This article provides a comprehensive analysis of the United States thiosulphates market. It details a significant drop in domestic consumption in 2024 to 3.2K tons, contrasted with stable high production of 88K tons, leading to massive net exports of 93K tons. The market is forecast to grow modestly through 2035 with a volume CAGR of +1.5% and a value CAGR of +3.0%. Key trade dynamics show Vietnam as the dominant import supplier by value, while Mexico is the largest export destination by volume, with Turkey being a high-value export market. The analysis covers price trends, major trading partners, and historical performance from 2013.<\/p>\n
Key Findings<\/p>\n
US thiosulphates consumption collapsed in 2024, falling -87.8% to 3.2K tons, while production remained high at 88K tonsThe market is forecast for slow growth, with a +1.5% volume CAGR and +3.0% value CAGR projected from 2024 to 2035The US is a massive net exporter, with 2024 exports surging 33% to 93K tons, primarily to Mexico, Canada, and HondurasVietnam is the leading import source by value ($6.4M), while import prices from China are the lowest at $360 per tonExport prices vary extremely, from $124 per ton to Honduras to $6,385 per ton to Turkey, indicating product or grade differencesMarket Forecast<\/p>\n
Driven by rising demand for thiosulphates in the United States, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 3.7K tons by the end of 2035.<\/p>\n
In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2024 to 2035, which is projected to bring the market value to $3.5M (in nominal wholesale prices) by the end of 2035.<\/p>\n
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ConsumptionUnited States’s Consumption of Thiosulphates<\/p>\n
In 2024, thiosulphates consumption in the United States reduced remarkably to 3.2K tons, waning by -87.8% on the year before. Over the period under review, consumption recorded a sharp curtailment. Thiosulphates consumption peaked at 71K tons in 2013; however, from 2014 to 2024, consumption failed to regain momentum.<\/p>\n
The revenue of the thiosulphates market in the United States shrank significantly to $2.5M in 2024, with a decrease of -89.1% 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 saw a significant decline. Thiosulphates consumption peaked at $41M in 2013; however, from 2014 to 2024, consumption failed to regain momentum.<\/p>\n
ProductionUnited States’s Production of Thiosulphates<\/p>\n
In 2024, production of thiosulphates in the United States reached 88K tons, remaining constant against the year before. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1%. Thiosulphates production peaked at 88K tons in 2022; however, from 2023 to 2024, production failed to regain momentum.<\/p>\n
In value terms, thiosulphates production shrank slightly to $41M in 2024. Overall, the total production indicated mild growth from 2013 to 2024: its value increased at an average annual rate of +1.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +65.4% against 2020 indices. The pace of growth was the most pronounced in 2022 when the production volume increased by 25% against the previous year. Thiosulphates production peaked at $41M in 2023, and then reduced in the following year.<\/p>\n
ImportsUnited States’s Imports of Thiosulphates<\/p>\n
Thiosulphates imports into the United States stood at 8K tons in 2024, with an increase of 5.5% against the previous year. Overall, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked at 15K tons in 2022; however, from 2023 to 2024, imports failed to regain momentum.<\/p>\n
In value terms, thiosulphates imports fell to $8.3M in 2024. In general, total imports indicated temperate growth from 2013 to 2024: its value increased at an average annual rate of +3.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +72.6% against 2021 indices. The most prominent rate of growth was recorded in 2022 when imports increased by 72%. Imports peaked at $9.3M in 2023, and then declined in the following year.<\/p>\n
Imports By Country<\/p>\n
Vietnam<\/a> (4.2K tons), China<\/a> (3K tons) and India<\/a> (447 tons) were the main suppliers of thiosulphates imports to the United States, with a combined 95% share of total imports. These countries were followed by Germany<\/a>, which accounted for a further 1.1%.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.<\/p>\n In value terms, Vietnam ($6.4M) constituted the largest supplier of thiosulphates to the United States, comprising 77% of total imports. The second position in the ranking was taken by China ($1.1M), with a 13% share of total imports. It was followed by India, with a 3.7% share.<\/p>\n From 2013 to 2024, the average annual growth rate of value from Vietnam totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and India (+5.2% per year).<\/p>\n Import Prices By Country<\/p>\n The average thiosulphates import price stood at $1,029 per ton in 2024, with a decrease of -15.8% against the previous year. Overall, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2023 when the average import price increased by 117% against the previous year. As a result, import price reached the peak level of $1,222 per ton, and then fell significantly in the following year.<\/p>\n There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Germany ($1,893 per ton), while the price for China ($360 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced a decline.<\/p>\n ExportsUnited States’s Exports of Thiosulphates<\/p>\n After two years of decline, shipments abroad of thiosulphates increased by 33% to 93K tons in 2024. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 81% against the previous year. The exports peaked in 2024 and are expected to retain growth in years to come.<\/p>\n In value terms, thiosulphates exports skyrocketed to $49M in 2024. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 41%. The exports peaked in 2024 and are expected to retain growth in the near future.<\/p>\n Exports By Country<\/p>\n Mexico<\/a> (57K tons) was the main destination for thiosulphates exports from the United States, accounting for a 61% share of total exports. Moreover, thiosulphates exports to Mexico exceeded the volume sent to the second major destination, Canada<\/a> (14K tons), fourfold. The third position in this ranking was held by Honduras (7.1K tons), with a 7.7% share.<\/p>\n From 2013 to 2024, the average annual rate of growth in terms of volume to Mexico amounted to +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+3.4% per year) and Honduras (+83.9% per year).<\/p>\n In value terms, Mexico ($15M), Turkey<\/a> ($15M) and Canada ($6.7M) were the largest markets for thiosulphates exported from the United States worldwide, with a combined 76% share of total exports. Uruguay<\/a>, Honduras, Argentina<\/a> and France<\/a> lagged somewhat behind, together comprising a further 6.6%.<\/p>\n Among the main countries of destination, Uruguay, with a CAGR of +86.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.<\/p>\n Export Prices By Country<\/p>\n In 2024, the average thiosulphates export price amounted to $522 per ton, waning by -1.8% against the previous year. Over the period under review, the export price, however, showed a mild increase. The pace of growth was the most pronounced in 2022 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices reached the maximum at $532 per ton in 2023, and then contracted in the following year.<\/p>\n Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($6,385 per ton), while the average price for exports to Honduras ($124 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+38.3%), while the prices for the other major destinations experienced mixed trend patterns.<\/p>\n