Singapore: Sulphur Market 2022

Sulphur Market Size in Singapore

The Singaporean sulphur market fell to $X in 2020, which is down by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Sulphur consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Sulphur Production in Singapore

In value terms, sulphur production contracted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Sulphur production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Sulphur Exports

Exports from Singapore

In 2020, overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, sulphur exports dropped rapidly to $X in 2020. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes), Malaysia (X tonnes) and Thailand (X tonnes) were the main destinations of sulphur exports from Singapore, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand, while exports for the other leaders experienced a decline.

In value terms, the largest markets for sulphur exported from Singapore were Indonesia ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total exports.

Thailand recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sulphur export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sulphur export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Thailand ($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 Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Sulphur Imports

Imports into Singapore

In 2020, sulphur imports into Singapore surged to X tonnes, increasing by X% compared with the previous year's figure. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, sulphur imports surged to $X in 2020. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tonnes), Germany (X tonnes) and Malaysia (X tonnes) were the main suppliers of sulphur imports to Singapore, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Taiwan (Chinese) (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Malaysia (+X% per year).

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. Over the period under review, the import price enjoyed strong growth. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform