Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore - 2022
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (CIF) - 2022
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (FOB) - 2022
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (CIF) - 2022
In September 2022, the average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $12,359 per ton, falling by -13.4% against the previous month. In general, import price indicated a noticeable expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes increased by +7.1% against June 2022 indices. The pace of growth was the most pronounced in December 2021 when the average import price increased by 26% against the previous month. Over the period under review, average import prices hit record highs at $14,275 per ton in August 2022, and then shrank 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 China ($17,996 per ton), while the price for the United States ($7,483 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 Philippines (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (FOB) - 2022
In 2022, the average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $8,307 per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 30%. The export price peaked at $9,399 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($11,341 per ton), while the average price for exports to Taiwan (Chinese) ($1,363 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 Indonesia (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore
Imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes into Singapore shrank remarkably to 4.3K tons in 2022, with a decrease of -21% on the year before. Over the period under review, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 5.4K tons, and then declined sharply in the following year.
In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes contracted to $40M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of $44M, and then dropped in the following year.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 6.9 | 8.0 | 6.8 | 1.0% |
| Philippines | 1.1 | 1.6 | 3.0 | 6.1 | 77.0% |
| United Kingdom | 10.6 | 10.4 | 7.3 | 5.7 | -18.7% |
| India | 1.9 | 3.1 | 5.0 | 5.3 | 40.8% |
| Mexico | 2.3 | 2.8 | 5.4 | 5.1 | 30.4% |
| Germany | 7.6 | 5.7 | 8.5 | 3.6 | -22.0% |
| United States | 2.0 | 1.3 | 1.6 | 2.0 | 0.0% |
| Others | 4.4 | 3.8 | 4.8 | 4.9 | 3.7% |
| Total | 36.5 | 35.6 | 43.6 | 39.6 | 2.8% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to Singapore in 2022:
- Philippines (1248.7 tons)
- United Kingdom (823.2 tons)
- China (567.3 tons)
- Germany (540.5 tons)
- India (493.0 tons)
- United States (366.0 tons)
- Mexico (119.5 tons)
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore
In 2022, the amount of aldehydes; cyclic, without other oxygen function, other than benzaldehydes exported from Singapore surged to 453 tons, jumping by 17% on the previous year's figure. Over the period under review, exports, however, recorded a mild reduction.
In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes skyrocketed to $3.8M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,278 | 1,219 | 1,277 | 1,657 | 9.0% |
| China | 954 | 364 | 268 | 492 | -19.8% |
| Hong Kong SAR | 181 | 742 | 870 | 474 | 37.8% |
| South Korea | 160 | 194 | 225 | 322 | 26.3% |
| India | 96.2 | 300 | 239 | 133 | 11.4% |
| Thailand | 135 | 27.6 | 66.5 | 113 | -5.8% |
| Taiwan (Chinese) | 91.4 | N/A | N/A | 49.3 | -18.6% |
| Bangladesh | N/A | 33.4 | N/A | 46.4 | 17.9% |
| Vietnam | 157 | 5.2 | 0.4 | 33.2 | -40.4% |
| Others | 352 | 301 | 311 | 446 | 8.2% |
| Total | 3,403 | 3,186 | 3,258 | 3,766 | 3.4% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from Singapore in 2022:
- Indonesia (176.3 tons)
- Hong Kong SAR (65.2 tons)
- South Korea (44.0 tons)
- China (43.4 tons)
- Taiwan (Chinese) (36.2 tons)
- Bangladesh (18.4 tons)
- India (17.5 tons)
- Thailand (14.7 tons)
- Vietnam (3.4 tons)
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