Sulphites; of Sodium Price in Malaysia - 2021

Contents:

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

Sulphites; of Sodium Price in Malaysia (CIF) - 2022

The average sulphites; of sodium import price stood at $664 per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($943 per ton), while the price for Indonesia ($540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Malaysia (FOB) - 2022

The average sulphites; of sodium export price stood at $524 per ton in 2022, falling by -25.2% against the previous year. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The export price peaked at $880 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,095 per ton), while the average price for exports to Indonesia ($289 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 Vietnam (-0.9%), while the prices for the other major destinations experienced a decline.

Sulphites; of Sodium Imports in Malaysia

For the third year in a row, Malaysia recorded decline in purchases abroad of sulphites; of sodia, which decreased by -21.1% to 5.3K tons in 2022. Overall, imports saw a abrupt decline. The smallest decline of -7.9% was in 2021.

In value terms, sulphites; of sodium imports contracted modestly to $3.5M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5.9% against the previous year. As a result, imports reached the peak of $3.6M, and then reduced slightly in the following year.

Top Suppliers of Sulphites; of Sodium to Malaysia in 2022:

1. Netherlands (undefinedK tons)
2. China (3.5K tons)
3. Thailand (1.4K tons)
4. Germany (0.2K tons)

Sulphites; of Sodium Exports in Malaysia

Sulphites; of sodium exports from Malaysia surged to 588 tons in 2022, growing by 83% on the previous year. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; of sodium exports soared to $308K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sulphites; of Sodium from Malaysia in 2022:

1. Singapore (334.0 tons)
2. Indonesia (128.6 tons)
3. Thailand (88.1 tons)
4. Vietnam (31.4 tons)

Source: IndexBox Market Intelligence Platform