Carbonates; Potassium Carbonate Price in Singapore - 2022
Contents:
- Carbonates; Potassium Carbonate Price in Singapore (CIF) - 2022
- Carbonates; Potassium Carbonate Price in Singapore (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Singapore
- Carbonates; Potassium Carbonate Exports in Singapore
Carbonates; Potassium Carbonate Price in Singapore (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,018 per ton in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 5.2% against the previous year. The import price peaked at $1,378 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,716 per ton), while the price for Thailand ($827 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.8%), while the prices for the other major suppliers experienced a decline.
Carbonates; Potassium Carbonate Price in Singapore (FOB) - 2022
In 2022, the average carbonates; potassium carbonate export price amounted to $663 per ton, rising by 1.6% against the previous year. In general, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 39%. The export price peaked at $3,018 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($3,619 per ton), while the average price for exports to China ($195 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 Japan (-1.1%), while the prices for the other major destinations experienced a decline.
Carbonates; Potassium Carbonate Imports in Singapore
In 2022, after two years of decline, there was significant growth in overseas purchases of carbonates; potassium carbonates, when their volume increased by 130% to 3.5K tons. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; potassium carbonate imports soared to $3.5M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 229 | 548 | 618 | 1,291 | 78.0% |
| United States | 844 | 730 | 426 | 1,226 | 13.3% |
| Thailand | 322 | 68.5 | 210 | 438 | 10.8% |
| Germany | 111 | 127 | 162 | 338 | 44.9% |
| Others | 111 | 131 | 128 | 235 | 28.4% |
| Total | 1,617 | 1,605 | 1,544 | 3,528 | 29.7% |
Top Suppliers of Carbonates; Potassium Carbonate to Singapore in 2022:
- United States (1399.1 tons)
- South Korea (1357.3 tons)
- Thailand (529.7 tons)
- Germany (90.9 tons)
Carbonates; Potassium Carbonate Exports in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of carbonates; potassium carbonates, when their volume decreased by -10.2% to 481 tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 147%.
In value terms, carbonates; potassium carbonate exports contracted to $319K in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, the exports reached the peak of $638K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Carbonates; Potassium Carbonate in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 357 | 512 | 133 | 194 | -18.4% |
| Indonesia | 2.1 | 19.1 | 52.2 | 30.8 | 144.8% |
| China | 5.0 | 15.0 | 50.7 | 29.9 | 81.5% |
| Malaysia | 54.3 | 39.8 | 36.8 | 25.4 | -22.4% |
| Sri Lanka | 23.6 | 27.6 | 31.6 | 18.6 | -7.6% |
| Philippines | 0.3 | 7.6 | 12.3 | 7.3 | 189.8% |
| South Korea | 4.6 | 11.2 | 9.3 | 5.5 | 6.1% |
| Others | 3.1 | 5.5 | 23.3 | 7.3 | 33.0% |
| Total | 450 | 638 | 350 | 319 | -10.8% |
Top Export Markets for Carbonates; Potassium Carbonate from Singapore in 2022:
- Thailand (210.6 tons)
- China (153.7 tons)
- Sri Lanka (41.9 tons)
- Malaysia (32.6 tons)
- Philippines (15.6 tons)
- South Korea (13.7 tons)
- Indonesia (8.5 tons)
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