Updated Jan 28, 2023 17:17

Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the United States

Market Overview
In , the U.S. market for organo-sulphur compounds and other organo-inorganic compounds increased by % to $, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a strong increase. Consumption of peaked in and is likely to continue growth in the near future.

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds totaled $ in . Overall, the total production indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in 2010 with an increase of %. Production of peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.


Consumption
In , consumption of organo-sulphur compounds and other organo-inorganic compounds increased by % to tons, rising for the third consecutive year after four years of decline. In general, consumption posted a buoyant increase. Over the period under review, consumption of reached the maximum volume in and is expected to retain growth in the near future.

The value of the market for organo-sulphur compounds and other organo-inorganic compounds in the United States skyrocketed to $ in , growing 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 resilient expansion. Consumption of peaked in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for organo-sulphur compounds and other organo-inorganic compounds in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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
Organo-sulphur compounds and other organo-inorganic compounds market in the United States remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. 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 increased moderately ( percentage point) over the period under review.


Trade Balance
The United States remains a net importer of organo-sulphur compounds and other organo-inorganic compounds; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.