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

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

In 2022, the CIS sulphides, dithionites and sulphoxylates market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in CIS

In value terms, sulphides, dithionites and sulphoxylates production reached $X in 2022 estimated in export price. Overall, production saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 50%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in CIS

In 2022, shipments abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 36% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 310%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates exports soared to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 98%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Uzbekistan was the key exporting country with an export of around X tons, which accounted for 47% of total exports. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Russia (X tons). All these countries together held approx. 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +138.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Uzbekistan ($X) emerged as the largest sulphides, dithionites and sulphoxylates supplier in the CIS, comprising 51% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 24% share of total exports.

In Uzbekistan, sulphides, dithionites and sulphoxylates exports increased at an average annual rate of +273.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+26.4% per year) and Russia (-7.0% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with an increase of 13% against the previous year. Overall, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of 56% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+56.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in CIS

Sulphides, dithionites and sulphoxylates imports was estimated at X tons in 2022, picking up by 5.7% on the year before. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.9% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports skyrocketed to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Russia was the largest importer of sulphides, polysulphides, dithionites and sulphoxylates in the CIS, with the volume of imports resulting at X tons, which was near 48% of total imports in 2022. It was distantly followed by Armenia (X tons), Kazakhstan (X tons) and Uzbekistan (X tons), together generating a 47% share of total imports. Azerbaijan (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Armenia ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2022, together accounting for 90% of total imports. Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further 8.9%.

Azerbaijan, with a CAGR of +14.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with an increase of 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the import price increased by 31%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($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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