Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore - 2022

Contents:

  1. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (FOB) - 2022
  2. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (CIF) - 2022
  3. Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore
  4. Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (FOB) - 2022

The average export price for pitch; obtained from coal tar or from other mineral tarses stood at $499 per ton in 2022, approximately reflecting the previous year. In general, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 2.5%. Over the period under review, the average export prices reached the peak figure at $4,166 per ton in 2012; however, from 2013 to 2022, the 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 Macao SAR ($747 per ton), while the average price for exports to Malaysia ($152 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 Macao SAR (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (CIF) - 2022

The average import price for pitch; obtained from coal tar or from other mineral tarses stood at $1,638 per ton in 2022, growing by 46% against the previous year. Overall, the import price showed modest growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,091 per ton), while the price for China ($839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore

In 2022, overseas shipments of pitch; obtained from coal tar or from other mineral tarses decreased by -50% to 6.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 311%.

In value terms, exports of pitch; obtained from coal tar or from other mineral tarses declined notably to $3.4M in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 321%.

Export of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/A2.30.12.54.3%
IndiaN/A0.7N/A0.70.0%
Macao SARN/A0.3N/A0.2-18.4%
Qatar0.8N/A6.7N/A189.4%
OthersN/A0.1N/AN/A0%
Total0.83.46.83.462.0%

Top Export Markets for Pitch; Obtained from Coal Tar or from Other Mineral Tars from Singapore in 2022:

  1. South Korea (5.5K tons)
  2. India (1.0K tons)
  3. Macao SAR (0.3K tons)

Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore

In 2022, after three years of growth, there was significant decline in purchases abroad of pitch; obtained from coal tar or from other mineral tarses, when their volume decreased by -11.7% to 165 tons. The total import volume increased at an average annual rate of +6.5% 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 2020 with an increase of 33% against the previous year.

In value terms, imports of pitch; obtained from coal tar or from other mineral tarses skyrocketed to $269K in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea78.396.815116026.9%
United Kingdom3.27.723.6105220.1%
China20.043.131.71.8-55.2%
Others1.61.93.03.226.0%
Total10314920926937.7%

Top Suppliers of Pitch; Obtained from Coal Tar or from Other Mineral Tars to Singapore in 2022:

  1. South Korea (112.0 tons)
  2. United Kingdom (50.2 tons)
  3. China (2.1 tons)

Source: IndexBox Market Intelligence Platform

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