Benelux: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in Benelux

In 2022, after two years of growth, there was decline in the Benelux organo-sulphur compound market, when its value decreased by -0.3% to $X. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Organo-Sulphur Compound Production in Benelux

In value terms, organo-sulphur compound production contracted notably to $X in 2022 estimated in export price. Overall, production, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 159%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports in Benelux

In 2022, after two years of growth, there was significant decline in overseas shipments of organo-sulphur compounds, when their volume decreased by -36.2% to X tons. Over the period under review, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 35%. The volume of export peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, organo-sulphur compound exports contracted sharply to $X in 2022. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium represented the main exporting country with an export of about X tons, which amounted to 75% of total exports. It was distantly followed by the Netherlands (X tons), generating a 25% share of total exports.

Belgium was also the fastest-growing in terms of the organo-sulphur compounds exports, with a CAGR of -3.2% from 2012 to 2022. The Netherlands (-5.3%) illustrated a downward trend over the same period. Belgium (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -4.3% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest organo-sulphur compound supplier in Benelux, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to -2.7%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

Organo-Sulphur Compound Imports

Imports in Benelux

After two years of growth, supplies from abroad of organo-sulphur compounds decreased by -29.9% to X tons in 2022. Overall, imports showed a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 48%. The volume of import peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, organo-sulphur compound imports shrank significantly to $X in 2022. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Belgium represented the major importer of organo-sulphur compounds in Benelux, with the volume of imports amounting to X tons, which was near 61% of total imports in 2022. It was distantly followed by the Netherlands (X tons), committing a 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of -0.2%).

In value terms, the largest organo-sulphur compound importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +1.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%).

Source: IndexBox Market Intelligence Platform

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