Updated Nov 26, 2022 17:10

Sulphur Market in Russia

Market Overview
The Russian sulphur market skyrocketed to $ in , rising 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). Overall, consumption enjoyed a strong increase. Sulphur consumption peaked in and is expected to retain growth in the near future.

In value terms, sulphur production expanded significantly to $ in estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to , production failed to regain momentum.


Consumption
In , after two years of growth, there was decline in consumption of sulphur, when its volume decreased by -% to tons. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, consumption reached the maximum volume at tons in , and then declined modestly in the following year.

The size of the sulphur market in Russia contracted modestly to $ in , therefore, remained relatively stable 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, recorded a buoyant expansion. Over the period under review, the market hit record highs at $ in , and then dropped in the following year.


Market Forecast
The sulphur market is expected to start a downward consumption trend over the next eight years. 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 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
Russia 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.