Ukraine: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Ukraine

For the third year in a row, the Ukrainian market for organo-sulphur compounds and other organo-inorganic compounds recorded growth in sales value, which increased by 9.6% to $X in 2022. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Ukraine

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 -11.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 83%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Ukraine

In 2022, overseas shipments of organo-sulphur compounds and other organo-inorganic compounds decreased by -38.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 217% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds shrank sharply to $X in 2022. In general, exports, however, saw measured growth. The pace of growth appeared the most rapid in 2021 when exports increased by 161%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

The United States (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Ukraine, with a combined 64% share of total exports. Latvia, Belgium, Hungary, Moldova, Germany and Poland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +193.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Ukraine were the United States ($X), Latvia ($X) and Russia ($X), with a combined 81% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +102.0%, recorded 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, rising by 24% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 the United States (+10.8%), 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 Ukraine

In 2022, imports of organo-sulphur compounds and other organo-inorganic compounds into Ukraine was estimated at X tons, with an increase of 3.4% against the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 25% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds rose significantly to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest organo-sulphur compounds and other organo-inorganic compounds supplier to Ukraine, with a 46% 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, Belgium (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+25.8% per year) and Spain (+56.5% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Ukraine, comprising 38% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by Spain, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+29.4% per year) and Spain (+48.8% 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, rising by 4.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 19%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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