Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine Market

The article discusses the projected decrease in the market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides, and methionine over the period from 2022 to 2030. It provides insights into consumption patterns, market performance, and forecasts for both volume and value. Key points include the rapid rise in consumption in 2022, the countries with the highest consumption levels, production trends, import and export dynamics, and average prices. The article offers a comprehensive overview of the global market for organo-sulphur compounds, highlighting important statistics and growth rates over the years.

Market Forecast

The market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -3.3% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -2.1% for the period from 2022 to 2030, which is projected to bring the market value to $10.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

In 2022, the amount of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine consumed worldwide rose rapidly to 2.1M tons, increasing by 6.3% compared with 2021. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The revenue of the market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine worldwide totaled $12.4B in 2022, with an increase of 3.2% 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, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 9.8% against the previous year. Over the period under review, the global market hit record highs at $14B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (318K tons), the United States (276K tons) and France (149K tons), together comprising 36% of global consumption.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +7.9%), while methionine for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.9B), India ($1.5B) and China ($1.3B) were the countries with the highest levels of market value in 2022, together accounting for 38% of the global market. Brazil, Germany, France, Japan, Spain, Indonesia, South Korea, Russia, Thailand and Mexico lagged somewhat behind, together comprising a further 30%.

France, with a CAGR of +7.9%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while methionine for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine per capita consumption in 2022 were Spain (3,104 kg per 1000 persons), France (2,199 kg per 1000 persons) and Japan (947 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of methionine, amongst the leading consuming countries, was attained by France (with a CAGR of +7.3%), while methionine for the other global leaders experienced more modest paces of growth.

Production

World Production of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

In 2022, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by 0.6% to 2M tons, rising for the third year in a row after two years of decline. Over the period under review, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 6.7% against the previous year. Over the period under review, global production of hit record highs at 2.3M tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine reached $9.8B in 2022 estimated in export price. Overall, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3.9% against the previous year. Over the period under review, global production of attained the peak level at $11.2B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

China (766K tons) constituted the country with the largest volume of production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine, accounting for 38% of total volume. Moreover, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in China exceeded the figures recorded by the second-largest producer, the United States (293K tons), threefold. Japan (274K tons) ranked third in terms of total production with a 14% share.

In China, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-5.7% per year) and Japan (+3.3% per year).

Imports

World Imports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

For the third year in a row, the global market recorded growth in purchases abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine, which increased by 3.1% to 1.4M tons in 2022. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine surged to $7.3B in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, global imports of reached the maximum at $7.7B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The countries with the highest levels of imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in 2022 were the United States (152K tons), Spain (149K tons), Brazil (131K tons), Belgium (97K tons), China (77K tons), South Korea (71K tons), India (53K tons), Germany (44K tons), Indonesia (40K tons), Japan (39K tons), Thailand (34K tons) and France (32K tons), together finishing at 66% of total import. Italy (31K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +12.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($990M), Brazil ($950M) and China ($481M) constituted the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. South Korea, Germany, Spain, Japan, India, Belgium, France, Italy, Indonesia and Thailand lagged somewhat behind, together comprising a further 36%.

Indonesia, with a CAGR of +11.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $5,270 per ton, surging by 18% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices reached the peak figure at $6,541 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,362 per ton), while Belgium ($2,110 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

In 2022, after three years of growth, there was significant decline in shipments abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine, when their volume decreased by -5% to 1.3M tons. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 7.9%. Over the period under review, the global exports of hit record highs at 1.4M tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine rose significantly to $6.7B in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 17%. Over the period under review, the global exports of reached the maximum at $7.3B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China was the key exporting country with an export of around 524K tons, which accounted for 40% of total exports. It was distantly followed by Japan (194K tons), the United States (169K tons), Germany (81K tons), Belgium (71K tons) and France (62K tons), together committing a 44% share of total exports. Malaysia (36K tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Malaysia (+56.8%) and Japan (+2.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.8% from 2012-2022. By contrast, Germany (-2.1%), Belgium (-3.4%), the United States (-5.6%) and France (-8.8%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Japan (+4.2 p.p.) and Malaysia (+2.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Belgium (-1.6 p.p.), France (-6.2 p.p.) and the United States (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3B) remains the largest organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Japan ($749M), with an 11% share of global exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +9.9%. In the other countries, the average annual rates were as follows: Japan (-0.4% per year) and the United States (-4.6% per year).

Export Prices By Country

The average export price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine stood at $5,121 per ton in 2022, surging by 20% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $5,135 per ton in 2012; afterwards, it flattened through to 2022.

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 China ($5,669 per ton), while Malaysia ($2,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform