Southern Asia: Sulphonamides Market 2024

Sulphonamides Market Size in Southern Asia

After three years of growth, the South Asian sulphonamides market decreased by -5.9% to $X in 2021. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.6% against 2016 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Sulphonamides Production in Southern Asia

In value terms, sulphonamides production declined to $X in 2021 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth was the most pronounced in 2013 with an increase of 75% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Sulphonamides Exports

Exports in Southern Asia

In 2021, approx. X tons of sulphonamides were exported in Southern Asia; surging by 12% compared with the previous year. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 81%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, sulphonamides exports expanded rapidly to $X in 2021. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 136% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together recording 99.9% of total export.

India was also the fastest-growing in terms of the sulphonamides exports, with a CAGR of +15.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sulphonamides supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +17.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the export price increased by 30% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, 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 2021, the rate of growth in terms of prices for India amounted to +1.9% per year.

Sulphonamides Imports

Imports in Southern Asia

In 2021, purchases abroad of sulphonamides increased by 29% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphonamides imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the major importer of sulphonamides, mixing up 58% of total imports. Pakistan (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons). All these countries together took near 40% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of sulphonamides. At the same time, Bangladesh (+6.9%) and Pakistan (+5.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +6.9% from 2012-2021. From 2012 to 2021, the share of Pakistan and Bangladesh increased by +6.9 and +5.6 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported sulphonamides in Southern Asia, comprising 55% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+15.9% per year) and Pakistan (+6.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, which is down by -4.8% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphonamides import price increased by +75.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 26%. The level of import peaked at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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