World - Thiosulphates - Market Analysis, Forecast, Size, Trends And Insights
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World - Thiosulphates - Market Analysis, Forecast, Size, Trends And Insights

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Nov 6, 2024

Worldwide 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.

Market Value (million USD, nominal wholesale prices)

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.

Source: IndexBox Market Intelligence Platform

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:

+ 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 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. 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
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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