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on May 17, 2024
The latest report by IMARC, titled "Sodium Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Sodium Sulphate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Sodium Sulphate Prices December 2023:
- United States: 193 USD/MT
- Japan: 110 USD/MT
- Germany: 261 USD/MT
Report Offering:
- Monthly Updates - Annual Subscription
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- Biannually Updates - Annual Subscription
The study delves into the factors affecting Sodium Sulphate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/sodium-sulphate-pricing-report/requestsample
Sodium Sulphate Price Trend- Q4 2023
The market growth of sodium sulphate is driven by its widespread use in the manufacture of detergents, textiles, and paper products significantly contributes to its demand. In the detergent industry, Sodium Sulphate is utilized as a filler, enhancing the effectiveness of the detergents without substantially increasing production costs. This application is crucial in regions where there is a high volume of detergent production, such as Asia and North America. Another significant driver is the growth of the global textiles industry, where Sodium Sulphate is employed in the dyeing process as a leveling agent to promote uniform colour. The ongoing expansion of textile manufacturing, particularly in emerging economies with growing populations and increasing urbanization, supports the steady demand for Sodium Sulphate. Additionally, the glass industry contributes to its market growth by using Sodium Sulphate as a fining agent to remove small air bubbles from molten glass, thus ensuring higher quality glass production. Environmental regulations also play a role, as Sodium Sulphate is considered a more environmentally benign alternative compared to other salts used in similar applications. This aspect is increasingly important as industries face stricter environmental compliance standards. These factors ensure that Sodium Sulphate remains a vital component in various industrial processes, maintaining its steady market growth.
The global sodium sulphate market size reached US$ 1.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.9 Billion, at a projected CAGR of 4.30% during 2023-2032. In the fourth quarter of 2023, the Sodium Sulphate market in North America faced several challenges that impacted pricing and market dynamics. Key among these factors was the overall weak demand from significant downstream industries such as detergents, pulp, and paper. These sectors typically drive consumption of Sodium Sulphate due to its usage as a filler and processing agent. The sluggish demand was partly due to economic pressures, including high-interest rates, which reduced purchasing power and slowed down manufacturing activities. This economic environment was reflected in the Purchasing Managers' Index, which indicated a contraction in manufacturing activities. Additionally, an oversupply in the market led to high inventory levels among suppliers, necessitating destocking activities to clear excess supplies. This situation was exacerbated by stable or declining feedstock costs, particularly Sodium Chloride and natural gas, which are essential in the production of Sodium Sulphate. With lower input costs, production remained economically feasible, but the excess supply led to competitive pricing strategies, further driving down market prices.
Similarly, in the Asia-Pacific region, particularly in Japan, the market dynamics for Sodium Sulphate were influenced by a decline in demand from key consumer sectors. The detergent and paper industries, vital consumers of Sodium Sulphate, showed reduced activity, leading to lower consumption rates. This reduced demand contributed to a bearish market, with prices dropping significantly over the quarter. The Japanese market also faced challenges related to feedstock costs and supply chain dynamics. Although there were stable imports, the high inventory levels led to price reductions as suppliers attempted to offload surplus stock. The Purchasing Managers' Index indicated a continuing contraction in the manufacturing sector, aligning with the broader economic slowdown affecting industrial consumption. The lack of significant disruptions in supply, such as plant shutdowns, meant that production levels remained steady, adding to the already high inventory levels and putting additional downward pressure on prices. This combination of high supply and low demand created a challenging market environment, with price reductions seen as a necessary response to stimulate sales and manage inventory levels.
Browse Full Report: https://www.imarcgroup.com/sodium-sulphate-pricing-report
Key Points Covered in the Sodium Sulphate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Sulphate Prices
- Sodium Sulphate Price Trend
- Sodium Sulphate Demand & Supply
- Sodium Sulphate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Sulphate Price Analysis
- Sodium Sulphate Industry Drivers, Restraints, and Opportunities
- Sodium Sulphate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
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Email: [email protected]
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