Peru: Sulphur Market 2024

Sulphur Market Size in Peru

After two years of decline, the Peruvian sulphur market increased by 16% to $X in 2022. Overall, consumption, however, saw a slight reduction. Sulphur consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Sulphur Production in Peru

In value terms, sulphur production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. Sulphur production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sulphur Exports

Exports from Peru

In 2022, approx. X tons of sulphur were exported from Peru; increasing by 5.5% on 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +18.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sulphur exports totaled $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 65%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for sulphur exports from Peru, accounting for a 79% share of total exports. Moreover, sulphur exports to Ecuador exceeded the volume sent to the second major destination, El Salvador (X tons), eightfold. Chile (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+0.8% per year) and Chile (+76.1% per year).

In value terms, Ecuador ($X) remains the key foreign market for sulphur exports from Peru, comprising 75% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 9.8% share of total exports. It was followed by Chile, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-0.1% per year) and Chile (+59.7% per year).

Export Prices by Country

The average sulphur export price stood at $X per ton in 2022, reducing by -5.2% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador ($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 Bolivia (+2.7%), while the prices for the other major destinations experienced a decline.

Sulphur Imports

Imports into Peru

In 2022, approx. X tons of sulphur were imported into Peru; increasing by 19% on the previous year. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 155%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sulphur imports totaled $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 175%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main supplier of sulphur to Peru, accounting for a 94% share of total imports. It was followed by Colombia (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +96.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+116.6% per year) and the United States (-28.3% per year).

In value terms, Russia ($X) constituted the largest supplier of sulphur to Peru, comprising 85% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +96.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Colombia (+74.0% per year).

Import Prices by Country

The average sulphur import price stood at $X per ton in 2022, declining by -6.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.9%).

Source: IndexBox Platform

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