
World - Thiosulphates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWorldwide Thiosulphates Market to Reach 322K Tons and $233M by 2030, Fueled by Increasing Demand
IndexBox has just published a new report: World - Thiosulphates - Market Analysis, Forecast, Size, Trends And Insights.
Driven by a growing demand for thiosulphates worldwide, the market is projected to experience continuous growth with a CAGR of +3.2% in volume and +5.7% in value from 2023 to 2030. By the end of 2030, the market volume is expected to reach 322K tons and the market value is forecasted to hit $233M (in nominal wholesale prices).
Market Forecast
Driven by increasing demand for thiosulphates worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.2% for the period from 2023 to 2030, which is projected to bring the market volume to 322K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2023 to 2030, which is projected to bring the market value to $233M (in nominal wholesale prices) by the end of 2030.

Consumption
World Consumption of Thiosulphates
In 2023, after five years of growth, there was decline in consumption of thiosulphates, when its volume decreased by -2.8% to 258K tons. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of 6.3%. As a result, consumption reached the peak volume of 266K tons, and then shrank modestly in the following year.
The global thiosulphates market value fell slightly to $158M in 2023, reducing by -2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a moderate increase from 2013 to 2023: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +55.2% against 2017 indices. As a result, consumption attained the peak level of $162M, and then shrank in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2023 were Germany (45K tons), France (28K tons) and Mexico (25K tons), with a combined 38% share of global consumption. Argentina, Canada, Italy, Ukraine, South Korea, Uruguay and the UK lagged somewhat behind, together accounting for a further 34%.
From 2013 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of +39.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($27M), Argentina ($19M) and France ($13M) constituted the countries with the highest levels of market value in 2023, together comprising 37% of the global market. Mexico, Canada, Ukraine, Italy, South Korea, Uruguay and the UK lagged somewhat behind, together accounting for a further 27%.
Among the main consuming countries, Ukraine, with a CAGR of +35.2%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2023, the highest levels of thiosulphates per capita consumption was registered in Uruguay (2,354 kg per 1000 persons), followed by Germany (539 kg per 1000 persons), Argentina (475 kg per 1000 persons) and Canada (456 kg per 1000 persons), while the world average per capita consumption of thiosulphates was estimated at 32 kg per 1000 persons.
In Uruguay, thiosulphates per capita consumption remained relatively stable over the period from 2013-2023. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Germany (+7.1% per year) and Argentina (+29.4% per year).
Production
World Production of Thiosulphates
In 2023, production of thiosulphates decreased by -7.7% to 284K tons for the first time since 2016, thus ending a six-year rising trend. The total output volume increased at an average annual rate of +2.6% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 13%. Global production peaked at 308K tons in 2022, and then shrank in the following year.
In value terms, thiosulphates production shrank slightly to $170M in 2023 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by +82.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Global production peaked at $175M in 2022, and then shrank modestly in the following year.
Production By Country
The countries with the highest volumes of production in 2023 were the United States (65K tons), China (63K tons) and France (50K tons), together comprising 63% of global production.
From 2013 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by France (with a CAGR of +24.6%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Thiosulphates
After two years of growth, overseas purchases of thiosulphates decreased by -18% to 196K tons in 2023. Over the period under review, total imports indicated a strong increase from 2013 to 2023: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, global imports reached the peak figure at 239K tons in 2022, and then declined remarkably in the following year.
In value terms, thiosulphates imports reduced notably to $111M in 2023. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2022 when imports increased by 39% against the previous year. As a result, imports attained the peak of $142M, and then reduced dramatically in the following year.
Imports By Country
The purchases of the nine major importers of thiosulphates, namely Mexico, Canada, Germany, Argentina, Ukraine, South Korea, France, Uruguay and the United States, represented more than half of total import. The UK (7.1K tons) held a little share of total imports.
From 2013 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of +39.7%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest thiosulphates importing markets worldwide were Mexico ($9.9M), the United States ($9.3M) and Canada ($9.2M), together accounting for 26% of global imports. South Korea, Ukraine, France, Argentina, Uruguay, the UK and Germany lagged somewhat behind, together accounting for a further 29%.
Ukraine, with a CAGR of +32.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2023, the average thiosulphates import price amounted to $565 per ton, waning by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2022 an increase of 22%. As a result, import price attained the peak level of $594 per ton, and then declined modestly in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($1,196 per ton), while Germany ($271 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Thiosulphates
After four years of growth, overseas shipments of thiosulphates decreased by -21.1% to 222K tons in 2023. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. Over the period under review, the global exports attained the peak figure at 281K tons in 2022, and then contracted significantly in the following year.
In value terms, thiosulphates exports fell remarkably to $114M in 2023. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, the global exports reached the peak figure at $140M in 2022, and then shrank markedly in the following year.
Exports By Country
The United States (70K tons) and China (61K tons) represented roughly 59% of total exports in 2023. France (31K tons) ranks next in terms of the total exports with a 14% share, followed by Belgium (9.5%), Germany (4.8%) and Italy (4.8%). The Netherlands (5.6K tons) took a relatively small share of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +69.6%), while the other global leaders experienced more modest paces of growth.
In value terms, the United States ($37M), China ($25M) and Belgium ($13M) appeared to be the countries with the highest levels of exports in 2023, together accounting for 66% of global exports. France, Germany, Italy and the Netherlands lagged somewhat behind, together comprising a further 26%.
In terms of the main exporting countries, France, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average thiosulphates export price stood at $515 per ton in 2023, increasing by 3.1% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2022 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($822 per ton), while France ($355 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global thiosulphates market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134135 - Thiosulphates
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024