Price for Poly(Lactic Acid); in Primary Forms in Singapore - 2022
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Singapore (FOB) - 2022
- Price for Poly(Lactic Acid); in Primary Forms in Singapore (CIF) - 2022
- Exports of Poly(Lactic Acid); in Primary Forms in Singapore
- Imports of Poly(Lactic Acid); in Primary Forms in Singapore
Price for Poly(Lactic Acid); in Primary Forms in Singapore (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $2,352 per ton in 2022, shrinking by -14.2% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 466%. As a result, the export price attained the peak level of $13,302 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($3,242 per ton), while the average price for exports to Indonesia stood at $1,077 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.3%), while the prices for the other major destinations experienced a decline.
Price for Poly(Lactic Acid); in Primary Forms in Singapore (CIF) - 2022
In 2022, the average import price for poly(lactic acid); in primary formses amounted to $3,390 per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 148% against the previous year. As a result, import price reached the peak level of $21,145 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
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 ($12,830 per ton), while the price for the UK ($1,961 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+138.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Poly(Lactic Acid); in Primary Forms in Singapore
In 2022, poly(lactic acid); in primary forms exports from Singapore soared to 47 tons, growing by 110% against the year before. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 341%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, poly(lactic acid); in primary forms exports skyrocketed to $111K in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 129% against the previous year.
| Export of Poly(Lactic Acid); in Primary Forms in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 123 | 4.8 | 14.8 | 64.6 | -19.3% |
| Indonesia | 1.4 | 7.8 | 20.4 | 28.2 | 172.1% |
| Others | 9.5 | 14.4 | 26.6 | 18.4 | 24.7% |
| Total | 134 | 27.0 | 61.8 | 111 | -6.1% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Singapore in 2022:
- Indonesia (26.1 tons)
- Malaysia (19.9 tons)
Imports of Poly(Lactic Acid); in Primary Forms in Singapore
In 2022, supplies from abroad of poly(lactic acid); in primary formses decreased by -56.9% to 7.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 67%.
In value terms, poly(lactic acid); in primary forms imports shrank markedly to $24K in 2022. In general, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports reached the peak of $79K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Poly(Lactic Acid); in Primary Forms in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.8 | 14.9 | 21.1 | 7.4 | -8.9% |
| Netherlands | 1.4 | 54.7 | 1.5 | 6.7 | 68.5% |
| Malaysia | N/A | 1.1 | 12.8 | 4.5 | 102.3% |
| Germany | 1.5 | 1.5 | 7.1 | 2.5 | 18.6% |
| China | 10.4 | 0.1 | 0.8 | 1.3 | -50.0% |
| United Kingdom | 1.6 | 0.2 | 1.3 | 0.5 | -32.1% |
| Spain | N/A | N/A | 3.3 | N/A | 0% |
| Italy | 42.7 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | 0.1 | N/A | 0% |
| Others | 2.0 | 6.4 | 8.7 | 1.2 | -15.7% |
| Total | 69.4 | 78.8 | 56.7 | 24.1 | -29.7% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Singapore in 2022:
- Netherlands (2.9 tons)
- Malaysia (1.4 tons)
- Germany (1.3 tons)
- United States (0.6 tons)
- China (0.6 tons)
- United Kingdom (0.2 tons)
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