Sodium Sulphate Price Trend Last Quarter:
- United States: 193 USD/MT
- Japan: 110 USD/MT
- Germany: 261 USD/MT
The latest report by IMARC Group, titled "Sodium Sulphate Prices Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the price trend. This report delves into the Price of Sodium Sulphate globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Prices report an invaluable resource for industry stakeholders.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/sodium-sulphate-pricing-report/requestsample
Key Highlights of the Sodium Sulphate Price Trend
The sodium sulphate prices are driven by several key factors across various industries. One of the primary drivers is its extensive use in the detergent and cleaning product industry, where it is used as a filler material to improve product consistency and reduce costs. The growing demand for laundry detergents, majorly in developing regions like Asia-Pacific, where urbanization and rising living standards are increasing the need for household cleaning products, is a major factor contributing to market growth. Another significant driver is its application in the glass manufacturing industry, where sodium sulphate is used as a fining agent to remove air bubbles from molten glass, supporting the rising demand for glass in the construction and automotive sectors.
Factors Affecting Sodium Sulphate Prices Across Regions
North America
In the last quarter, the North American sodium sulphate market experienced mixed conditions. Despite weak demand from industries like detergents and pulp and paper, some expansion in the manufacturing sector was observed. High inventory levels, ongoing destocking, and limited cost support from feedstock sodium chloride drove price declines. Additionally, high interest rates impacted the purchasing power of downstream consumers, contributing to sluggish market growth. The U.S. market saw a similar downward price trend during this period.
Asia-Pacific Region
In line with this, the sodium sulphate market in the APAC region faced a decline in prices during the last quarter, largely due to weak demand from key downstream sectors such as detergents, pulp, and paper. While the supply remained moderate, supported by stable international imports, high inventory levels pressured the market. In Japan, the situation was exacerbated by reduced feedstock sodium chloride support, and a contraction in the manufacturing sector further contributed to the bearish market trend.
Europe Regions
Furthermore, sodium sulphate prices declined in Europe during this quarter due to lower production costs driven by falling natural gas prices. Additionally, high inventory levels led to discounted market pricing. While demand from the international market remained steady, saturated inventories kept prices down. However, Germany stood out with increasing sodium sulphate prices, fueled by rising demand from the cleaning industry. Despite this bullish trend in Germany, the overall market in Europe remained soft, with moderate supply and stable demand. Lower inflation rates contributed to improved market sentiment, though prices were expected to decrease slightly in the upcoming quarter.
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, among other Asian countries.
- 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, among other European countries.
- North America: United States and Canada
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
