MENA: Sulphur Market 2024

Sulphur Market Size in MENA

In 2022, the MENA's sulphur market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Sulphur Production in MENA

In value terms, sulphur production declined rapidly to $X in 2022 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

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Sulphur Exports

Exports in MENA

In 2022, approx. X tons of sulphur were exported in MENA; picking up by X% against the year before. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphur exports surged to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons) and Iran (X tons), together committing a X% share of total exports. The following exporters - Turkey (X tons) and Kuwait (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphur supplying countries in MENA were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total exports. Turkey, Iran and Kuwait lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price in MENA stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Sulphur Imports

Imports in MENA

In 2022, the amount of sulphur imported in MENA rose modestly to X tons, picking up by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sulphur imports soared to $X in 2022. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Morocco represented the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Israel (X tons), creating a X% share of total imports. Tunisia (X tons), Egypt (X tons), Turkey (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sulphur imports into Morocco stood at X%. At the same time, Saudi Arabia (X%), Iran (X%), the United Arab Emirates (X%), Turkey (X%), Israel (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, the United Arab Emirates, Israel and Iran increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported sulphur in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

In Morocco, sulphur imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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