Sulphites; Thiosulphates Price in Portugal - 2023

Contents:

1. Sulphites; Thiosulphates Price in Portugal (CIF) - 2022
2. Sulphites; Thiosulphates Price in Portugal (FOB) - 2023
3. Sulphites; Thiosulphates Imports in Portugal
4. Sulphites; Thiosulphates Exports in Portugal

Sulphites; Thiosulphates Price in Portugal (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $630 per ton, surging by 25% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the peak figure at $718 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Spain ($861 per ton), while the price for Italy ($353 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced a decline.

Sulphites; Thiosulphates Price in Portugal (FOB) - 2023

In August 2023, the average sulphites; thiosulphates export price amounted to $472 per ton, waning by -49% against the previous month. Over the period under review, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in October 2022 an increase of 98% against the previous month. As a result, the export price reached the peak level of $1,538 per ton. From November 2022 to August 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Angola ($601 per ton), while the average price for exports to Spain amounted to $448 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-2.2%).

Sulphites; Thiosulphates Imports in Portugal

In 2022, after three years of growth, there was significant decline in overseas purchases of sulphites; thiosulphateses, when their volume decreased by -17.3% to 9.8K tons. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +37.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports attained the peak of 12K tons, and then shrank notably in the following year.

In value terms, sulphites; thiosulphates imports expanded slightly to $6.2M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Sulphites; Thiosulphates to Portugal in 2022:

1. Spain (3.6K tons)
2. Italy (3.2K tons)
3. Germany (1.5K tons)
4. Turkey (0.9K tons)
5. China (0.2K tons)
6. France (0.1K tons)

Sulphites; Thiosulphates Exports in Portugal

In 2022, after three years of growth, there was significant decline in shipments abroad of sulphites; thiosulphateses, when their volume decreased by -18.4% to 1.5K tons. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year.

In value terms, sulphites; thiosulphates exports declined dramatically to $806K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +48.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $1.1M, and then fell remarkably in the following year.

Top Export Markets for Sulphites; Thiosulphates from Portugal in 2022:

1. Spain (1427.0 tons)
2. Mozambique (16.0 tons)

Source: IndexBox Market Intelligence Platform