Report Update: Apr 1, 2024

Hong Kong SAR, China - Sulphur - Market Analysis, Forecast, Size, Trends and Insights

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Sulphur Price in Hong Kong SAR - 2023

Sulphur Price in Hong Kong SAR (CIF) - 2022

The average sulphur import price stood at $130 per ton in 2022, declining by -50.9% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $448 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($725 per ton), while the price for Turkey stood at $109 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphur Price in Hong Kong SAR (FOB) - 2022

The average sulphur export price stood at $756 per ton in 2022, increasing by 8.4% against the previous year. In general, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 68%. As a result, the export price reached the peak level of $1,108 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.6% per year.

Sulphur Imports in Hong Kong SAR

In 2022, sulphur imports into Hong Kong SAR stood at 920 tons, picking up by 3.7% against the previous year's figure. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 406%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphur imports fell markedly to $120K in 2022. Over the period under review, imports showed pronounced growth. The pace of growth was the most pronounced in 2021 when imports increased by 446%. As a result, imports attained the peak of $235K, and then fell rapidly in the following year.

Import of Sulphur in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	25.3	16.6	92.9	98.1	57.1%
Singapore	N/A	N/A	40.4	15.2	-62.4%
Russia	10.1	3.8	N/A	N/A	-62.4%
South Korea	N/A	8.9	25.9	N/A	191.0%
Indonesia	55.4	N/A	N/A	N/A	0%
Others	17.0	13.8	76.2	6.5	-27.4%
Total	108	43.1	235	120	3.6%

Top Suppliers of Sulphur to Hong Kong SAR in 2022:

Turkey (896.4 tons)
Singapore (21.0 tons)

Sulphur Exports in Hong Kong SAR

Sulphur exports from Hong Kong SAR dropped significantly to 40 tons in 2022, which is down by -41.7% compared with the previous year's figure. Over the period under review, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 501%.

In value terms, sulphur exports fell dramatically to $30K in 2022. In general, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 278%.

Export of Sulphur in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	83.3	7.2	48.0	30.4	-28.5%
Others	N/A	5.5	N/A	N/A	0%
Total	83.3	12.7	48.0	30.4	-28.5%

Top Export Markets for Sulphur from Hong Kong SAR in 2022:

China (40.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sulphur market in Hong Kong SAR, 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.

Product coverage:

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023