Southern Asia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Southern Asia

The South Asian market for organo-sulphur compounds and other organo-inorganic compounds declined slightly to $X in 2022, with a decrease of -3.1% against the previous year. In general, consumption recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Southern Asia

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds dropped modestly to $X in 2022 estimated in export price. In general, production faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 8.9%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in Southern Asia

For the sixth year in a row, Southern Asia recorded growth in overseas shipments of organo-sulphur compounds and other organo-inorganic compounds, which increased by 20% to X tons in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds expanded markedly to $X in 2022. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 32%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the organo-sulphur compounds and other organo-inorganic compounds exports, with a CAGR of +12.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in Southern Asia.

In India, exports of organo-sulphur compounds and other organo-inorganic compounds increased at an average annual rate of +13.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, dropping by -5.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.4% per year.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in Southern Asia

In 2022, overseas purchases of organo-sulphur compounds and other organo-inorganic compounds decreased by -5.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.8% against 2012 indices. The pace of growth was the most pronounced in 2014 when imports increased by 31%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds stood at $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India prevails in compounds structure, resulting at X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Pakistan (X tons) and Bangladesh (X tons), together mixing up a 14% share of total imports. Sri Lanka (X tons) held a relatively small share of total imports.

India was also the fastest-growing in terms of the organo-sulphur compounds and other organo-inorganic compounds imports, with a CAGR of +8.4% from 2012 to 2022. At the same time, Pakistan (+3.1%) and Bangladesh (+2.9%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. While the share of India (+9.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-2.4 p.p.), Sri Lanka (-3.1 p.p.) and Pakistan (-4 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported organo-sulphur compounds and other organo-inorganic compounds in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Pakistan ($X), with a 9.9% share of total imports. It was followed by Bangladesh, with a 3.2% share.

In India, imports of organo-sulphur compounds and other organo-inorganic compounds increased at an average annual rate of +9.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+4.4% per year) and Bangladesh (+0.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import 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 importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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