Sulphites; of Sodium Price in Italy - 2023
Contents:
- Sulphites; of Sodium Price in Italy (FOB) - 2023
- Sulphites; of Sodium Price in Italy (CIF) - 2023
- Sulphites; of Sodium Exports in Italy
- Sulphites; of Sodium Imports in Italy
Sulphites; of Sodium Price in Italy (FOB) - 2023
The average sulphites; of sodium export price stood at $570 per ton in August 2023, dropping by -5.7% against the previous month. Overall, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in October 2022 an increase of 8.6% month-to-month. Over the period under review, the average export prices attained the maximum at $725 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the UK ($1,154 per ton), while the average price for exports to Vietnam ($494 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphites; of Sodium Price in Italy (CIF) - 2023
In August 2023, the average sulphites; of sodium import price amounted to $504 per ton, declining by -20.6% against the previous month. Over the period under review, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in March 2023 an increase of 18% against the previous month. The import price peaked at $765 per ton in September 2022; however, from October 2022 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From August 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +2.4% per month.
Sulphites; of Sodium Exports in Italy
In 2022, sulphites; of sodium exports from Italy dropped modestly to 104K tons, shrinking by -3.6% against the previous year's figure. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of 107K tons, and then reduced slightly in the following year.
In value terms, sulphites; of sodium exports soared to $70M in 2022. Overall, exports, however, enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sulphites; of Sodium in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 6.4 | 9.0 | 17.4 | 39.6% |
| Brazil | 1.9 | 2.0 | 3.0 | 5.7 | 44.2% |
| France | 3.4 | 3.1 | 3.5 | 4.6 | 10.6% |
| Spain | 2.6 | 2.5 | 3.4 | 4.6 | 20.9% |
| Mexico | 2.5 | 1.9 | 3.0 | 3.8 | 15.0% |
| Austria | 1.5 | 1.1 | 1.7 | 3.0 | 26.0% |
| United Kingdom | 2.4 | 1.6 | 1.8 | 2.6 | 2.7% |
| Germany | 1.2 | 1.4 | 1.8 | 2.6 | 29.4% |
| Canada | 0.6 | 0.5 | 0.6 | 1.5 | 35.7% |
| Czech Republic | 0.2 | 0.3 | 0.5 | 1.0 | 71.0% |
| Hungary | 0.4 | 0.5 | 0.5 | 1.0 | 35.7% |
| Slovakia | 0.7 | 0.7 | 0.7 | 1.0 | 12.6% |
| Poland | 0.8 | 0.8 | 0.9 | 0.9 | 4.0% |
| Others | 12.8 | 11.4 | 16.0 | 20.2 | 16.4% |
| Total | 37.5 | 34.2 | 46.5 | 69.9 | 23.1% |
Top Export Markets for Sulphites; of Sodium from Italy in 2022:
- United States (19.5K tons)
- France (12.9K tons)
- Spain (11.8K tons)
- Brazil (6.3K tons)
- Austria (4.8K tons)
- Germany (4.1K tons)
- Mexico (3.7K tons)
- United Kingdom (3.7K tons)
- Slovakia (3.2K tons)
- Czech Republic (3.0K tons)
- Poland (2.5K tons)
- Hungary (1.8K tons)
- Canada (1.7K tons)
Sulphites; of Sodium Imports in Italy
After three years of growth, purchases abroad of sulphites; of sodia decreased by -30.4% to 6K tons in 2022. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of 8.7K tons, and then shrank sharply in the following year.
In value terms, sulphites; of sodium imports shrank to $3.7M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +43.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports attained the peak of $4.2M, and then dropped in the following year.
| Import of Sulphites; of Sodium in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,073 | 1,032 | 1,513 | 1,842 | 19.7% |
| Germany | 1,739 | 1,159 | 2,170 | 1,392 | -7.2% |
| China | 42.9 | 18.2 | 11.2 | 108 | 36.0% |
| Belgium | 41.3 | 167 | 256 | 54.4 | 9.6% |
| Thailand | 118 | 84.0 | 59.9 | 41.8 | -29.2% |
| Austria | N/A | 44.1 | 32.8 | 8.8 | -55.3% |
| Others | 115 | 91.4 | 168 | 267 | 32.4% |
| Total | 3,130 | 2,595 | 4,212 | 3,714 | 5.9% |
Top Suppliers of Sulphites; of Sodium to Italy in 2022:
- Turkey (2986.9 tons)
- Germany (2355.9 tons)
- Belgium (235.6 tons)
- China (103.7 tons)
- Thailand (47.4 tons)
- Austria (45.4 tons)
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