Asia-Pacific: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in Asia-Pacific

In 2022, after two years of growth, there was decline in the Asia-Pacific organo-sulphur compound market, when its value decreased by -2.2% to $X. Over the period under review, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Organo-Sulphur Compound Production in Asia-Pacific

In value terms, organo-sulphur compound production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports in Asia-Pacific

In 2022, organo-sulphur compound exports in Asia-Pacific totaled X tons, surging by 12% compared with 2021. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, organo-sulphur compound exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporter of organo-sulphur compounds in Asia-Pacific, with the volume of exports recording X tons, which was approx. 73% of total exports in 2022. Singapore (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together took near 16% share of total exports. Japan (X tons), India (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compound exports from China stood at +8.5%. At the same time, Malaysia (+57.9%), India (+21.5%), Singapore (+20.5%) and South Korea (+9.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +57.9% from 2012-2022. By contrast, Japan (-6.2%) illustrated a downward trend over the same period. While the share of Singapore (+6.9 p.p.), Malaysia (+5.7 p.p.) and India (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organo-sulphur compound supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.6% share of total exports. It was followed by India, with a 5.6% share.

In China, organo-sulphur compound exports increased at an average annual rate of +10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-9.7% per year) and India (+17.9% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2018 an increase of 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 India ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the other leaders experienced more modest paces of growth.

Organo-Sulphur Compound Imports

Imports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in overseas purchases of organo-sulphur compounds, when their volume decreased by -18.2% to X tons. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, organo-sulphur compound imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China was the largest importing country with an import of around X tons, which amounted to 35% of total imports. It was distantly followed by India (X tons), South Korea (X tons), Thailand (X tons), Indonesia (X tons) and Australia (X tons), together mixing up a 46% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compound imports into China stood at +1.3%. At the same time, India (+6.9%), Vietnam (+6.8%), South Korea (+3.7%), Indonesia (+2.5%), Thailand (+2.4%) and Australia (+2.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +6.9% from 2012-2022. From 2012 to 2022, the share of India and South Korea increased by +5.2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported organo-sulphur compounds in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by South Korea, with a 14% share.

In China, organo-sulphur compound imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+7.5% per year) and South Korea (+5.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by 19% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and India ($X per ton), while China ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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