Singapore - Epoxide Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEpoxide Resin Price in Singapore - 2022
Contents:
- Epoxide Resin Price in Singapore (FOB) - 2022
- Epoxide Resin Price in Singapore (CIF) - 2022
- Epoxide Resin Exports in Singapore
- Epoxide Resin Imports in Singapore
Epoxide Resin Price in Singapore (FOB) - 2022
In 2022, the average epoxide resin export price amounted to $10,494 per ton, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($18,922 per ton), while the average price for exports to Indonesia ($4,751 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 Morocco (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Epoxide Resin Price in Singapore (CIF) - 2022
In September 2022, the average epoxide resin import price amounted to $8,433 per ton, shrinking by -20.4% against the previous month. In general, import price indicated a mild increase from September 2021 to September 2022: its price increased at an average monthly rate of +1.3% 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, epoxide resin import price decreased by -20.4% against August 2022 indices. The pace of growth was the most pronounced in July 2022 when the average import price increased by 31% month-to-month. The import price peaked at $10,598 per ton in August 2022, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($32,216 per ton), while the price for Taiwan (Chinese) ($3,880 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 States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Epoxide Resin Exports in Singapore
Epoxide resin exports from Singapore declined to 22K tons in 2022, which is down by -8.6% against the previous year. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 24K tons, and then shrank in the following year.
In value terms, epoxide resin exports reached $231M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Epoxide Resin in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 35.1 | 34.0 | 43.8 | 52.5 | 14.4% |
Thailand | 27.5 | 32.2 | 41.5 | 42.6 | 15.7% |
Malaysia | 40.2 | 38.4 | 41.6 | 40.0 | -0.2% |
Indonesia | 27.6 | 24.6 | 37.3 | 39.7 | 12.9% |
China | 6.6 | 6.8 | 11.6 | 15.2 | 32.1% |
Morocco | 3.1 | 2.7 | 6.0 | 7.9 | 36.6% |
Hong Kong SAR | 7.4 | 9.8 | 9.4 | 2.8 | -27.7% |
Australia | 2.9 | 3.8 | 5.0 | 2.3 | -7.4% |
Vietnam | 2.1 | 1.8 | 2.8 | 2.1 | 0.0% |
Others | 15.6 | 15.5 | 29.6 | 26.2 | 18.9% |
Total | 168 | 170 | 229 | 231 | 11.2% |
Top Export Markets for Epoxide Resin from Singapore in 2022:
- Indonesia (8.4K tons)
- Philippines (3.1K tons)
- Thailand (3.1K tons)
- Malaysia (2.5K tons)
- China (0.9K tons)
- Australia (0.5K tons)
- Morocco (0.4K tons)
- Vietnam (0.2K tons)
- Hong Kong SAR (0.2K tons)
Epoxide Resin Imports in Singapore
Epoxide resin imports into Singapore reduced to 16K tons in 2022, which is down by -7.4% compared with the previous year. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
In value terms, epoxide resin imports fell to $107M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports reached the peak of $116M, and then fell in the following year.
Import of Epoxide Resin in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 34.0 | 33.7 | 39.0 | 36.8 | 2.7% |
Taiwan (Chinese) | 11.9 | 9.8 | 19.8 | 15.6 | 9.4% |
Malaysia | 13.3 | 12.1 | 14.5 | 14.1 | 2.0% |
United States | 13.5 | 8.9 | 9.3 | 11.0 | -6.6% |
Thailand | 3.8 | 3.8 | 14.0 | 10.4 | 39.9% |
China | 3.6 | 1.7 | 5.2 | 5.0 | 11.6% |
South Korea | 4.5 | 3.3 | 4.4 | 4.3 | -1.5% |
Germany | 4.5 | 3.5 | 2.5 | 2.1 | -22.4% |
Others | 7.5 | 8.6 | 7.5 | 7.9 | 1.7% |
Total | 96.6 | 85.3 | 116 | 107 | 3.5% |
Top Suppliers of Epoxide Resin to Singapore in 2022:
- Taiwan (Chinese) (4.3K tons)
- Malaysia (2.9K tons)
- Thailand (2.3K tons)
- Japan (1.6K tons)
- United States (1.3K tons)
- China (1.1K tons)
- South Korea (1.1K tons)
- Germany (0.3K tons)
This report provides an in-depth analysis of the epoxide 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 20164030 - Epoxide 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
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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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