Updated Nov 26, 2022 17:16

Sulphur Market in the United States

Market Overview
The U.S. sulphur market reached $ 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.

In value terms, sulphur production rose rapidly to $ in . Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced 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 lower figure.


Consumption
In , consumption of sulphur decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2008; however, from 2009 to , consumption remained at a lower figure.

The size of the sulphur market in the United States dropped modestly to $ in , with a decrease 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). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for sulphur in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
The United States 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.