U.S.: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the U.S.

In 2022, the U.S. market for organo-sulphur compounds and other organo-inorganic compounds increased by 67% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw a significant expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the U.S.

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds expanded slightly to $X in 2022. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 15%. Production of peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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

Exports from the U.S.

In 2022, approx. X tons of organo-sulphur compounds and other organo-inorganic compounds were exported from the United States; increasing by 4.2% against the previous year. Overall, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 6.2%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Brazil (X tons) and Argentina (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from the United States, together comprising 58% of total exports. Mexico, Canada, China, India, Japan, Colombia, South Korea and the Netherlands lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +2.6%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Brazil ($X) and Argentina ($X) constituted the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from the United States worldwide, with a combined 43% share of total exports. Canada, Mexico, China, South Korea, Japan, India, the Netherlands and Colombia lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, India, with a CAGR of +4.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2022, purchases abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 25% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.9% 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 +53.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 27%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest organo-sulphur compounds and other organo-inorganic compounds supplier to the United States, accounting for a 57% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.5% per year) and Thailand (+60.3% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to the United States, comprising 67% of total imports. The second position in the ranking was taken by India ($X), with a 7.2% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.1% per year) and Germany (-0.8% per year).

Import Prices by Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, growing by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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