Price for Sodium Sulphates; Disodium Sulphate in Hong Kong SAR - 2023
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (CIF) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (FOB) - 2022
- Imports of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR
- Exports of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR
Price for Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (CIF) - 2022
The average sodium sulphates; disodium sulphate import price stood at $1,773 per ton in 2022, jumping by 330% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 571%. Over the period under review, average import prices hit record highs at $8,310 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +42.1% per year.
Price for Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $114 per ton, falling by -6.3% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $493 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($269 per ton), while the average price for exports to Thailand ($93 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 Indonesia (+33.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR
Sodium sulphates; disodium sulphate imports into Hong Kong SAR dropped dramatically to 475 kg in 2022, reducing by -98.1% on the previous year's figure. Over the period under review, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 3,093% against the previous year.
In value terms, sodium sulphates; disodium sulphate imports shrank remarkably to $842 in 2022. In general, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,223%.
| Import of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Spain | 2.8 | 0.1 | 0.1 | N/A | -81.1% |
| Japan | 8.7 | 0.6 | 9.9 | N/A | 6.7% |
| China | 0.3 | N/A | 0.4 | N/A | 15.5% |
| Others | 2.9 | N/A | 0.2 | N/A | -73.7% |
| Total | 14.7 | 0.8 | 10.6 | 0.8 | -62.1% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to Hong Kong SAR in 2022:
- United Kingdom (475.0 kg)
Exports of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR
Sodium sulphates; disodium sulphate exports from Hong Kong SAR surged to 18K tons in 2022, growing by 35% on 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 520% against the previous year. As a result, the exports reached the peak of 23K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sodium sulphates; disodium sulphate exports skyrocketed to $2.1M in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 377%. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sodium Sulphates; Disodium Sulphate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 126 | 543 | 289 | 845 | 88.6% |
| Bangladesh | 145 | 404 | 151 | 376 | 37.4% |
| Costa Rica | 47.9 | 157 | 69.0 | 203 | 61.8% |
| Brazil | 18.7 | 117 | 51.0 | 149 | 99.7% |
| Nigeria | 38.3 | 121 | 51.4 | 146 | 56.2% |
| Cambodia | 18.9 | 121 | 34.0 | 110 | 79.9% |
| Sri Lanka | 17.4 | 142 | 27.0 | 110 | 84.9% |
| India | 59.8 | 242 | 50.9 | 19.9 | -30.7% |
| Guatemala | N/A | 306 | 536 | N/A | 75.2% |
| Indonesia | N/A | 217 | 9.6 | N/A | -95.6% |
| Tanzania | 46.5 | 92.2 | 14.7 | N/A | -43.8% |
| Others | 6.6 | 39.5 | 343 | 107 | 153.1% |
| Total | 525 | 2,502 | 1,627 | 2,065 | 57.9% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from Hong Kong SAR in 2022:
- Thailand (9.1K tons)
- Bangladesh (3.2K tons)
- Nigeria (1.2K tons)
- Brazil (1.1K tons)
- Cambodia (1.0K tons)
- Costa Rica (0.8K tons)
- Sri Lanka (0.8K tons)
- India (0.2K tons)
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