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

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

The Indian sulphides, dithionites and sulphoxylates market totaled $X in 2022, rising by 2.3% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in India

In value terms, sulphides, dithionites and sulphoxylates production amounted to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. Sulphides, dithionites and sulphoxylates production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from India

In 2022, exports of sulphides, polysulphides, dithionites and sulphoxylates from India contracted sharply to X tons, dropping by -16.4% against the previous year's figure. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +22.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, sulphides, dithionites and sulphoxylates exports soared to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from India, with a 33% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to Turkey exceeded the volume sent to the second major destination, Bangladesh (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+22.8% per year) and the United States (-1.0% per year).

In value terms, Turkey ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from India, comprising 29% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Bangladesh, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.4% per year) and Bangladesh (+27.3% per year).

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2022, surging by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Taiwan (Chinese) (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into India

In 2022, overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates decreased by -31.8% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2022. In general, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 56%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to India, with a 63% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+22.6% per year) and South Korea (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to India, comprising 34% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+64.7% per year) and Austria (+10.9% per year).

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, increasing by 71% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 138% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Austria ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :