Peru: Sulphur Market 2022

Sulphur Market Size in Peru

The Peruvian sulphur market declined to $X in 2020, remaining stable against the previous year. Overall, consumption continues to indicate a mild contraction. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Sulphur consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Sulphur Production in Peru

In value terms, sulphur production totaled $X in 2020 estimated in export prices. In general, production recorded a mild decrease. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. Sulphur production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Sulphur Exports

Exports from Peru

After three years of decline, overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur increased by X% to X tonnes in 2020. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, sulphur exports soared to $X in 2020. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

Bolivia (X tonnes) was the main destination for sulphur exports from Peru, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Bolivia totaled +X%.

In value terms, Bolivia ($X) also remains the key foreign market for sulphur exports from Peru.

From 2007 to 2020, the average annual growth rate of value to Bolivia stood at +X%.

Export Prices by Country

The average sulphur export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The export price peaked at $X per tonne in 2017; afterwards, it flattened through to 2020.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2007 to 2020, the rate of growth in terms of prices for Bolivia amounted to -X% per year.

Sulphur Imports

Imports into Peru

In 2020, sulphur imports into Peru dropped remarkably to X kg, with a decrease of -X% on the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, sulphur imports soared to $X in 2020. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, the U.S. (X kg) was the main supplier of sulphur to Peru, accounting for a X% share of total imports. Moreover, sulphur imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of sulphur to Peru, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

In 2020, the average sulphur import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform