Asia-Pacific: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Asia-Pacific

In 2022, the Asia-Pacific market for organo-sulphur compounds and other organo-inorganic compounds increased by 5.4% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Asia-Pacific

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in Asia-Pacific

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by -1.8% to X tons for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 35% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

China dominates compounds structure, recording X tons, which was approx. 76% of total exports in 2022. Japan (X tons) ranks second in terms of the total exports with a 5.9% share, followed by Malaysia (5.8%) and India (5.7%). Thailand (X tons) and South Korea (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compounds and other organo-inorganic compounds exports from China stood at +6.6%. At the same time, Malaysia (+43.2%), Thailand (+19.9%), India (+12.6%) and South Korea (+8.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +43.2% from 2012-2022. By contrast, Japan (-3.7%) illustrated a downward trend over the same period. Malaysia (+5.5 p.p.), India (+2.5 p.p.), Thailand (+2.3 p.p.) and China (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -10% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was held by Japan ($X), with a 7.2% share of total exports. It was followed by South Korea, with a 4.2% share.

In China, exports of organo-sulphur compounds and other organo-inorganic compounds expanded at an average annual rate of +12.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-1.6% per year) and South Korea (+15.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 29% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds increased by +69.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in purchases abroad of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -9.4% to X tons. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 12%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds totaled $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by India (X tons), South Korea (X tons), Indonesia (X tons), Japan (X tons), Thailand (X tons), Australia (X tons) and Malaysia (X tons) represented the key importers of organo-sulphur compounds and other organo-inorganic compounds, together making up 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds importing markets in Asia-Pacific were China ($X), South Korea ($X) and Japan ($X), together comprising 52% of total imports. India, Indonesia, Australia, Thailand and Malaysia lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, India, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the import price continues to indicate a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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