Malaysia: Sulphur Market 2022

Sulphur Market Size in Malaysia

In 2020, after two years of growth, there was significant decline in the Malaysian sulphur market, when its value decreased by -X% to $X. Over the period under review, consumption showed a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Sulphur Production in Malaysia

In value terms, sulphur production fell to $X in 2020 estimated in export prices. Overall, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Sulphur production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Sulphur Exports

Exports from Malaysia

In 2020, approx. X tonnes of sulphur (sublimed or precipitated) and colloidal sulphur were exported from Malaysia; jumping by X% on 2019. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, sulphur exports reduced sharply to $X in 2020. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tonnes) was the main destination for sulphur exports from Malaysia, with a X% share of total exports. Moreover, sulphur exports to Thailand exceeded the volume sent to the second major destination, Vietnam (X tonnes), twofold. The third position in this ranking was occupied by Sri Lanka (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Sri Lanka (+X% per year).

In value terms, the largest markets for sulphur exported from Malaysia were Thailand ($X), Vietnam ($X) and Sri Lanka ($X), together accounting for X% of total exports. Singapore lagged somewhat behind, comprising a further X the main countries of destination, Singapore (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sulphur export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Vietnam ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced a decline.

Sulphur Imports

Imports into Malaysia

In 2020, purchases abroad of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, sulphur imports declined to $X in 2020. In general, imports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Singapore (X tonnes) constituted the largest sulphur supplier to Malaysia, accounting for a X% share of total imports. Moreover, sulphur imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Singapore totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and the Philippines (+X% per year).

In value terms, Singapore ($X) constituted the largest supplier of sulphur to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Singapore totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2020, the average sulphur import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per tonne), while the price for Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform