Singapore - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in Singapore - 2022
Contents:
- Phenolic Resins Price in Singapore (FOB) - 2022
- Phenolic Resins Price in Singapore (CIF) - 2022
- Phenolic Resins Exports in Singapore
- Phenolic Resins Imports in Singapore
Phenolic Resins Price in Singapore (FOB) - 2022
The average phenolic resins export price stood at $2,884 per ton in September 2022, declining by -5% against the previous month. In general, export price indicated noticeable growth from September 2021 to September 2022: its price increased at an average monthly rate of +2.0% 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, phenolic resins export price decreased by -26.6% against April 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 23% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,928 per ton in April 2022; however, from May 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was India ($7,656 per ton), while the average price for exports to Cambodia ($1,056 per ton) was 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 (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Phenolic Resins Price in Singapore (CIF) - 2022
In 2022, the average phenolic resins import price amounted to $3,791 per ton, picking up by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,595 per ton), while the price for Taiwan (Chinese) ($2,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Exports in Singapore
After three years of growth, shipments abroad of phenolic resins in primary forms decreased by -21.5% to 35K tons in 2022. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of 45K tons, and then contracted dramatically in the following year.
In value terms, phenolic resins exports shrank to $88M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports attained the peak of $96M, and then declined in the following year.
| Export of Phenolic Resins in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.9 | 19.2 | 28.3 | 23.6 | 7.7% |
| Saudi Arabia | 4.6 | 5.9 | 6.0 | 7.1 | 15.6% |
| Indonesia | 5.2 | 4.7 | 6.9 | 6.7 | 8.8% |
| Malaysia | 5.7 | 4.7 | 4.8 | 6.7 | 5.5% |
| United States | 8.9 | 9.3 | 12.7 | 6.6 | -9.5% |
| Thailand | 4.7 | 4.0 | 5.1 | 5.6 | 6.0% |
| Egypt | 1.1 | 0.7 | 2.9 | 5.2 | 67.8% |
| India | 2.0 | 1.6 | 2.4 | 3.6 | 21.6% |
| Cambodia | 1.5 | 5.4 | 4.8 | 3.5 | 32.6% |
| United Arab Emirates | 1.8 | 1.0 | 1.9 | 3.3 | 22.4% |
| Vietnam | 3.6 | 3.6 | 3.4 | 3.3 | -2.9% |
| Australia | 2.2 | 1.7 | 2.6 | 2.7 | 7.1% |
| Canada | 0.5 | 0.5 | 0.9 | 2.5 | 71.0% |
| Others | 15.7 | 12.4 | 13.2 | 7.3 | -22.5% |
| Total | 76.4 | 74.8 | 96.0 | 87.7 | 4.7% |
Top Export Markets for Phenolic Resins from Singapore in 2022:
- China (6.0K tons)
- Indonesia (5.5K tons)
- Cambodia (4.8K tons)
- Malaysia (4.1K tons)
- United States (2.4K tons)
- Saudi Arabia (2.2K tons)
- Australia (2.0K tons)
- Vietnam (1.5K tons)
- Thailand (1.3K tons)
- India (1.1K tons)
- United Arab Emirates (0.8K tons)
- Canada (0.7K tons)
- Egypt (0.7K tons)
Phenolic Resins Imports in Singapore
In 2022, phenolic resins imports into Singapore dropped sharply to 8.4K tons, which is down by -17.1% against 2021 figures. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of 10K tons, and then dropped remarkably in the following year.
In value terms, phenolic resins imports contracted to $32M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +26.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of $36M, and then dropped in the following year.
| Import of Phenolic Resins in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.3 | 15.5 | 20.5 | 19.9 | 14.4% |
| Belgium | 2.0 | 2.0 | 3.2 | 2.3 | 4.8% |
| Indonesia | 2.9 | 1.9 | 4.0 | 2.2 | -8.8% |
| United States | 0.9 | 1.2 | 1.8 | 1.7 | 23.6% |
| China | 2.4 | 2.4 | 3.3 | 1.7 | -10.9% |
| United Kingdom | N/A | 0.1 | 0.1 | 1.1 | 231.7% |
| Taiwan (Chinese) | 1.2 | 0.7 | 1.4 | 0.7 | -16.4% |
| Thailand | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Others | 2.0 | 1.3 | 1.4 | 2.3 | 4.8% |
| Total | 25.2 | 25.3 | 35.7 | 32.0 | 8.3% |
Top Suppliers of Phenolic Resins to Singapore in 2022:
- Japan (3317.6 tons)
- Indonesia (940.8 tons)
- China (571.1 tons)
- Taiwan (Chinese) (305.2 tons)
- Belgium (301.3 tons)
- United Kingdom (271.5 tons)
- United States (231.8 tons)
- Thailand (26.2 tons)
This report provides an in-depth analysis of the phenolic resins 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 20165650 - Phenolic 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
-
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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