Price for Mineral Substances Not Elsewhere Specified or Included in Singapore - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Singapore (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Singapore (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Singapore
- Exports of Mineral Substances Not Elsewhere Specified or Included in Singapore
Price for Mineral Substances Not Elsewhere Specified or Included in Singapore (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $244 per ton in September 2022, growing by 2.3% against the previous month. Overall, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in June 2022 an increase of 134% against the previous month. The import price peaked at $1,100 per ton in January 2022; however, from February 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($2,000 per ton), while the price for Malaysia ($118 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Singapore (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $174 per ton, with a decrease of -46.2% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 144%. As a result, the export price attained the peak level of $397 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,611 per ton), while the average price for exports to Nepal ($103 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 Malaysia (+8.2%), while the prices for the other major destinations experienced a decline.
Imports of Mineral Substances Not Elsewhere Specified or Included in Singapore
In 2022, imports of mineral substances not elsewhere specified or includeds into Singapore was estimated at 4.8K tons, stabilizing at the year before. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of mineral substances not elsewhere specified or includeds declined dramatically to $1.3M in 2022. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of $2.3M, and then shrank dramatically in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 257 | 114 | 148 | 278 | 2.7% |
| China | 287 | 136 | 404 | 277 | -1.2% |
| Germany | 176 | 250 | 264 | 222 | 8.0% |
| South Africa | 87.9 | 263 | 284 | 174 | 25.6% |
| Philippines | 31.7 | 16.1 | 97.2 | 46.3 | 13.5% |
| Malaysia | 33.5 | 27.1 | 37.4 | 25.3 | -8.9% |
| Others | 656 | 481 | 1,058 | 263 | -26.3% |
| Total | 1,529 | 1,287 | 2,293 | 1,286 | -5.6% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Singapore in 2022:
- Vietnam (3089.7 tons)
- Germany (558.1 tons)
- South Africa (340.1 tons)
- China (221.2 tons)
- Philippines (162.8 tons)
- Malaysia (115.3 tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Singapore
After two years of decline, shipments abroad of mineral substances not elsewhere specified or includeds increased by 1,029% to 3.7K tons in 2022. Over the period under review, exports, however, recorded a dramatic contraction.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $645K in 2022. In general, exports, however, recorded a sharp decline.
| Export of Mineral Substances Not Elsewhere Specified or Included in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 935 | 13.9 | 19.0 | 357 | -27.5% |
| India | N/A | N/A | 7.0 | 180 | 2471.4% |
| Malaysia | 425 | 137 | 7.0 | 35.5 | -56.3% |
| Nepal | N/A | N/A | N/A | 8.6 | 0% |
| Others | 130 | 168 | 73.1 | 64.2 | -21.0% |
| Total | 1,491 | 319 | 106 | 645 | -24.4% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Singapore in 2022:
- Indonesia (3331.8 tons)
- Malaysia (126.0 tons)
- India (111.6 tons)
- Nepal (83.0 tons)
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