Singapore - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Singapore - 2022
Contents:
- Alkyd Resins Price in Singapore (CIF) - 2022
- Alkyd Resins Price in Singapore (FOB) - 2022
- Alkyd Resins Imports in Singapore
- Alkyd Resins Exports in Singapore
Alkyd Resins Price in Singapore (CIF) - 2022
The average alkyd resins import price stood at $3,001 per ton in September 2022, stabilizing at the previous month. In general, import price indicated a perceptible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, alkyd resins import price decreased by -5.1% against July 2022 indices. The growth pace was the most rapid in January 2022 when the average import price increased by 33% month-to-month. The import price peaked at $3,163 per ton in July 2022; however, from August 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Germany ($5,349 per ton), while the price for Malaysia ($2,827 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkyd Resins Price in Singapore (FOB) - 2022
In 2022, the average alkyd resins export price amounted to $3,539 per ton, surging by 5.1% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins export price decreased by -28.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56%. As a result, the export price attained the peak level of $5,175 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($4,972 per ton), while the average price for exports to Bangladesh ($1,258 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Alkyd Resins Imports in Singapore
Alkyd resins imports into Singapore shrank to 3.5K tons in 2022, reducing by -11% compared with 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 10%.
In value terms, alkyd resins imports expanded to $7.1M in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year.
| Import of Alkyd Resins in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.8 | 3.5 | 5.2 | 5.1 | -4.2% |
| United Arab Emirates | 0.3 | 0.4 | 0.6 | 0.9 | 44.2% |
| Indonesia | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| Taiwan (Chinese) | 1.5 | 0.7 | 0.3 | 0.3 | -41.5% |
| Others | 0.7 | 0.7 | 0.7 | 0.4 | -17.0% |
| Total | 8.5 | 5.6 | 6.9 | 7.1 | -5.8% |
Top Suppliers of Alkyd Resins to Singapore in 2022:
- Malaysia (2546.3 tons)
- United Arab Emirates (490.5 tons)
- Indonesia (202.3 tons)
- Taiwan (Chinese) (116.7 tons)
Alkyd Resins Exports in Singapore
In 2022, approx. 337 tons of alkyd resins in primary forms were exported from Singapore; falling by -58.8% compared with the previous year's figure. In general, exports showed a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year.
In value terms, alkyd resins exports fell dramatically to $1.2M in 2022. Over the period under review, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.
| Export of Alkyd Resins in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 202 | 248 | 329 | 363 | 21.6% |
| Vietnam | 89.2 | 103 | 191 | 273 | 45.2% |
| Indonesia | 2,995 | 886 | 687 | 261 | -55.7% |
| Myanmar | N/A | 2.3 | N/A | 64.9 | 431.2% |
| China | 140 | 61.9 | 72.0 | 64.0 | -23.0% |
| Bangladesh | 20.9 | N/A | 46.7 | 42.1 | 26.3% |
| Egypt | N/A | 32.6 | 20.5 | 40.2 | 11.0% |
| Turkey | N/A | N/A | 857 | N/A | 0% |
| Others | 299 | 1,088 | 553 | 84.4 | -34.4% |
| Total | 3,745 | 2,422 | 2,757 | 1,193 | -31.7% |
Top Export Markets for Alkyd Resins from Singapore in 2022:
- Indonesia (74.6 tons)
- Malaysia (73.0 tons)
- Vietnam (70.4 tons)
- Bangladesh (33.4 tons)
- Myanmar (28.3 tons)
- China (25.1 tons)
- Egypt (15.4 tons)
This report provides an in-depth analysis of the alkyd resins market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20164050 - Alkyd resins, in primary forms
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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