Price for Ethylene Polymers; Waste, Parings and Scrap in Singapore - 2023
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in Singapore (FOB) - 2023
- Price for Ethylene Polymers; Waste, Parings and Scrap in Singapore (CIF) - 2022
- Exports of Ethylene Polymers; Waste, Parings and Scrap in Singapore
- Imports of Ethylene Polymers; Waste, Parings and Scrap in Singapore
Price for Ethylene Polymers; Waste, Parings and Scrap in Singapore (FOB) - 2023
In September 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $530 per ton, growing by 3.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In September 2022, the country with the highest price was Indonesia ($724 per ton), while the average price for exports to Malaysia ($485 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ethylene Polymers; Waste, Parings and Scrap in Singapore (CIF) - 2022
The average import price for ethylene polymers; waste, parings and scraps stood at $618 per ton in 2022, declining by -16.5% against the previous year. Over the period under review, the import price, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 121%. As a result, import price reached the peak level of $740 per ton, and then fell remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($732 per ton), while the price for Hong Kong SAR ($303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ethylene Polymers; Waste, Parings and Scrap in Singapore
In 2022, approx. 26K tons of ethylene polymers; waste, parings and scraps were exported from Singapore; growing by 8.1% compared with 2021. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 46% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of ethylene polymers; waste, parings and scraps reached $9.7M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.8% 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 +80.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Ethylene Polymers; Waste, Parings and Scrap in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.1 | 3.2 | 4.5 | 5.8 | 12.3% |
| Vietnam | 0.1 | 1.5 | 1.8 | 2.1 | 175.9% |
| Indonesia | 0.9 | 3.0 | 1.5 | 1.8 | 26.0% |
| Others | 0.3 | N/A | 0.8 | N/A | 63.3% |
| Total | 5.4 | 7.7 | 8.6 | 9.7 | 21.6% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Singapore in 2022:
- Malaysia (16.6K tons)
- Vietnam (6.0K tons)
- Indonesia (3.1K tons)
Imports of Ethylene Polymers; Waste, Parings and Scrap in Singapore
In 2022, imports of ethylene polymers; waste, parings and scraps into Singapore expanded remarkably to 116 tons, surging by 12% on the previous year. In general, imports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 321% against the previous year. As a result, imports attained the peak of 3.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ethylene polymers; waste, parings and scraps fell to $72K in 2022. Over the period under review, imports, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 213% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ethylene Polymers; Waste, Parings and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 53.1 | 0% |
| Malaysia | 4.6 | 25.4 | 18.7 | 11.0 | 33.7% |
| Hong Kong SAR | 0.3 | N/A | N/A | 7.8 | 196.2% |
| New Zealand | N/A | 195 | N/A | N/A | 0% |
| Spain | 102 | 655 | 5.8 | N/A | -76.2% |
| United States | 155 | 194 | 52.0 | N/A | -42.1% |
| Israel | 7.0 | N/A | N/A | N/A | 0% |
| Canada | N/A | 74.0 | N/A | N/A | 0% |
| Others | 99.8 | 11.4 | 0.2 | N/A | -95.5% |
| Total | 369 | 1,155 | 76.7 | 71.9 | -42.0% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Singapore in 2022:
- Belgium (72.6 tons)
- Hong Kong SAR (25.7 tons)
- Malaysia (18.1 tons)
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