South-Eastern Asia: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in South-Eastern Asia

The Southeast Asian sulphides, dithionites and sulphoxylates market shrank to $X in 2022, declining by -5.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in South-Eastern Asia

In value terms, sulphides, dithionites and sulphoxylates production stood at $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in South-Eastern Asia

In 2022, shipments abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 38% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 117%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines prevails in exports structure, recording X tons, which was approx. 75% of total exports in 2022. Singapore (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together held approx. 15% share of total exports. Thailand (X tons), Vietnam (X tons), Myanmar (X tons) and Indonesia (X tons) held a relatively small share of total exports.

Exports from the Philippines decreased at an average annual rate of -21.9% from 2012 to 2022. At the same time, Malaysia (+9.1%) and Vietnam (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +9.1% from 2012-2022. Myanmar experienced a relatively flat trend pattern. By contrast, Thailand (-1.2%), Singapore (-4.1%) and Indonesia (-8.4%) illustrated a downward trend over the same period. Singapore (+7.1 p.p.), Malaysia (+6 p.p.), Thailand (+3.2 p.p.), Vietnam (+2.6 p.p.) and Myanmar (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the Philippines saw its share reduced by -22.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) emerged as the largest sulphides, dithionites and sulphoxylates supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Singapore ($X), with a 4% share of total exports. It was followed by Thailand, with a 2% share.

In the Philippines, sulphides, dithionites and sulphoxylates exports decreased by an average annual rate of -17.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-1.9% per year) and Thailand (+17.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 596% against the previous year. In general, the export price enjoyed a temperate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.6%), while the other leaders experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in South-Eastern Asia

In 2022, the amount of sulphides, polysulphides, dithionites and sulphoxylates imported in South-Eastern Asia contracted to X tons, reducing by -9.9% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports expanded rapidly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of sulphides, dithionites and sulphoxylates imports in 2022 were Vietnam (X tons), Thailand (X tons) and Indonesia (X tons), together reaching 82% of total import. Malaysia (X tons) held a 6.2% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (5%). The following importers - the Philippines (X tons) and Lao People's Democratic Republic (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphides, dithionites and sulphoxylates importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined 76% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +11.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 21% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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