Sodium Metabisulfite Prices

Sodium Metabisulfite Prices December 2023

The prices of sodium metabisulfite in the USA for Q4 2023 reached 808 USD/MT in December. The market grappled with economic issues that dampened consumer spending in the latter half of the year. Suppliers adjusted their procurement strategies, which eventually helped stabilize prices despite ongoing challenges in maintaining demand levels.

The price trend for sodium metabisulfite in China for Q4 2023, reached 329 USD/MT in December. The market began the latter half of the year on a positive note due to suitable exchange rates and strong export gains. However, overstocking by suppliers led to a subsequent price dip as inventory levels exceeded demand expectations.

The sodium metabisulfite prices in Germany reached 818 USD/MT in December 2023. The country experienced fluctuating costs in the latter half of the year, with the initial economic recovery giving way to weaker demand in key industries. This caused prices to decline in Q4, despite occasional upward movements.

Sodium Metabisulfite Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Metabisulfite Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium metabisulfite 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 metabisulfite at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium metabisulfite price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium metabisulfite 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 Metabisulfite Market Analysis

The global Sodium metabisulfite market size reached US$ 202.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 316.85 Million, at a projected CAGR of 5.10% during 2023-2032.

• Sodium metabisulfite is rapidly being leveraged in the food and beverage (F&B) sector for its antioxidant property and preservative action. Furthermore, increasing prevalence of diseases and deaths due to food contamination and spoilage has spurred the demand for sodium metabisulfite as it exhibits antimicrobial activity. According to WHO, approximately 600 million people fall ill due to the consumption of contaminated food, while 420,000 people die annually. Moreover, an annual loss of USD 110 billion is recorded due to medical expenses associated with unsafe food. Children below the age of 5 are found to carry 40% of the foodborne disease, resulting in annual deaths of 125,000.
• Sodium metabisulfite demand is further bolstered by the water treatment plants where it is requisite to remove excess amount of chlorine. The increasing awareness about adverse effects of untreated wastewater on health and environment has escalated the demand for safe and clean water, which further benefits the sodium metabisulfite market. According to a study published in the journal Chemosphere, approximately 380 trillion liters of wastewater is generated worldwide, while only 24% of the industry and household wastewater is treated before its disposal. According to the UN Environment Programme, approximately 30 million hectares of land is adversely affected by the untreated wastewater. Furthermore, according to WHO, approximately 1 million people die annually due to drinking unsafe water, resulting in diarrhea.
• The robust expansion of the pharmaceutical sector due to increasing aging population segment and healthcare requirements aids in propelling the sodium metabisulfite market. According to WHO, by the year 2050, the number of individuals aging 60 years or above will reach approximately 2.1 billion. It is expected that the number of 80 years or older individuals will reach 426 million in 2050, almost triple to the numbers in the year 2020.  Sodium metabisulfite has a critical role in this sector as it is extensively employed in injectable medications as an excipient According to a research article published in the Journal of Pharmaceutical Innovation, sodium metabisulfite effectively assists in maintaining the drug stability and prevents rapid drug degradation. This aids in long-term storage of medications.
• Additionally, sodium metabisulfite is a potent bleaching agent, which makes it an integral chemical component for the textile industry. The propelling textile and apparel market significantly influences the market dynamics for sodium metabisulfite. According to the UN Environment Programme, apparel and textile sector accounts for global USD 1.5 trillion revenue.

Sodium Metabisulfite News

The report covers the latest developments, updates, and trends impacting the global sodium metabisulfite 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 metabisulfite production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium metabisulfite price trend.

Latest developments in the sodium metabisulfite industry:

• In June 2024, Aditya Birla Group, a widely known manufacturer of sulfite chemicals, announced an investment of USD 50 million to set up a R&D and manufacturing facility in the US for the expansion of its chemicals business. To launch the first phase of the expansion project, a land has been acquired by the company in Texas.
• In March 2024, Solvay SA, a leading producer of sodium metabisulfite and other essential chemicals, announced the completion of its inaugural bond transaction placement. This transaction will strengthen the company's capital structure and will provide financial stability for smooth execution of the business strategies.

Product Description

Sodium metabisulfite, molecular formula Na₂S₂O₅, is generally employed as an antioxidant and preservative. It is one of the most extensively leveraged chemical compound that is available in the form of white powder with a crystalline texture. Sodium metabisulfite readily dissolves in water to release sulfur dioxide gas and act as an antimicrobial chemical. Various sectors heavily depend on sodium metabisulfite for its versatile applications. The food and beverage sector primarily utilize it to extend the products’ shelf life by preventing discoloration and spoilage. Additionally, its property to dechlorinate water makes it requisite in the water treatment plants. Sodium metabisulfite can also be employed as an excipient to maintain the potency and stability of medications, especially injectable medications. Consequently, it plays a critical role in the pharmaceutical sector.

Sodium metabisulfite is widely utilized as a bleaching agent, particularly in the textile industry. Due to its versatile profile, it can also be employed for ore processing in the mining sector. Although it is widely used for numerous applications, health and environment concerns generate challenges for its market, compelling the industries to seek sustainable and safe alternatives. Nonetheless, sodium metabisulfite remains a crucial chemical in guaranteeing product safety and quality across various sectors.

Regional Coverage

The report provides a detailed analysis of the sodium metabisulfite 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 metabisulfite price trend.

Global Sodium Metabisulfite Price

The report offers a holistic view of the global sodium metabisulfite pricing trends in the form of sodium metabisulfite 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 the current price but also provides insights into sodium metabisulfite historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sodium metabisulfite 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 metabisulfite 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 Metabisulfite Price

The market in Europe experienced significant fluctuations. Initially, prices were influenced by economic improvements, which spurred a short-lived recovery in Q3. Despite this, the overall demand from industries such as paper and bleaching remained lackluster, leading to a decline in prices by Q4. Sporadic price spikes were noted, but the general trend stayed downward as market conditions failed to stabilize.

This analysis can be extended to include detailed sodium metabisulfite price information for a comprehensive list of countries.

North America Sodium Metabisulfite Price

The market in North America saw challenges maintaining steady pricing due to economic uncertainties affecting consumer purchasing capabilities. In response, suppliers adopted cautious behaviors and conservative procurement strategies, gradually correcting the supply-demand imbalance toward the end of the year. This led to a slight stabilization in market prices, though the overall demand continued to struggle, with industries remaining cautious in their buying patterns amid ongoing economic concerns.

Specific sodium metabisulfite historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Metabisulfite Price

The report explores the sodium metabisulfite pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium metabisulfite prices for countries can also be provided.

Asia Pacific Sodium Metabisulfite Price

The market in the Asia Pacific region saw mixed pricing trends due to fluctuating supply and demand. Initially, the market experienced a boost, partly driven by a weaker US dollar, which increased export profitability. However, as suppliers increased stock levels in anticipation of continued demand, the market soon faced downward pressure due to inventory buildup outpacing demand growth. This led to varied market sentiment throughout the period.

This sodium metabisulfite price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Metabisulfite Price

The analysis of sodium metabisulfite 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.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium metabisulfite 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 metabisulfite 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 metabisulfite price charts ensure our clients remain at the forefront of the industry.