Asia-Pacific: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Asia-Pacific

The Asia-Pacific sulphides, dithionites and sulphoxylates market contracted to $X in 2022, shrinking by -2.3% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Asia-Pacific

In value terms, sulphides, dithionites and sulphoxylates production shrank to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in Asia-Pacific

In 2022, approx. X tons of sulphides, polysulphides, dithionites and sulphoxylates were exported in Asia-Pacific; growing by 12% against the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 16%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, sulphides, dithionites and sulphoxylates exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 92% of total exports in 2022. It was distantly followed by India (X tons), generating a 5.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sulphides, dithionites and sulphoxylates exports from China stood at +3.7%. At the same time, India (+3.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.8% from 2012-2022. From 2012 to 2022, the share of China increased by +8.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sulphides, dithionites and sulphoxylates supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +4.9%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 41% against the previous year. Overall, the export price, however, saw a noticeable descent. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.1%).

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in Asia-Pacific

Sulphides, dithionites and sulphoxylates imports reduced slightly to X tons in 2022, falling by -3.1% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates imports reached $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Korea (X tons), distantly followed by Pakistan (X tons), Bangladesh (X tons), Vietnam (X tons), Japan (X tons), Thailand (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) represented the key importers of sulphides, polysulphides, dithionites and sulphoxylates, together creating 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphides, dithionites and sulphoxylates importing markets in Asia-Pacific were South Korea ($X), Japan ($X) and Pakistan ($X), with a combined 39% share of total imports. Bangladesh, Vietnam, Thailand, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Vietnam, with a CAGR of +11.0%, 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, surging by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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