Organo-Sulphur Compounds And Other Organo-Inorganic Compounds Market

The global market for organo-sulphur compounds and other organo-inorganic compounds is forecasted to grow with an anticipated CAGR of +1.3% in volume and +3.1% in value terms from 2022 to 2030, reaching a market volume of 4.5M tons and a market value of $27.9B by the end of 2030. Brazil, the United States, and Russia were the leading countries in consumption in 2022, while China was the largest producer and exporter. The market saw fluctuations in production and consumption patterns over the years, with imports and exports also showing growth. Organo-inorganic compounds; n.e.s. in heading no. 2930 were the most exported product, with China being the largest exporter. The average import price for organo-sulphur compounds and other organo-inorganic compounds increased in 2022, with significant price variations by country.

Market Forecast

Driven by increasing demand for organo-sulphur compounds and other organo-inorganic compounds worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 4.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $27.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

In 2022, global consumption of organo-sulphur compounds and other organo-inorganic compounds totaled 4M tons, growing by 4.7% on 2021. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of 4.5M tons. From 2015 to 2022, the growth of the global consumption of failed to regain momentum.

The size of the market for organo-sulphur compounds and other organo-inorganic compounds worldwide skyrocketed to $21.9B in 2022, surging by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Brazil (661K tons), the United States (494K tons) and Russia (212K tons), together accounting for 34% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of compounds, amongst the leading consuming countries, was attained by the United States (with a CAGR of +13.9%), while compounds for the other global leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds markets worldwide were Brazil ($3.6B), the United States ($3.4B) and the UK ($1.2B), with a combined 38% share of the global market.

In terms of the main consuming countries, the United States, with a CAGR of +15.5%, recorded the highest rates of growth with regard to market size over the period under review, while compounds for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of organo-sulphur compounds and other organo-inorganic compounds per capita consumption in 2022 were Belgium (7.1 kg per person), Argentina (3.9 kg per person) and Spain (3.9 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of compounds, amongst the leading consuming countries, was attained by the United States (with a CAGR of +13.1%), while compounds for the other global leaders experienced more modest paces of growth.

Production

World Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Global production of organo-sulphur compounds and other organo-inorganic compounds amounted to 3.3M tons in 2022, rising by 3.7% on the year before. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11%. As a result, production attained the peak volume of 3.9M tons. From 2015 to 2022, global production of growth failed to regain momentum.

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds reached $18.1B in 2022 estimated in export price. Over the period under review, production, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 117% against the previous year. Global production peaked at $276.7B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of production of organo-sulphur compounds and other organo-inorganic compounds was China (1.4M tons), comprising approx. 42% of total volume. Moreover, production of organo-sulphur compounds and other organo-inorganic compounds in China exceeded the figures recorded by the second-largest producer, the United States (483K tons), threefold. The third position in this ranking was held by Japan (213K tons), with a 6.4% share.

In China, production of organo-sulphur compounds and other organo-inorganic compounds expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.8% per year) and Japan (-0.4% per year).

Imports

World Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

In 2022, overseas purchases of organo-sulphur compounds and other organo-inorganic compounds increased by 4.3% to 4.3M tons, rising for the sixth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 8.4%. Over the period under review, global imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $23.9B in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

Brazil (563K tons) and the United States (537K tons) represented roughly 25% of total imports in 2022. China (286K tons) took a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.8%). The following importers - Spain (191K tons), Argentina (182K tons), India (166K tons), Germany (145K tons), the Netherlands (141K tons), South Korea (132K tons), Japan (104K tons), Russia (104K tons) and Indonesia (85K tons) - together made up 29% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brazil (with a CAGR of +10.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($3.9B), Brazil ($3.2B) and China ($1.4B) constituted the countries with the highest levels of imports in 2022, with a combined 35% share of global imports.

Brazil, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, organo-sulphur compounds (2.4M tons), distantly followed by organo-inorganic compounds; n.e.s. in heading no. 2930 (2M tons) were the main types of organo-sulphur compounds and other organo-inorganic compounds, together making up 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main imported products, was attained by organo-inorganic compounds; n.e.s. in heading no. 2930 (with a CAGR of +4.8%).

In value terms, the largest types of imported organo-sulphur compounds and other organo-inorganic compounds were organo-inorganic compounds; n.e.s. in heading no. 2930 ($13.9B) and organo-sulphur compounds ($10.2B).

Organo-inorganic compounds; n.e.s. in heading no. 2930, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main imported products over the period under review.

Import Prices By Type

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $5,512 per ton in 2022, growing by 26% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was organo-inorganic compounds; n.e.s. in heading no. 2930 ($6,965 per ton), while the price for organo-sulphur compounds amounted to $4,289 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by organo-inorganic compounds; n.e.s. in heading no. 2930 (+3.8%).

Import Prices By Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $5,512 per ton in 2022, picking up by 26% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($8,341 per ton), while Spain ($3,009 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

In 2022, approx. 3.7M tons of organo-sulphur compounds and other organo-inorganic compounds were exported worldwide; surging by 3.2% against the year before. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 17%. Over the period under review, the global exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds soared to $21B in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the global exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports By Country

China represented the largest exporting country with an export of about 1.6M tons, which amounted to 43% of total exports. The United States (526K tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Japan (7.1%), Germany (5.9%) and Belgium (4.7%). Malaysia (157K tons), France (152K tons), India (119K tons), the Netherlands (78K tons), the UK (77K tons) and Thailand (69K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compounds and other organo-inorganic compounds exports from China stood at +6.6%. At the same time, Malaysia (+47.9%), Thailand (+19.9%), India (+12.8%) and Japan (+3.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +47.9% from 2012-2022. Belgium, France, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the United States (-2.0%) and the UK (-3.4%) illustrated a downward trend over the same period. While the share of China (+14 p.p.), Malaysia (+4.2 p.p.) and India (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the UK (-1.6 p.p.), Germany (-1.8 p.p.) and the United States (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($10.1B) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier worldwide, comprising 48% of global exports. The second position in the ranking was held by the United States ($2.5B), with a 12% share of global exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+0.8% per year) and Germany (+1.2% per year).

Exports By Type

In 2022, organo-inorganic compounds; n.e.s. in heading no. 2930 (1.9M tons), followed by organo-sulphur compounds (1.8M tons) were the major types of organo-sulphur compounds and other organo-inorganic compounds, together making up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by organo-inorganic compounds; n.e.s. in heading no. 2930 (with a CAGR of +3.8%).

In value terms, organo-inorganic compounds; n.e.s. in heading no. 2930 ($12.8B) and organo-sulphur compounds ($8.3B) appeared to be the products with the highest levels of exports in 2022.

Organo-inorganic compounds; n.e.s. in heading no. 2930, with a CAGR of +7.7%, saw the highest growth rate of the value of exports, in terms of the main exported products over the period under review.

Export Prices By Type

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $5,725 per ton, increasing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exported products. In 2022, the product with the highest price was organo-inorganic compounds; n.e.s. in heading no. 2930 ($6,842 per ton), while the average price for exports of organo-sulphur compounds stood at $4,593 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by organo-inorganic compounds; n.e.s. in heading no. 2930 (+3.8%).

Export Prices By Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $5,725 per ton in 2022, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the average export price increased by 22% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($7,926 per ton), while Thailand ($2,485 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform