Turkey: Sulphur Market 2024

Sulphur Market Size in Turkey

In 2021, the Turkish sulphur market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Sulphur consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sulphur Production in Turkey

In value terms, sulphur production reached $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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Sulphur production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Sulphur Exports

Exports from Turkey

In 2021, overseas shipments of sulphur (sublimed or precipitated) and colloidal sulphur decreased by -94% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2017 when exports increased by 2,146% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, sulphur exports shrank notably to $X in 2021. Over the period under review, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2017 with an increase of 2,558%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for sulphur exports from Turkey, accounting for a 98% share of total exports. It was followed by Lebanon (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania totaled -23.9%.

In value terms, Tanzania ($X) emerged as the key foreign market for sulphur (sublimed or precipitated) and colloidal sulphur exports from Turkey, comprising 98% of total exports. The second position in the ranking was held by Lebanon ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tanzania totaled -22.8%.

Export Prices by Country

The average sulphur export price stood at $X per ton in 2021, rising by 35% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphur export price increased by +89.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 40%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Lebanon totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphur Imports

Imports into Turkey

In 2021, after two years of growth, there was significant decline in supplies from abroad of sulphur (sublimed or precipitated) and colloidal sulphur, when their volume decreased by -82.6% to X tons. Over the period under review, imports saw a precipitous setback. The growth pace was the most rapid in 2016 when imports increased by 393% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, sulphur imports contracted markedly to $X in 2021. In general, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 300% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of sulphur to Turkey, accounting for a 72% share of total imports. Moreover, sulphur imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The United States (X kg) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.5% per year) and the United States (+30.2% per year).

In value terms, the UK ($X) constituted the largest supplier of sulphur (sublimed or precipitated) and colloidal sulphur to Turkey, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-21.4% per year) and the United States (+20.5% per year).

Import Prices by Country

The average sulphur import price stood at $X per ton in 2021, jumping by 46% against the previous year. Over the period under review, the import price posted a noticeable increase. The pace of growth appeared the most rapid in 2017 an increase of 183% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the price for the Czech Republic ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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