Russian Federation: Sulphur Market 2024

Sulphur Market Size in the Russian Federation

The Russian sulphur market skyrocketed to $X in 2021, picking up by 15% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Sulphur consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sulphur Production in the Russian Federation

In value terms, sulphur production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Sulphur Exports

Exports from the Russian Federation

In 2021, after three years of growth, there was significant decline in overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur, when their volume decreased by -91.8% to X tons. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 963% against the previous year. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, sulphur exports shrank remarkably to $X in 2021. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 823%. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Belarus (X tons) was the main destination for sulphur exports from Russia, with a 89% share of total exports. Moreover, sulphur exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X kg), more than tenfold. Kazakhstan (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-79.9% per year) and Kazakhstan (+450.0% per year).

In value terms, Belarus ($X) emerged as the key foreign market for sulphur (sublimed or precipitated) and colloidal sulphur exports from Russia, comprising 83% of total exports. The second position in the ranking was held by Ukraine ($X), with a 6.6% share of total exports. It was followed by Kazakhstan, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +1,706.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+2,077.2% per year) and Kazakhstan (+112.1% per year).

Export Prices by Country

In 2021, the average sulphur export price amounted to $X per ton, growing by 157% against the previous year. Over the period under review, the export price posted a strong expansion. 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 destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+197.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphur Imports

Imports into the Russian Federation

In 2021, approx. X tons of sulphur (sublimed or precipitated) and colloidal sulphur were imported into Russia; with an increase of 97% compared with the previous year's figure. Over the period under review, imports, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2016 with an increase of 1,890% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, sulphur imports dropped markedly to $X in 2021. Overall, imports, however, faced a sharp setback. The pace of growth was the most pronounced in 2016 with an increase of 2,218% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and India (X kg) were the main suppliers of sulphur imports to Russia, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +14.8%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of sulphur (sublimed or precipitated) and colloidal sulphur to Russia, comprising 70% of total imports. The second position in the ranking was taken by France ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.1% per year) and India (-67.5% per year).

Import Prices by Country

The average sulphur import price stood at $X per ton in 2021, with a decrease of -89.7% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 789%. The import price peaked at $X per ton in 2020, and then dropped remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+105.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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