Singapore - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Glycol Price in Singapore - 2022
Contents:
- Ethylene Glycol Price in Singapore (FOB) - 2022
- Ethylene Glycol Price in Singapore (CIF) - 2022
- Ethylene Glycol Exports in Singapore
- Ethylene Glycol Imports in Singapore
Ethylene Glycol Price in Singapore (FOB) - 2022
In September 2022, the average ethylene glycol export price amounted to $712 per ton, with a decrease of -4.4% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2022 when the average export price increased by 25% m-o-m. The export price peaked at $1,009 per ton in April 2022; however, from May 2022 to September 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In September 2022, the highest price was recorded for prices to Thailand ($754 per ton) and India ($696 per ton), while the average price for exports to China ($660 per ton) and Vietnam ($686 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ethylene Glycol Price in Singapore (CIF) - 2022
The average ethylene glycol import price stood at $606 per ton in 2022, with a decrease of -18.4% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. Over the period under review, average import prices reached the maximum at $1,137 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($730 per ton), while the price for Saudi Arabia totaled $556 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.3%).
Ethylene Glycol Exports in Singapore
In 2022, shipments abroad of ethylene glycol (ethanediol) decreased by -39.4% to 677K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of 1.2M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ethylene glycol exports contracted remarkably to $419M in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports reached the peak of $751M, and then declined notably in the following year.
| Export of Ethylene Glycol in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 61.4 | 62.5 | 75.7 | 112 | 22.2% |
| Indonesia | 86.8 | 55.5 | 85.3 | 84.8 | -0.8% |
| India | 18.2 | 7.7 | 25.0 | 83.8 | 66.4% |
| Vietnam | 70.4 | 67.7 | 65.0 | 62.1 | -4.1% |
| China | 335 | 361 | 441 | 59.9 | -43.7% |
| Others | 7.7 | 13.0 | 59.2 | 15.7 | 26.8% |
| Total | 579 | 568 | 751 | 419 | -10.2% |
Top Export Markets for Ethylene Glycol from Singapore in 2022:
- Thailand (175.7K tons)
- India (148.4K tons)
- Indonesia (134.6K tons)
- Vietnam (104.5K tons)
- China (96.5K tons)
Ethylene Glycol Imports in Singapore
In 2022, the amount of ethylene glycol (ethanediol) imported into Singapore soared to 115K tons, increasing by 59% against the previous year's figure. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 101%. As a result, imports reached the peak of 160K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ethylene glycol imports soared to $70M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports reached the peak of $81M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Ethylene Glycol in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 41.2 | 71.5 | 41.0 | 58.2 | 12.2% |
| Malaysia | 4.7 | 3.2 | 6.3 | 5.6 | 6.0% |
| Thailand | 2.2 | 1.6 | 1.6 | 1.5 | -12.0% |
| Others | 4.0 | 4.7 | 4.9 | 4.7 | 5.5% |
| Total | 52.0 | 80.9 | 53.8 | 69.9 | 10.4% |
Top Suppliers of Ethylene Glycol to Singapore in 2022:
- Saudi Arabia (104.6K tons)
- Malaysia (7.6K tons)
- Thailand (1.7K tons)
This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)
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.
-
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
-
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
-
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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