Asia: Sulphur Market 2022

Sulphur Market Size in Asia

The Asian sulphur market amounted to $X in 2020, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Sulphur Production in Asia

In value terms, sulphur production rose modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Production By Country in Asia

China (X tonnes) remains the largest sulphur producing country in Asia, comprising approx. X% of total volume. Moreover, sulphur production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), twofold. Pakistan (X tonnes) ranked third in terms of total production with a X% share.

In China, sulphur production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (-X% per year).

Sulphur Exports

Exports in Asia

In 2020, shipments abroad of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports, however, showed noticeable growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, sulphur exports shrank markedly to $X in 2020. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Iran (X tonnes), distantly followed by India (X tonnes), Turkey (X tonnes), Saudi Arabia (X tonnes) and Indonesia (X tonnes) represented the largest exporters of sulphur (sublimed or precipitated) and colloidal sulphur, together achieving X% of total exports. The following exporters - Singapore (X tonnes), Bahrain (X tonnes) and South Korea (X tonnes) - each accounted for a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphur supplying countries in Asia were Iran ($X), India ($X) and Bahrain ($X), together comprising X% of total exports. Singapore, Saudi Arabia, South Korea, Turkey and Indonesia lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The sulphur export price in Asia stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Bahrain ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other leaders experienced more modest paces of growth.

Sulphur Imports

Imports in Asia

In 2020, sulphur imports in Asia dropped to X tonnes, with a decrease of -X% compared with 2019 figures. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, sulphur imports fell rapidly to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Indonesia prevails in sulphur imports structure, reaching X tonnes, which was near X% of total imports in 2020. It was distantly followed by Thailand (X tonnes), achieving a X% share of total imports. Japan (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to sulphur imports into Indonesia stood at +X%. At the same time, Thailand (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported sulphur (sublimed or precipitated) and colloidal sulphur in Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

In Indonesia, sulphur imports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2020, the sulphur import price in Asia amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2009 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform