Updated Nov 26, 2022 16:56

Sulphur Market in Australia

Market Overview
The Australian sulphur market skyrocketed to $ in , picking up by % 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). Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, sulphur production soared to $ in estimated in export price. In general, production continues to indicate perceptible growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.


Consumption
In , consumption of sulphur decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak volume of tons, and then dropped modestly in the following year.

The value of the sulphur market in Australia declined slightly to $ in , waning by -% 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). Over the period under review, consumption, however, saw a strong expansion. As a result, consumption reached the peak level of $, and then dropped modestly in the following year.


Market Forecast
The sulphur market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Australia remains a net importer of sulphur; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.