China: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in China

The Chinese market for organo-sulphur compounds and other organo-inorganic compounds dropped markedly to $X in 2022, shrinking by -58.9% against the previous year. Over the period under review, consumption showed a abrupt slump. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in China

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports from China

For the third year in a row, China recorded growth in overseas shipments of organo-sulphur compounds and other organo-inorganic compounds, which increased by 3.8% to X tons in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +31.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 67%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), Brazil (X tons) and India (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from China, with a combined 32% share of total exports. Russia, Argentina, South Korea, Indonesia, Australia, the Netherlands, Japan, Germany, Thailand and Mexico lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +19.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and India ($X) appeared to be the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from China worldwide, with a combined 42% share of total exports. Argentina, Russia, South Korea, Indonesia, Japan, Australia, the Netherlands, Germany, Thailand and Mexico lagged somewhat behind, together accounting for a further 34%.

Russia, with a CAGR of +29.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, jumping by 31% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +84.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 41%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Russia ($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 Argentina (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

For the third year in a row, China recorded decline in supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds, which decreased by -8.4% to X tons in 2022. The total import volume increased at an average annual rate of +1.1% 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 2019 with an increase of 20%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds rose significantly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Singapore (X tons), Malaysia (X tons) and Japan (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to China, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +250.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Singapore ($X) and Japan ($X) appeared to be the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to China, together comprising 50% of total imports. The United States, Malaysia, Germany, Belgium, India, France, the UK and Spain lagged somewhat behind, together comprising a further 41%.

In terms of the main suppliers, Malaysia, with a CAGR of +235.0%, saw 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

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, growing by 25% against the previous year. Overall, import price indicated mild growth 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, import price for organo-sulphur compounds and other organo-inorganic compounds increased by +59.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Singapore ($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 (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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