Singapore - Amino-Resins, Phenolic Resins And Polyurethanes (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Singapore - Amino-Resins, Phenolic Resins And Polyurethanes (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Amino-Resin Price in Singapore - 2022

Contents:

  1. Amino-Resin Price in Singapore (FOB) - 2022
  2. Amino-Resin Price in Singapore (CIF) - 2022
  3. Amino-Resin Exports in Singapore
  4. Amino-Resin Imports in Singapore

Amino-Resin Price in Singapore (FOB) - 2022

The average amino-resin export price stood at $3,740 per ton in September 2022, therefore, remained relatively stable against the previous month. Overall, export price indicated a measured increase from September 2021 to September 2022: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, amino-resin export price decreased by -13.2% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 25% against the previous month. The export price peaked at $4,308 per ton in July 2022; however, from August 2022 to September 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Malaysia ($6,679 per ton), while the average price for exports to Cambodia ($1,149 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Price in Singapore (CIF) - 2022

The average amino-resin import price stood at $5,133 per ton in September 2022, shrinking by -26.2% against the previous month. In general, import price indicated perceptible growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, amino-resin import price increased by +20.3% against June 2022 indices. The pace of growth was the most pronounced in August 2022 an increase of 37% m-o-m. As a result, import price attained the peak level of $6,951 per ton, and then dropped dramatically in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,956 per ton), while the price for Malaysia ($2,574 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 Japan (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Amino-Resin Exports in Singapore

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Singapore dropped to 121K tons, with a decrease of -10.8% compared with the year before. In general, exports saw a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by 9.9%. As a result, the exports attained the peak of 136K tons, and then shrank in the following year.

In value terms, amino-resin exports fell slightly to $342M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $357M, and then shrank modestly in the following year.

Export of Amino-Resin in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India78.057.184.376.3-0.7%
China37.439.850.442.03.9%
Thailand32.026.335.841.18.7%
Indonesia30.025.930.631.71.9%
Malaysia36.332.029.129.0-7.2%
Vietnam24.724.222.320.3-6.3%
Philippines8.69.613.813.415.9%
Pakistan10.37.312.611.84.6%
Cambodia3.58.011.19.037.0%
United States9.39.614.07.2-8.2%
Saudi Arabia4.76.46.07.114.7%
Australia4.24.45.36.616.3%
South Africa3.12.95.05.823.2%
Others33.928.936.440.66.2%
Total3162823573422.7%

Top Export Markets for Amino-Resin from Singapore in 2022:

  1. India (27.9K tons)
  2. Thailand (16.6K tons)
  3. Indonesia (13.2K tons)
  4. Cambodia (10.9K tons)
  5. China (10.6K tons)
  6. Malaysia (7.0K tons)
  7. Vietnam (6.6K tons)
  8. Philippines (4.3K tons)
  9. Pakistan (3.7K tons)
  10. Australia (2.6K tons)
  11. United States (2.5K tons)
  12. Saudi Arabia (2.2K tons)
  13. South Africa (2.0K tons)

Amino-Resin Imports in Singapore

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) imported into Singapore fell dramatically to 44K tons, which is down by -17.6% against the year before. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 53K tons, and then shrank significantly in the following year.

In value terms, amino-resin imports shrank to $143M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of $157M, and then contracted in the following year.

Import of Amino-Resin in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia24.421.943.340.418.3%
Japan19.021.227.025.09.6%
United States12.09.113.914.77.0%
Germany14.911.514.914.4-1.1%
China9.29.713.09.1-0.4%
Netherlands6.04.58.96.63.2%
Indonesia5.34.16.14.2-7.5%
Malaysia4.72.43.43.3-11.1%
Taiwan (Chinese)4.63.73.73.1-12.3%
India5.59.14.92.8-20.2%
Italy4.03.73.41.4-29.5%
Others13.910.814.818.510.0%
Total1231121571435.2%

Top Suppliers of Amino-Resin to Singapore in 2022:

  1. Saudi Arabia (20.6K tons)
  2. Japan (3.9K tons)
  3. United States (3.4K tons)
  4. China (2.7K tons)
  5. Germany (2.7K tons)
  6. Netherlands (2.1K tons)
  7. Indonesia (1.7K tons)
  8. Malaysia (1.2K tons)
  9. Taiwan (Chinese) (0.9K tons)
  10. India (0.8K tons)
  11. Italy (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino-resin 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 20165550 - Urea resins and thiourea resins, in primary forms
  • Prodcom 20165570 - Melamine resins, in primary forms
  • Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
  • Prodcom 20165650 - Phenolic resins, in primary forms
  • Prodcom 20165670 - Polyurethanes, 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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