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

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in the EU

The EU sulphides, dithionites and sulphoxylates market soared to $X in 2022, jumping by 21% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.1% against 2013 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in the EU

In value terms, sulphides, dithionites and sulphoxylates production rose notably to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 18%. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in the EU

In 2022, the amount of sulphides, polysulphides, dithionites and sulphoxylates exported in the European Union declined rapidly to X tons, falling by -19.5% on the year before. In general, exports saw a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates exports rose notably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +32.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 38%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Germany was the largest exporter of sulphides, polysulphides, dithionites and sulphoxylates in the European Union, with the volume of exports accounting for X tons, which was approx. 47% of total exports in 2022. It was distantly followed by Belgium (X tons), France (X tons) and Austria (X tons), together creating a 45% share of total exports. The following exporters - Italy (X tons) and Spain (X tons) - together made up 6.7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Austria (with a CAGR of +41.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

Among the main exporting countries, Austria, with a CAGR of +65.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 32% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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, sulphides, dithionites and sulphoxylates export price increased by +110.6% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.3%), while the other leaders experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in the EU

In 2022, supplies from abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 4.1% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 13%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports soared to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +53.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), Sweden (X tons), Spain (X tons), Finland (X tons), Belgium (X tons), France (X tons), Poland (X tons) and the Netherlands (X tons) represented the major importers of sulphides, polysulphides, dithionites and sulphoxylates, together mixing up 82% of total imports.

From 2012 to 2022, average annual rates of growth with regard to sulphides, dithionites and sulphoxylates imports into Germany stood at +4.9%. At the same time, Sweden (+15.6%), Spain (+8.5%), Poland (+7.2%) and Italy (+5.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +15.6% from 2012-2022. By contrast, Belgium (-2.0%), the Netherlands (-2.1%), Finland (-2.5%) and France (-3.5%) illustrated a downward trend over the same period. While the share of Germany (+6.5 p.p.), Sweden (+5.8 p.p.), Spain (+3.8 p.p.), Italy (+3.5 p.p.) and Poland (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-2.5 p.p.), Belgium (-2.6 p.p.), Finland (-3.6 p.p.) and France (-3.9 p.p.) displayed negative dynamics.

In value terms, the largest sulphides, dithionites and sulphoxylates importing markets in the European Union were Italy ($X), Germany ($X) and Sweden ($X), with a combined 50% share of total imports.

Sweden, with a CAGR of +19.1%, saw the highest rates of growth with regard to 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 European Union amounted to $X per ton, rising by 22% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates import price increased by +47.1% against 2020 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 importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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