Sulphites; of Sodium Price in Hong Kong SAR - 2023

Contents:

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

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

In 2022, the average sulphites; of sodium import price amounted to $443 per ton, increasing by 78% against the previous year. Over the period under review, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($1,395 per ton), while the price for China ($342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average sulphites; of sodium export price amounted to $1,052 per ton, approximately reflecting the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2017 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,919 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +11.7% per year.

Sulphites; of Sodium Imports in Hong Kong SAR

In 2022, sulphites; of sodium imports into Hong Kong SAR fell sharply to 581 tons, waning by -69.4% against 2021. In general, imports recorded a sharp descent. The smallest decline of -28.4% was in 2021.

In value terms, sulphites; of sodium imports fell markedly to $257K in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of $474K, and then shrank markedly in the following year.

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

1. China (462.0 tons)
2. Italy (62.9 tons)
3. Macao SAR (34.0 tons)
4. Taiwan (Chinese) (22.2 tons)

Sulphites; of Sodium Exports in Hong Kong SAR

In 2022, sulphites; of sodium exports from Hong Kong SAR surged to 1 tons, growing by 96% compared with the previous year. Overall, exports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. As a result, the exports reached the peak of 50 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphites; of sodium exports soared to $1.1K in 2022. In general, exports, however, recorded a dramatic setback. The pace of growth appeared the most rapid in 2020 when exports increased by 259% against the previous year. As a result, the exports reached the peak of $54K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. China (1.0 tons)

Source: IndexBox Market Intelligence Platform