Argentina: Sulphur Market 2024

Sulphur Market Size in Argentina

The Argentinian sulphur market soared to $X in 2022, increasing by 52% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sulphur Production in Argentina

In value terms, sulphur production reduced remarkably to $X in 2022 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,412%. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Sulphur Exports

Exports from Argentina

In 2022, approx. X tons of sulphur were exported from Argentina; falling by -8.1% against the year before. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 975%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphur exports shrank modestly to $X in 2022. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 1,078%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) was the main destination for sulphur exports from Argentina, accounting for a 82% share of total exports. Moreover, sulphur exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), sixfold. The third position in this ranking was taken by Bolivia (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+22.5% per year) and Bolivia (-21.4% per year).

In value terms, Uruguay ($X) remains the key foreign market for sulphur exports from Argentina, comprising 74% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 11% share of total exports. It was followed by Paraguay, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-14.2% per year) and Paraguay (-0.1% per year).

Export Prices by Country

The average sulphur export price stood at $X per ton in 2022, picking up by 4.4% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+9.1%), while the prices for the other major destinations experienced a decline.

Sulphur Imports

Imports into Argentina

In 2022, sulphur imports into Argentina rose rapidly to X tons, with an increase of 8.8% against the year before. Overall, imports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sulphur imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sulphur to Argentina, accounting for a 29% share of total imports. Moreover, sulphur imports from the United States exceeded the figures recorded by the second-largest supplier, Qatar (X tons), twofold. Venezuela (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (-1.4% per year) and Venezuela (+86.5% per year).

In value terms, the United States ($X) constituted the largest supplier of sulphur to Argentina, comprising 32% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-0.2% per year) and Russia (+7.1% per year).

Import Prices by Country

The average sulphur import price stood at $X per ton in 2022, picking up by 91% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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