GCC: Sulphur Market 2024

Sulphur Market Size in GCC

The GCC sulphur market fell modestly to $X in 2023, which is down by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Sulphur Production in GCC

In value terms, sulphur production contracted slightly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Sulphur Exports

Exports in GCC

In 2023, approx. X tons of sulphur (sublimed or precipitated) and colloidal sulphur were exported in GCC; growing by X% compared with 2022 figures. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, sulphur exports rose sharply to $X in 2023. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Oman was the major exporter of sulphur (sublimed or precipitated) and colloidal sulphur in GCC, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons) and Bahrain (X tons), together making up a X% share of total exports.

Oman was also the fastest-growing in terms of the sulphur (sublimed or precipitated) and colloidal sulphur exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Bahrain (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest sulphur supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Bahrain ($X).

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Sulphur Imports

Imports in GCC

In 2023, imports of sulphur (sublimed or precipitated) and colloidal sulphur in GCC expanded remarkably to X tons, picking up by X% on 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, sulphur imports reduced to $X in 2023. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Bahrain (X tons), achieving a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sulphur (sublimed or precipitated) and colloidal sulphur in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest.

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Source: IndexBox Platform