Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore - 2022

Contents:

1. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore (CIF) - 2022
2. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore (FOB) - 2022
3. Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore
4. Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore (CIF) - 2022

The average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $4,284 per ton in 2022, surging by 7.5% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 ($9,262 per ton), while the price for Malaysia ($1,390 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore (FOB) - 2022

In September 2022, the average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $3,571 per ton, shrinking by -48.3% against the previous month. Overall, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 71% month-to-month. As a result, the export price reached the peak level of $6,909 per ton, and then shrank significantly in the following month.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was India ($10,373 per ton), while the average price for exports to Malaysia ($2,352 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore

In 2022, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses into Singapore stood at 11K tons, with an increase of 8.3% on the year before. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses surged to $49M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Singapore in 2022:

1. China (4.0K tons)
2. Japan (1.7K tons)
3. United States (1.5K tons)
4. Mexico (1.2K tons)
5. Germany (0.9K tons)
6. Belgium (0.5K tons)
7. France (0.4K tons)
8. Malaysia (0.4K tons)

Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Singapore

For the fourth year in a row, Singapore recorded growth in shipments abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses, which increased by 5.8% to 3.3K tons in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses surged to $9M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Singapore in 2022:

1. Malaysia (1272.3 tons)
2. Indonesia (548.3 tons)
3. Vietnam (392.6 tons)
4. Philippines (192.8 tons)
5. China (172.1 tons)
6. India (124.5 tons)
7. Cambodia (122.0 tons)
8. Bangladesh (93.2 tons)
9. Thailand (65.7 tons)
10. Brunei Darussalam (53.4 tons)

Source: IndexBox Market Intelligence Platform