GCC: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in GCC

The GCC organo-sulphur compound market reached $X in 2022, picking up by 14% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Organo-Sulphur Compound Production in GCC

In value terms, organo-sulphur compound production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports in GCC

After two years of growth, overseas shipments of organo-sulphur compounds decreased by -51.9% to X tons in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 77% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, organo-sulphur compound exports fell dramatically to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 317%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X tons, which accounted for 87% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a 13% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the organo-sulphur compounds exports, with a CAGR of +4.5% from 2012 to 2022. Saudi Arabia (-33.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+80 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-80 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest organo-sulphur compound supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +5.4%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by 72% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2015 when the export price increased by 190% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.5%).

Organo-Sulphur Compound Imports

Imports in GCC

After two years of decline, overseas purchases of organo-sulphur compounds increased by 1.6% to X tons in 2022. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 54%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, organo-sulphur compound imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.4% 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 2015 when imports increased by 24% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) prevails in imports structure, together comprising 81% of total imports. Oman (X tons) held the next position in the ranking, followed by Qatar (X tons). All these countries together held approx. 15% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 89% share of total imports. Qatar and Kuwait lagged somewhat behind, together accounting for a further 9.6%.

Qatar, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 38%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Qatar ($X per ton), while Oman ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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