Updated Nov 26, 2022 17:05

Sulphur Market in Kazakhstan

Market Overview
The Kazakh sulphur market stood at $ in , approximately mirroring 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 strong expansion. The growth pace was the most rapid in 2010 with a decrease of % against the previous year. Sulphur consumption peaked in and is likely to continue growth in the immediate term.

In value terms, sulphur production skyrocketed to $ in estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of %. As a result, production attained the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.


Consumption
In , approx. tons of sulphur were consumed in Kazakhstan; which is down by -% on the previous year's figure. Overall, consumption, however, showed a resilient increase. Over the period under review, consumption attained the maximum volume at tons in , and then declined in the following year.

The size of the sulphur market in Kazakhstan contracted to $ in , shrinking 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). In general, consumption, however, saw a resilient expansion. Sulphur consumption peaked at $ in , and then contracted 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
Over the period under review, imports of sulphur in Kazakhstan 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
Kazakhstan 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.