What Is The Market For Sulphur In India?
Is Sulphur Available In India?
According to the latest available data, India was ranked as the second-largest exporter of sulfur in the world in 2021. It exported totaling $24.6 million sulfur in 2021.
Sulfur is an important chemical element that is widely used in various industries, such as agriculture, chemical manufacturing, health care products, and petroleum refining.
India’s sulfur exports are likely driven by its abundant natural resources of sulfur, as well as the country’s growing chemical and industrial sectors.
Additionally, sulfur is a critical component in the manufacturing of fertilizers, which are in high demand worldwide due to the need to increase agricultural yields to feed a huge population.
Overall, India’s rank as the second-largest sulfur exporter in the world shows its importance in the global market and its potential for further improvement in the future.
What Was The Rank Of Sulphur Among The Exported Products of India In 2021?
As mentioned, India was the second largest exporter of sulfur worldwide in 2021.
Interestingly, despite the fact that India was a significant exporter of sulfur in 2021, it was not among the most commonly exported products in India.
In fact, it was ranked as the 689th most exported product in India!
This suggests that India’s economy is diverse and exports a wide range of goods, not just sulfur!
The top exports of India includes:
- Packaged Medicaments
Which State Is The Leading Producer Of Sulphur In India?
According to Vedantu, Uttar Pradesh is the major producer of sulfur in India.
11% of the India’s total sulfur is produced in Uttar Pradesh.
After Uttar Pradesh, West Bengal is the second-largest sulfur producer, contributing about 10% of the total sulfur production, while Bihar and Assam contribute about 2% each.
What Are The Main Destinations Of India’s Sulfur?
|Destination Country||Sulfur Export Value (in millions of USD)|
This table summarizes the main destination countries for India’s sulfur exports in 2021 and their corresponding export values in millions of US dollars.
The United States is the largest importer of Indian sulfur, followed by the Netherlands, Indonesia, Thailand, and Russia.
What Are The Fastest-Growing Export Markets For India’s Sulfur Between 2020 And 2021?
|Destination Country||Sulfur Export Growth (in thousands of USD)|
During 2020-2021, Indonesia saw the largest progress, with an increase in sulfur exports of $806,000 USD.
Germany and Slovenia also saw significant development, with export increases of $789,000 USD and $628,000 USD, respectively.
The growth in these markets suggests a rising demand for sulfur in these countries, which could be driven by various factors such as increased industrial production or agriculture activities.
Sulfur Import In India
What is the demand of sulphur in India?
The sulfur market analysis demonstrated that in 2021, India was the 13th largest sulfur importer in the world. India imported $4.05 million USD sulfur in 2021.
This shows that there is a significant demand for sulfur in India, which cannot be met by domestic production alone.
Despite being a major sulfur producer, India still imports a substantial amount of sulfur to meet its demand for various industries.
What Was The Rank Of Sulphur Among The Imported Products of India In 2021?
Sulfur was the 966th most imported product in India in 2021.
It indicates that sulfur imports do not account for a significant proportion of India’s overall imports.
However, given the importance of sulfur in various industries, the demand for sulfur is expected to continue to grow in India, making it an important commodity for the country’s economic progress.
What Are The Main Sources Of The Imported Sulfur To India?
|Country of Origin||Sulfur Import Value (in millions of USD)|
It shows the top countries of origin for India’s sulfur imports in 2021 and their corresponding import values in millions of US dollars.
Chinese Taipei is the largest supplier of sulfur to India, accounting for the majority of India’s sulfur imports at $3.6 million USD.
Germany, South Korea, China, and Serbia are also among the leading sulfur import partners for India, but their import values are relatively smaller compared to Chinese Taipei.
The import of sulfur from these countries may be driven by factors like:
- sulfur availability
- trade contracts between India and these countries
What Are The Fastest-Growing Markets For Sulfur Import To India Between 2020 And 2021?
|Country of Origin||Sulfur Import Growth (in thousands of USD)|
During 2020 and 2021, Chinese Taipei saw the largest growth, with a growth in sulfur imports of $2.77 million USD.
Serbia and Germany also saw significant growth, with import increases of $61.2 thousand USD and $45.4 thousand USD, respectively.
Tariff Rates for Sulfur Imports in India
In 2018, India had an average tariff rate of 6.14% on imports of sulfur.
This means that sulfur imports into India were subject to this average tariff rate, which could have implications for the competitiveness and affordability of sulfur in the Indian market.
The countries with the highest import tariffs for sulfur were Angola, Botswana, Cote d’Ivoire, Cameroon, and the Democratic Republic of the Congo, all of which had a Most Favoured Nation duty rate treatment of 7.5% on sulfur imports.
|Country||Import Tariff for Sulfur|
|Democratic Republic of the Congo||7.5%|