Report Update Nov 1, 2024

Singapore - Sulphur - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Sulphur Market 2024

Sulphur Market Size in Singapore

The Singaporean sulphur market soared to $X in 2022, picking up by 45% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sulphur Production in Singapore

In value terms, sulphur production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The growth pace was the most rapid in 2016 when the production volume increased by 37%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Sulphur Exports

Exports from Singapore

In 2022, the amount of sulphur exported from Singapore dropped modestly to X tons, with a decrease of -1.9% against the previous year. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 81% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sulphur exports surged to $X in 2022. Overall, exports, however, saw a mild expansion. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and India (X tons) were the main destinations of sulphur exports from Singapore, with a combined 93% share of total exports. China and Vietnam lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +231.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for sulphur exports from Singapore, comprising 63% of total exports. The second position in the ranking was held by Malaysia ($X), with a 27% share of total exports. It was followed by India, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+44.4% per year) and India (+2.8% per year).

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, growing by 181% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. 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 Indonesia ($X per ton), while the average price for exports to China ($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 Malaysia (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphur Imports

Imports into Singapore

In 2022, the amount of sulphur imported into Singapore soared to X tons, increasing by 43% compared with the year before. Overall, imports showed notable growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,891%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sulphur imports surged to $X in 2022. Over the period under review, imports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 470% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), South Korea (X tons) and Malaysia (X kg) were the main suppliers of sulphur imports to Singapore, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +587.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sulphur suppliers to Singapore were Saudi Arabia ($X), South Korea ($X) and the United States ($X), together comprising 100% of total imports.

Saudi Arabia, with a CAGR of +671.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sulphur import price stood at $X per ton in 2022, growing by 145% against the previous year. Overall, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2019 an increase of 449%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a 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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphur in the world?

China remains the largest sulphur consuming country worldwide, accounting for 35% of total volume. Moreover, sulphur consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Morocco, with a 7.2% share.

What are the largest producers of sulphur in the world?

The country with the largest volume of sulphur production was China, comprising approx. 18% of total volume. Moreover, sulphur production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 7.4% share.

What are the leading suppliers of sulphur to Singapore?

In value terms, South Korea constituted the largest supplier of sulphur to Singapore, comprising 63% of total imports. The second position in the ranking was occupied by the United States, with an 18% share of total imports.

What are the leading importers of sulphur from Singapore?

In value terms, the largest markets for sulphur exported from Singapore were Indonesia, Malaysia and India, with a combined 87% share of total exports. These countries were followed by Thailand and China, which together accounted for a further 13%.

What is the average export price for sulphur in Singapore?

In 2021, the average sulphur export price amounted to $97 per ton, picking up by 36% against the previous year.

What is the average import price for sulphur in Singapore?

In 2021, the average sulphur import price amounted to $105 per ton, surging by 9.8% against the previous year.

This report provides an in-depth analysis of the sulphur market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023