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

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

In 2022, the Asian sulphides, dithionites and sulphoxylates market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Asia

In value terms, sulphides, dithionites and sulphoxylates production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 13%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in Asia

Sulphides, dithionites and sulphoxylates exports rose rapidly to X tons in 2022, growing by 12% compared with 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates exports skyrocketed to $X in 2022. In general, 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 prevails in exports structure, reaching X tons, which was near 85% of total exports in 2022. Iran (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took near 11% share of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Iran (+7.0%) and India (+3.8%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.0% from 2012-2022. From 2012 to 2022, the share of China and Iran increased by +8.6 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sulphides, dithionites and sulphoxylates supplier in Asia, comprising 67% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.9%. In the other countries, the average annual rates were as follows: India (+7.0% per year) and Iran (+11.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, jumping by 39% against the previous year. In general, the export price, however, showed a pronounced curtailment. The level of export peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+4.1%), while the other leaders experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in Asia

In 2022, purchases abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 4.5% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 12% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sulphides, dithionites and sulphoxylates imports soared to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons), Turkey (X tons), Pakistan (X tons), Bangladesh (X tons), Vietnam (X tons), Armenia (X tons), Japan (X tons), Thailand (X tons), Indonesia (X tons), Kazakhstan (X tons), Taiwan (Chinese) (X tons) and Mongolia (X tons) represented the largest importer of sulphides, polysulphides, dithionites and sulphoxylates in Asia, achieving 89% of total import.

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 were Turkey ($X), South Korea ($X) and Japan ($X), together accounting for 38% of total imports. Pakistan, Bangladesh, Vietnam, Thailand, Armenia, Indonesia, Taiwan (Chinese), Kazakhstan and Mongolia lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Vietnam, with a CAGR of +11.0%, recorded the highest rates of growth with regard to 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 stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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