China's Organo-Sulphur Compounds Market to See Slight Growth with +1.9% CAGR - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine - Market Analysis, Forecast, Size, Trends and Insights.

The demand for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides, and methionine in China is on the rise, signaling a positive consumption trend in the market. With an expected CAGR of +1.9% in volume and +2.0% in value from 2024 to 2035, the market is projected to reach 240K tons and $1.2B respectively by the end of 2035. Stay informed with the latest forecasted performance data and be prepared for growth opportunities in the industry.

Driven by rising demand for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market volume to 240K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $1.2B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine decreased by -22.9% to 195K tons, falling for the second consecutive year after eight years of growth. Overall, consumption saw a pronounced contraction. The pace of growth was the most pronounced in 2022 with an increase of 9.9% against the previous year. As a result, consumption reached the peak volume of 377K tons. From 2023 to 2024, the growth of the consumption of failed to regain momentum.

The revenue of the market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in China dropped significantly to $941M in 2024, shrinking by -20.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced contraction. As a result, consumption reached the peak level of $1.9B. From 2023 to 2024, the growth of the market failed to regain momentum.

In 2024, the amount of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine produced in China reached 806K tons, surging by 1.9% against 2023 figures. Over the period under review, the total production indicated a noticeable expansion from 2013 to 2024: its volume increased at an average annual rate of +4.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -1.8% against 2022 indices. The growth pace was the most rapid in 2017 when the production volume increased by 14% against the previous year. Production of peaked at 821K tons in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine rose sharply to $4B in 2024 estimated in export price. Overall, production recorded a strong expansion. The growth pace was the most rapid in 2022 with an increase of 27% against the previous year. As a result, production reached the peak level of $4.2B. From 2023 to 2024, production of growth remained at a lower figure.

In 2024, overseas purchases of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine were finally on the rise to reach 68K tons for the first time since 2020, thus ending a three-year declining trend. In general, imports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, imports of reached the peak figure at 93K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine stood at $393M in 2024. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of 25%. As a result, imports attained the peak of $481M. From 2023 to 2024, the growth of imports of remained at a somewhat lower figure.

The United States (24K tons), South Korea (12K tons) and Japan (12K tons) were the main suppliers of imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine to China, together accounting for 62% of total imports. Belgium, Malaysia, India and France lagged somewhat behind, together comprising a further 29%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine suppliers to China were the United States ($119M), Japan ($114M) and South Korea ($67M), with a combined 62% share of total imports. Belgium, India, France and Malaysia lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Malaysia, with a CAGR of +27.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2022, the average import price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $6,238 per ton, increasing by 34% against the previous year. Over the period under review, import price indicated resilient growth from 2013 to 2022: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by +69.3% against 2020 indices. As a result, import price attained 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 Japan ($9,492 per ton), while the price for Malaysia ($2,068 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

For the eighth year in a row, China recorded growth in shipments abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine, which increased by 14% to 679K tons in 2024. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 26%. The exports peaked in 2024 and are likely to continue growth in the near future.

In value terms, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine expanded to $2.3B in 2024. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2022 with an increase of 29%. As a result, the exports attained the peak of $3B. From 2023 to 2024, the growth of the exports of remained at a lower figure.

India (50K tons), the United States (42K tons) and South Korea (38K tons) were the main destinations of exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine from China, together accounting for 25% of total exports. Brazil, Russia, Indonesia, Thailand, Australia, Japan and Mexico lagged somewhat behind, together comprising a further 33%.

From 2013 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($442M), Brazil ($309M) and India ($299M) appeared to be the largest markets for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine exported from China worldwide, with a combined 35% share of total exports. South Korea, Japan, Russia, Indonesia, Thailand, Mexico and Australia lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Russia, with a CAGR of +26.0%, 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.

In 2022, the average export price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $5,704 per ton, increasing by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,612 per ton), while the average price for exports to Australia ($2,729 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles