Southern Asia: Sulphites Market 2024

Sulphites Market Size in Southern Asia

In 2022, the South Asian sulphites market decreased by -0.5% to $X for the first time since 2011, thus ending a ten-year rising trend. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.0% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2021, and then reduced modestly in the following year.

Sulphites Production in Southern Asia

In value terms, sulphites production shrank to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sulphites Exports

Exports in Southern Asia

In 2022, exports of sulphites in Southern Asia expanded notably to X tons, increasing by 12% against the previous year. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, sulphites exports soared to $X in 2022. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 71%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 100% of total export.

India was also the fastest-growing in terms of the sulphites exports, with a CAGR of +15.2% 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 sulphites supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +16.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 +0.9% per year.

Sulphites Imports

Imports in Southern Asia

In 2022, the amount of sulphites imported in Southern Asia reached X tons, picking up by 1.6% against 2021 figures. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +26.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 28%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, sulphites imports skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +66.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) and Bangladesh (X tons) represented the major importers of sulphites in Southern Asia, together recording approx. 72% of total imports. Pakistan (X tons) ranks next in terms of the total imports with a 21% share, followed by Sri Lanka (5%). Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +8.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphites importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together accounting for 93% of total imports. Sri Lanka and Nepal lagged somewhat behind, together accounting for a further 6.9%.

Among the main importing countries, Sri Lanka, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 28% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :