2022

In 2022, the average sulphites; thiosulphates export price amounted to $4,838 per ton, jumping by 34% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 206% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($50,520 per ton), while the average price for exports to China stood at $3,974 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites; Thiosulphates Imports in Hong Kong SAR

In 2022, the amount of sulphites; thiosulphateses imported into Hong Kong SAR fell significantly to 639 tons, which is down by -67.2% compared with the previous year's figure. Over the period under review, imports saw a dramatic descent. The smallest decline of -28.1% was in 2021.

In value terms, sulphites; thiosulphates imports contracted rapidly to $300K in 2022. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $538K, and then reduced markedly in the following year.

Top Suppliers of Sulphites; Thiosulphates to Hong Kong SAR in 2022:

1. China (515.3 tons)
2. Italy (62.8 tons)
3. Macao SAR (34.0 tons)
4. Taiwan (Chinese) (22.2 tons)

Sulphites; Thiosulphates Exports in Hong Kong SAR

In 2022, overseas shipments of sulphites; thiosulphateses decreased by -74.2% to 2.7 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 153% against the previous year. As a result, the exports attained the peak of 53 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphites; thiosulphates exports dropped dramatically to $13K in 2022. Over the period under review, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 315%. As a result, the exports reached the peak of $62K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Sulphites; Thiosulphates from Hong Kong SAR in 2022:

1. China (2.6 tons)
2. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform