Singapore - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFormaldehyde Price in Singapore - 2022
Contents:
- Formaldehyde Price in Singapore (CIF) - 2022
- Formaldehyde Price in Singapore (FOB) - 2022
- Formaldehyde Imports in Singapore
- Formaldehyde Exports in Singapore
Formaldehyde Price in Singapore (CIF) - 2022
The average formaldehyde import price stood at $979 per ton in 2022, dropping by -31.5% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $1,754 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the United States ($5,275 per ton), while the price for Malaysia ($379 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+64.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Formaldehyde Price in Singapore (FOB) - 2022
In 2022, the average formaldehyde export price amounted to $779 per ton, growing by 131% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $830 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Papua New Guinea ($872 per ton), while the average price for exports to Japan ($397 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 (+76.4%), while the prices for the other major destinations experienced more modest paces of growth.
Formaldehyde Imports in Singapore
After three years of growth, overseas purchases of formaldehyde decreased by -3.1% to 354 tons in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 123%.
In value terms, formaldehyde imports contracted significantly to $346K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 176% against the previous year. As a result, imports attained the peak of $521K, and then declined remarkably in the following year.
| Import of Formaldehyde in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 66.1 | 122 | 434 | 214 | 47.9% |
| Malaysia | 21.2 | 46.5 | 83.3 | 117 | 76.7% |
| Taiwan (Chinese) | 35.7 | 16.8 | 1.2 | 3.8 | -52.6% |
| Others | 20.1 | 3.5 | 2.5 | 11.6 | -16.7% |
| Total | 143 | 189 | 521 | 346 | 34.2% |
Top Suppliers of Formaldehyde to Singapore in 2022:
- Malaysia (308.4 tons)
- United States (40.6 tons)
- Taiwan (Chinese) (2.7 tons)
Formaldehyde Exports in Singapore
In 2022, shipments abroad of formaldehyde decreased by -82.2% to 236 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 206%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, formaldehyde exports declined remarkably to $184K in 2022. Overall, exports showed a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 50%. As a result, the exports attained the peak of $591K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Formaldehyde in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 309 | 233 | 209 | 140 | -23.2% |
| Papua New Guinea | 11.1 | 9.4 | 11.5 | 17.1 | 15.5% |
| Thailand | 52.5 | 54.6 | 24.5 | 11.1 | -40.4% |
| Japan | N/A | N/A | N/A | 9.2 | 0% |
| Mauritius | 8.5 | 5.2 | 6.3 | 6.5 | -8.6% |
| Myanmar | 3.5 | 275 | 189 | N/A | 634.8% |
| Others | 9.6 | 13.3 | 7.5 | 0.3 | -68.5% |
| Total | 394 | 591 | 448 | 184 | -22.4% |
Top Export Markets for Formaldehyde from Singapore in 2022:
- Malaysia (168.7 tons)
- Japan (23.2 tons)
- Papua New Guinea (19.6 tons)
- Thailand (16.2 tons)
- Mauritius (8.2 tons)
This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)
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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In value terms, aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
1001
In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...
943
In value terms, aldehydes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated...
623
In value terms, halogenated, sulphonated, nitrated aldehydes exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the tr...
