Southern Asia: Sulphur Market 2024

Sulphur Market Size in Southern Asia

In 2021, the South Asian sulphur market increased by 2.3% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sulphur Production in Southern Asia

In value terms, sulphur production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sulphur Exports

Exports in Southern Asia

In 2021, overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 38%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, sulphur exports expanded remarkably to $X in 2021. Over the period under review, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2016 when exports increased by 64%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

India was also the fastest-growing in terms of the sulphur (sublimed or precipitated) and colloidal sulphur exports, with a CAGR of +2.9% 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 sulphur supplier in Southern Asia.

In India, sulphur exports contracted by an average annual rate of -1.1% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, waning by -5.7% against the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a 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 -3.8% per year.

Sulphur Imports

Imports in Southern Asia

In 2021, purchases abroad of sulphur (sublimed or precipitated) and colloidal sulphur increased by 40% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 95%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sulphur imports soared to $X in 2021. Overall, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 186%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) represented the largest importer of sulphur (sublimed or precipitated) and colloidal sulphur, committing 69% of total imports. It was distantly followed by Sri Lanka (X tons), achieving a 30% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to sulphur imports into India stood at -15.3%. At the same time, Sri Lanka (+18.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +18.0% from 2012-2021. From 2012 to 2021, the share of Sri Lanka increased by +28 percentage points.

In value terms, India ($X) constitutes the largest market for imported sulphur (sublimed or precipitated) and colloidal sulphur in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Sri Lanka ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at -4.7%.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 42% against the previous year. Over the period under review, the import price showed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 108% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.5%).

Source: IndexBox Platform

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