Sodium Chlorate Prices December 2023
Product
|
Category |
Region |
Price |
Sodium Chlorate |
Chemical |
USA |
790 USD/MT |
Sodium Chlorate |
Chemical |
China |
695 USD/MT |
Sodium Chlorate |
Chemical |
Germany |
925 USD/MT |
Sodium Chlorate |
Chemical |
Brazil |
725 USD/MT |
The price of sodium chlorate in the United States for Q4 2023 reached 790 USD/MT in December. The prices exhibited a decline, primarily driven by reduced demand from the downstream paper and pulp industry. Despite stable procurement activities in this sector, consumption rates were lower, leading to an increase in inventories.
The price trend for sodium chlorate in China declined reaching USD 695/MT in December 2023. The market was affected by factors such as limited cost support from feedstock sodium chloride, high inventory levels, and lower demand from the international market.
In Germany, sodium chlorate prices reached USD 925/MT in December 2023. The country saw a decline of 12% in sodium chlorate prices compared to the previous quarter, reflecting the subdued market conditions and low demand. Additionally, there was a negative price percentage comparison of -6% between the first and second half of the quarter in Germany.
Brazil’s sodium chlorate prices reached USD 725/MT due to the high level of inventories in the market and increased destocking market activity. Additionally, demand from the downstream industries, such as paper and pulp, was on the lower side. However, there was an increase in procurement activities and demand from the international market due to the arrival of the festival season.
Sodium Chlorate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Sodium Chlorate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium chlorate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of sodium chlorate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium chlorate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing sodium chlorate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Sodium Chlorate Market Analysis
The global sodium chlorate market size reached US$ 3.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.1 Billion, at a projected CAGR of 4.70% during 2023-2032.
- The increasing product adoption in paper and pulp industry is primarily driving the market growth. The demand for paper and paperboard products is surging, fueled by the growth in packaging industries and hygiene-related products. According to a report published by IMARC Group, the global paper packaging market size is expected to reach US$ 535.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.4% during 2024-2032. This growth will continue to escalate the demand for sodium chlorate as it offers superior bleaching outcomes, which is crucial in meeting these industry standards.
- The sodium chlorate demand is further amplified by its utilization in water treatment applications. According to WORLD HEALTH ORGANIZATION (WHO), in 2022, 1.7 billion people used a drinking water source contaminated with faeces. Moreover, microbial contamination of drinking-water as a result of contamination with faeces posed the greatest risk to drinking-water safety. As a result, there is an escalating demand for clean water supply across the globe which is increasing the utilization of sodium chlorate as an oxidizing agent, helping in the eradication of waterborne pathogens, thus ensuring water safety and compliance with environmental standards.
- The market for sodium chlorate is also benefiting from advancements in manufacturing technologies. Modern manufacturing facilities are increasingly adopting electrolysis methods that offer higher yield and purity, which are crucial for the end use industries. Moreover, the shift toward greener and more sustainable manufacturing practices due to the implementation of stringent government regulations is prompting companies to invest in technologies that reduce the environmental impact of sodium chlorate production. Besides, various key players are investing in advanced technologies to expand their market share across the globe. For instance, KEMIRA OYJ signed a long-term agreement with UPM-KYMMENE CORP. The new deal includes the ability to sustain both the currently operating pulp mill in Fray Bentos and the 2.1 million tonne UPM pulp mill that is now being built in Paso de los Toros.
In 2022, the top exporters of sodium chlorate were Canada USD240M, Finland US$50.9M, France US$ 49.2M, United States US$ 38.1M, and Sweden US $35.8M. Moreover, between 2021 and 2022, the exports of sodium chlorate grew the fastest in China US$ 28.8M, United States US$ 11.4M, Sweden US$ 9.23M, Spain US $7.35M, and Uzbekistan US$ 6.04M.
Sodium Chlorate News
The report covers the latest developments, updates, and trends impacting the global sodium chlorate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium chlorate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium chlorate price trend.
Latest developments in the sodium chlorate industry:
- In June 2021, A ten-year agreement was signed between Nouryon and Metsä Fibre, a Metsä Group company. This long-term partnership entails Nouryon supplying sodium chlorate to Metsä Fibre’s new bioproduct mill in Kemi, Finland, signifying a strategic alignment of both companies' growth and sustainability goals.
- In 2020, Erco Worldwide completed a significant capacity expansion of sodium chlorate at its Buckingham plant, increasing production by 5,000 tons per year. Additionally, Erco embarked on a multiyear project to upgrade its Valdosta plant, with the goal of achieving an additional 11,000 tons per year of production capacity.
Product Description
Sodium chlorate, with the chemical formula NaClO3, is a white, odorless, and crystalline solid. It resembles common table salt (sodium chloride) and is water-soluble. It is also a strong oxidant and reacts vigorously with combustible and reducing materials. It is produced through the electrolysis of sodium chloride brine in a chlor-alkali cell, with a high production efficiency rate. It is widely used in various industries, including the pulp and paper sector, explosives, mining activities, and as a chemical intermediate in producing chlorine dioxide. Sodium chlorate is known for its herbicidal properties and is used as a non-selective herbicide to control the growth of unwanted plants. Additionally, it finds applications across surface treatment, chemical synthesis, and various end use industries.
Regional Coverage
The report provides a detailed analysis of the sodium chlorate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium chlorate price trend.
Global Sodium Chlorate Price
The report offers a holistic view of the global sodium chlorate pricing trends in the form of sodium chlorate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium chlorate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium chlorate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Sodium Chlorate Price
In the 4th quarter of 2023, the sodium chlorate market in Europe experienced various factors that influenced prices and market dynamics. Firstly, there was a reduced demand from downstream industries, such as the pulp and paper sector, which results in low to moderate demand for sodium chlorate. This can be attributed to sluggish market activity and limited purchasing activities. Additionally, high inventory levels in the market further restrained market growth and put downward pressure on prices.
This analysis can be extended to include detailed sodium chlorate price information for a comprehensive list of countries.
Region |
Countries Covered |
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 Sodium Chlorate Price
In North America, the sodium chlorate market has witnessed consistent growth due to heightened product demand from downstream derivative businesses. The price trend was primarily affected by the elevating production costs and a strong upstream market. Furthermore, it was influenced by the inadequate product stock and rising spot market purchases.
Specific sodium chlorate historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Sodium chlorate Price
The analysis of sodium chlorate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
In addition to region-wise data, information on sodium chlorate prices for countries can also be provided.
Region |
Countries Covered |
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. |
Asia Pacific Sodium Chlorate Price
The APAC region sodium chlorate market in Q4 2023 witnessed several key factors that influenced prices. Firstly, there was a decline in prices due to limited cost support from feedstock sodium chloride, which resulted in restrained market growth amid elevated inventories. Besides, the demand from the pulp and paper sector remained subdued and sluggish, contributing to the overall market scenario. Moreover, the market experienced heavy destocking activities, leading to a decrease in prices.
This sodium chlorate price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
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. |
Latin America Sodium chlorate Price
In the fourth quarter of 2023, the Latin America market experienced several key factors that impacted prices. The cost of feedstock sodium hydroxide played a minor role in exerting upward pressure on prices. Besides, the stability in energy prices had a more significant impact on overall costs. Moreover, on the supply side, sodium chlorate inventories remained relatively high. However, there was noted resilience in supply, with production operating at lower rates.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Sodium Chlorate |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Sodium Chlorate Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
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*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of sodium chlorate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting sodium chlorate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium chlorate price charts ensure our clients remain at the forefront of the industry.