Benelux: Sulphur Market 2024

Sulphur Market Size in Benelux

The Benelux sulphur market rose rapidly to $X in 2022, surging by 11% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sulphur Production in Benelux

In value terms, sulphur production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Sulphur Exports

Exports in Benelux

In 2022, the amount of sulphur exported in Benelux soared to X tons, picking up by 38% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 49% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sulphur exports surged to $X in 2022. Overall, exports recorded a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 82%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons) was the key exporter of sulphur, mixing up 89% of total exports. It was distantly followed by Belgium (X tons), creating an 11% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Belgium (+18.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +18.1% from 2012-2022. From 2012 to 2022, the share of Belgium increased by +8.8 percentage points.

In value terms, the Netherlands ($X) remains the largest sulphur supplier in Benelux, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.4% share of total exports.

In the Netherlands, sulphur exports increased at an average annual rate of +2.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the export price showed a measured increase. The pace of growth appeared the most rapid in 2021 an increase of 31%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%).

Sulphur Imports

Imports in Benelux

Sulphur imports skyrocketed to X tons in 2022, jumping by 27% on 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sulphur imports skyrocketed to $X in 2022. Overall, imports recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when imports increased by 96% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) represented the main importer of sulphur, creating 72% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 28% share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of sulphur. At the same time, the Netherlands (+10.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +10.7% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +16 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported sulphur in Benelux, comprising 81% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to +4.4%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 37% against the previous year. In general, the import price recorded a temperate expansion. The pace of growth was the most pronounced in 2021 when the import price increased by 79% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.5%).

Source: IndexBox Platform