Eastern Asia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Eastern Asia

In 2022, the East Asian market for organo-sulphur compounds and other organo-inorganic compounds was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Eastern Asia

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports in Eastern Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -7.3% to X tons. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by +59.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 36% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China dominates compounds structure, reaching X tons, which was near 91% of total exports in 2022. It was distantly followed by Japan (X tons), committing a 7.1% share of total exports. South Korea (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compounds and other organo-inorganic compounds exports from China stood at +6.6%. At the same time, South Korea (+8.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.9% from 2012-2022. By contrast, Japan (-3.7%) illustrated a downward trend over the same period. While the share of China (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Japan ($X), with a 7.9% share of total exports.

In China, exports of organo-sulphur compounds and other organo-inorganic compounds increased at an average annual rate of +12.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.6% per year) and South Korea (+15.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 36% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +82.6% against 2020 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

In 2022, imports of organo-sulphur compounds and other organo-inorganic compounds in Eastern Asia reduced to X tons, with a decrease of -12.3% against 2021 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds rose rapidly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China represented the main importer of organo-sulphur compounds and other organo-inorganic compounds in Eastern Asia, with the volume of imports reaching X tons, which was near 55% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a 26% share, followed by Japan (20%).

Imports into China increased at an average annual rate of +1.1% from 2012 to 2022. At the same time, South Korea (+5.7%) and Japan (+2.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.7% from 2012-2022. From 2012 to 2022, the share of South Korea increased by +8.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), with a combined 100% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +6.9%, saw 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

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained 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 ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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