Singapore - Chromates, Dichromates And Peroxochromates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChromates Price in Singapore - 2022
Contents:
- Chromates Price in Singapore (CIF) - 2022
- Chromates Price in Singapore (FOB) - 2022
- Chromates Imports in Singapore
- Chromates Exports in Singapore
Chromates Price in Singapore (CIF) - 2022
The average chromates import price stood at $5,112 per ton in 2022, shrinking by -7.9% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromates import price decreased by -32.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 80%. As a result, import price reached the peak level of $7,550 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($24,764 per ton), while the price for South Africa ($2,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Chromates Price in Singapore (FOB) - 2022
In 2022, the average chromates export price amounted to $8,518 per ton, growing by 31% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromates export price increased by +94.7% against 2016 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 58% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 China ($22,643 per ton), while the average price for exports to Malaysia ($3,304 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 Myanmar (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
Chromates Imports in Singapore
After three years of growth, overseas purchases of chromates, dichromates and peroxochromates decreased by -16.6% to 54 tons in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports reached the peak of 64 tons, and then shrank sharply in the following year.
In value terms, chromates imports contracted markedly to $274K in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of $357K, and then fell notably in the following year.
Import of Chromates in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 85.5 | 133 | 167 | 94.6 | 3.4% |
Germany | 43.3 | 42.3 | 61.9 | 60.9 | 12.0% |
South Africa | 29.7 | 22.4 | 42.9 | 57.3 | 24.5% |
United States | 33.7 | 12.5 | 40.4 | 49.7 | 13.8% |
Malaysia | 23.4 | 21.7 | 29.4 | 8.8 | -27.8% |
Russia | 14.1 | 17.9 | 3.2 | N/A | -52.4% |
Others | 16.1 | 9.8 | 11.9 | 2.9 | -43.5% |
Total | 246 | 259 | 357 | 274 | 3.7% |
Top Suppliers of Chromates to Singapore in 2022:
- South Africa (20.0 tons)
- Germany (16.2 tons)
- United States (12.2 tons)
- Japan (3.8 tons)
- Malaysia (0.9 tons)
Chromates Exports in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of chromates, dichromates and peroxochromates, when their volume decreased by -57.2% to 13 tons. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of 32 tons, and then fell sharply in the following year.
In value terms, chromates exports fell significantly to $115K in 2022. Overall, exports, however, continue to indicate temperate growth. The growth pace was the most rapid in 2020 when exports increased by 51%.
Export of Chromates in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 0.3 | 0.5 | 0.9 | 46.3 | 436.4% |
Indonesia | 57.9 | 62.8 | 66.1 | 24.3 | -25.1% |
Vietnam | 14.3 | 29.2 | 14.7 | 15.8 | 3.4% |
Malaysia | 23.5 | 47.5 | 81.5 | 10.0 | -24.8% |
China | 0.2 | 0.1 | 6.8 | 9.4 | 260.9% |
Cambodia | N/A | 2.9 | 18.1 | N/A | 524.1% |
Others | 10.2 | 17.6 | 17.1 | 9.0 | -4.1% |
Total | 106 | 161 | 205 | 115 | 2.8% |
Top Export Markets for Chromates from Singapore in 2022:
- Indonesia (4.5 tons)
- Malaysia (3.0 tons)
- Vietnam (2.7 tons)
- Philippines (2.5 tons)
- China (0.4 tons)
This report provides an in-depth analysis of the chromates 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 20135125 - Chromates and dichromates, peroxochromates
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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