MENA: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in MENA

The MENA's organo-sulphur compound market expanded markedly to $X in 2022, surging by 13% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Organo-Sulphur Compound Production in MENA

In value terms, organo-sulphur compound production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 21%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Organo-Sulphur Compound Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in shipments abroad of organo-sulphur compounds, when their volume decreased by -5.8% to X tons. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, organo-sulphur compound exports rose remarkably to $X in 2022. In general, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Israel was the key exporting country with an export of about X tons, which finished at 53% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 29% share, followed by the United Arab Emirates (12%). The following exporters - Saudi Arabia (X tons) and Tunisia (X tons) - each finished at a 3.5% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Tunisia (with a CAGR of +25.3%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest organo-sulphur compound supplier in MENA, comprising 63% of total exports. The second position in the ranking was held by Turkey ($X), with a 26% share of total exports. It was followed by the United Arab Emirates, with an 8.6% share.

In Israel, organo-sulphur compound exports contracted by an average annual rate of -3.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+15.9% per year) and the United Arab Emirates (+5.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by 18% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, organo-sulphur compound export price increased by +17.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 47%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.5%), while the other leaders experienced more modest paces of growth.

Organo-Sulphur Compound Imports

Imports in MENA

In 2022, approx. X tons of organo-sulphur compounds were imported in MENA; surging by 6.1% against 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 13% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, organo-sulphur compound imports surged to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 41%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main importer of organo-sulphur compounds, generating 36% of total imports. It was distantly followed by Egypt (X tons), Morocco (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Algeria (X tons), together committing a 44% share of total imports. Iran (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Algeria (+15.1%), Egypt (+8.1%), Morocco (+6.4%), Saudi Arabia (+1.7%) and the United Arab Emirates (+1.6%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.1% from 2012-2022. By contrast, Iran (-1.8%) illustrated a downward trend over the same period. While the share of Egypt (+6.3 p.p.), Turkey (+3.6 p.p.), Algeria (+3.6 p.p.) and Morocco (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported organo-sulphur compounds in MENA, comprising 36% of total imports. The second position in the ranking was taken by Egypt ($X), with a 16% share of total imports. It was followed by Morocco, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +3.9%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+4.0% per year) and Morocco (+2.3% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

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 Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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