Ecuador: Sulphur Market 2025

Sulphur Market Size in Ecuador

The Ecuadorian sulphur market shrank sharply to $X in 2022, dropping by -29.7% against the previous year. In general, consumption, however, enjoyed a temperate expansion. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Sulphur Production in Ecuador

In value terms, sulphur production declined sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X, and then dropped significantly in the following year.

Sulphur Exports

Exports from Ecuador

Sulphur exports from Ecuador dropped to X tons in 2022, approximately equating the previous year. Overall, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 216%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphur exports amounted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 199%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Peru (X tons) was the main destination for sulphur exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +3.4%.

In value terms, Peru ($X) also remains the key foreign market for sulphur exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Peru was relatively modest.

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 4.4% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -3.2% per year.

Sulphur Imports

Imports into Ecuador

In 2022, imports of sulphur into Ecuador shrank significantly to X tons, waning by -31.7% compared with the previous year's figure. Overall, imports, however, posted a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphur imports reduced markedly to $X in 2022. In general, imports continue to indicate a slight setback. The pace of growth was the most pronounced in 2021 when imports increased by 196% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest sulphur supplier to Ecuador, with a 67% share of total imports. Moreover, sulphur imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fivefold. The third position in this ranking was held by Peru (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+43.7% per year) and Peru (+10.7% per year).

In value terms, Russia ($X) constituted the largest supplier of sulphur to Ecuador, comprising 58% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 8.6% share of total imports. It was followed by Peru, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+39.3% per year) and Peru (+4.8% per year).

Import Prices by Country

In 2022, the average sulphur import price amounted to $X per ton, waning by -2% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2020 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Peru ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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