Southern Asia: Sulphur Market 2022

Sulphur Market Size in Southern Asia

For the fourth consecutive year, the South Asian sulphur market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Sulphur Production in Southern Asia

In value terms, sulphur production shrank modestly to $X in 2020 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Southern Asia

India (X tonnes) constituted the country with the largest volume of sulphur production, accounting for X% of total volume. Moreover, sulphur production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume in India stood at +X%. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Afghanistan (+X% per year).

Sulphur Exports

Exports in Southern Asia

In 2020, overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, sulphur exports reduced to $X in 2020. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

The shipments of the one major exporters of sulphur (sublimed or precipitated) and colloidal sulphur, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the sulphur (sublimed or precipitated) and colloidal sulphur exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sulphur supplier in Southern Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in India totaled +X%.

Export Prices by Country

The sulphur export price in Southern Asia stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Export price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sulphur export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

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

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

Sulphur Imports

Imports in Southern Asia

In 2020, purchases abroad of sulphur (sublimed or precipitated) and colloidal sulphur increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, sulphur imports soared to $X in 2020. Over the period under review, imports, however, saw notable growth. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, India (X tonnes) represented the major importer of sulphur (sublimed or precipitated) and colloidal sulphur, constituting X% of total imports. It was distantly followed by Sri Lanka (X tonnes), comprising a X% share of total imports. Bangladesh (X tonnes) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of imports of sulphur (sublimed or precipitated) and colloidal sulphur. At the same time, Bangladesh (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. Sri Lanka (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, India ($X) constitutes the largest market for imported sulphur (sublimed or precipitated) and colloidal sulphur in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in India stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The sulphur import price in Southern Asia stood at $X per tonne in 2020, surging by X% against the previous year. Import price indicated a perceptible expansion 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 import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per tonne), while Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform