Report Update: May 1, 2024

Singapore - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Polyethylene in Primary Forms in Singapore - 2022

Price for Polyethylene in Primary Forms in Singapore (FOB) - 2022

The average polyethylene in primary forms export price stood at $935 per ton in 2020, reducing by -9.4% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of 9.3%. The export price peaked at $1,605 per ton in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Japan ($1,023 per ton) and Thailand ($961 per ton), while the average price for exports to Bangladesh ($852 per ton) and China ($872 per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-4.1%), while the prices for the other major destinations experienced a decline.

Price for Polyethylene in Primary Forms in Singapore (CIF) - 2022

The average polyethylene in primary forms import price stood at $1,556 per ton in September 2022, picking up by 2.4% against the previous month. Over the period under review, import price indicated noticeable growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, polyethylene in primary forms import price increased by +2.4% against August 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 43% against the previous month. The import price peaked in September 2022.

Average prices varied noticeably amongst the major supplying countries. In September 2022, the highest price was recorded for prices from the United States ($1,757 per ton) and Malaysia ($1,654 per ton), while the price for Saudi Arabia ($1,509 per ton) and the United Arab Emirates ($1,513 per ton) were amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polyethylene in Primary Forms in Singapore

Polyethylene in primary forms exports from Singapore dropped notably to 1.6M tons in 2022, with a decrease of -23.9% against the previous year. Over the period under review, exports faced a deep reduction. The smallest decline of -10.7% was in 2020.

In value terms, polyethylene in primary forms exports contracted remarkably to $2.1B in 2022. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.

Export of Polyethylene in Primary Forms in Singapore (Million USD)
COUNTRY	2019	2020	CAGR, 2019-2020
China	1,398	1,015	-27.4%
Vietnam	366	316	-13.7%
Indonesia	322	254	-21.1%
Japan	37.6	138	267.0%
Malaysia	173	127	-26.6%
Thailand	125	102	-18.4%
India	85.7	69.4	-19.0%
Australia	58.1	55.8	-4.0%
Philippines	73.8	52.9	-28.3%
South Korea	74.1	49.2	-33.6%
Bangladesh	47.1	40.4	-14.2%
Others	162	145	-10.5%
Total	2,923	2,364	-19.1%

Top Export Markets for Polyethylene in Primary Forms from Singapore in 2022:

China (1164.0K tons)
Vietnam (352.8K tons)
Indonesia (275.7K tons)
Malaysia (136.2K tons)
Japan (135.1K tons)
Thailand (105.7K tons)
India (78.8K tons)
Australia (59.2K tons)
Philippines (58.8K tons)
South Korea (55.9K tons)
Bangladesh (47.4K tons)

Imports of Polyethylene in Primary Forms in Singapore

In 2022, supplies from abroad of polyethylene in primary forms increased by 0.6% to 1.4M tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn.

In value terms, polyethylene in primary forms imports expanded sharply to $1.5B in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn.

Import of Polyethylene in Primary Forms in Singapore (Million USD)
COUNTRY	2019	2020	CAGR, 2019-2020
Saudi Arabia	1,928	1,246	-35.4%
United States	110	99.5	-9.5%
United Arab Emirates	64.6	19.6	-69.7%
Others	85.2	84.2	-1.2%
Total	2,187	1,449	-33.7%

Top Suppliers of Polyethylene in Primary Forms to Singapore in 2022:

Saudi Arabia (1494.9K tons)
United States (126.3K tons)
United Arab Emirates (23.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene in primary forms in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023