Updated Nov 26, 2022 17:05

Sulphur Market in Japan

Market Overview
The Japanese sulphur market contracted to $ in , falling 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, recorded a relatively flat trend pattern. Sulphur consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.

In value terms, sulphur production dropped markedly to $ in estimated in export price. Overall, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.


Consumption
Sulphur consumption in Japan amounted to tons in , approximately mirroring . Overall, consumption saw a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2012; however, from 2013 to , consumption remained at a lower figure.

The size of the sulphur market in Japan was estimated at $ in , with an increase of % 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 saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for sulphur in Japan, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
Over the period under review, imports of sulphur in Japan were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for sulphur. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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
Japan remains a net exporter of sulphur; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.