Sulphites; of Sodium Price in Oman - 2021

Contents:

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

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

In 2022, the average sulphites; of sodium import price amounted to $447 per ton, falling by -4.8% against the previous year. In general, the import price showed a noticeable curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $597 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the UK ($1,434 per ton), while the price for India ($266 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average sulphites; of sodium export price amounted to $2,183 per ton, jumping by 15% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium export price increased by +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +4.1% per year.

Sulphites; of Sodium Imports in Oman

In 2022, imports of sulphites; of sodia into Oman rose markedly to 1.2K tons, growing by 7.1% on the year before. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphites; of sodium imports rose modestly to $553K in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of $564K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. United Arab Emirates (514.3 tons)
2. India (317.0 tons)
3. Thailand (151.7 tons)
4. China (150.0 tons)
5. Germany (24.7 tons)
6. Netherlands (22.0 tons)
7. Kuwait (21.2 tons)
8. Indonesia (18.6 tons)

Sulphites; of Sodium Exports in Oman

In 2022, sulphites; of sodium exports from Oman contracted to 1.8 tons, waning by -8.6% against the year before. Overall, exports recorded a sharp descent.

In value terms, sulphites; of sodium exports reached $4K in 2022. Over the period under review, exports showed a precipitous curtailment.

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

1. Qatar (1.8 tons)

Source: IndexBox Market Intelligence Platform