
China - Sulphur - Market Analysis, Forecast, Size, Trends and Insights
Sulphur Price in China Drops 63% to $129 per Ton, Breaking its Upward Trend Recorded over 2022
China Sulphur Import Price in September 2022
In September 2022, the sulphur price amounted to $129 per ton (CIF, China), dropping by -62.5% against the previous month. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 16% against the previous month. The import price peaked at $471 per ton in June 2022; however, from July 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Iran ($169 per ton), while the price for South Korea ($100 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Qatar (-1.5%), while the prices for the other major suppliers experienced a decline.
China Sulphur Imports
In September 2022, purchases abroad of sulphur decreased by -13.2% to 544K tons, falling for the third consecutive month after four months of growth. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 58% against the previous month. Imports peaked at 948K tons in June 2022; however, from July 2022 to September 2022, imports failed to regain momentum.
In value terms, sulphur imports contracted dramatically to $70M (IndexBox estimates) in September 2022. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in March 2022 with an increase of 84% against the previous month. Over the period under review, imports attained the maximum at 447K tons in June 2022; however, from July 2022 to September 2022, imports remained at a lower figure.
China Sulphur Imports by Country
South Korea (90K tons), Iran (88K tons) and Canada (71K tons) were the main suppliers of sulphur imports to China, together comprising 46% of total imports.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest sulphur suppliers to China were Iran ($15M), South Korea ($9M) and Canada ($7.4M), with a combined 45% share of total imports.
In terms of the main suppliers, Iran, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the sulphur market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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