Report Update: Apr 1, 2024

Singapore - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights

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Price for Synthetic Organic Tanning Substances in Singapore - 2022

Price for Synthetic Organic Tanning Substances in Singapore (FOB) - 2022

The average synthetic organic tanning substances export price stood at $3,040 per ton in September 2022, with a decrease of -4.8% against the previous month. Overall, export price indicated a temperate increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, synthetic organic tanning substances export price increased by +12.2% against May 2022 indices. The pace of growth was the most pronounced in April 2022 an increase of 47% month-to-month. As a result, the export price reached the peak level of $4,043 per ton. From May 2022 to September 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($5,362 per ton), while the average price for exports to Japan ($1,770 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Synthetic Organic Tanning Substances in Singapore (CIF) - 2022

In 2022, the average synthetic organic tanning substances import price amounted to $1,116 per ton, which is down by -4.1% against the previous year. Overall, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 6.4% against the previous year. Over the period under review, average import prices attained the maximum at $1,405 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,426 per ton), while the price for Spain ($889 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Synthetic Organic Tanning Substances in Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of synthetic organic tanning substances, which decreased by -49.5% to 1.9K tons in 2022. Overall, exports saw a dramatic slump. The smallest decline of -7.6% was in 2021.

In value terms, synthetic organic tanning substances exports fell remarkably to $4.1M in 2022. Over the period under review, exports faced a sharp slump. The smallest decline of -6.1% was in 2021.

Export of Synthetic Organic Tanning Substances in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	1,089	693	922	924	-5.3%
Bangladesh	1,121	671	980	762	-12.1%
China	1,697	1,946	1,741	480	-34.4%
Malaysia	13.4	60.3	49.3	376	203.9%
Vietnam	467	329	504	353	-8.9%
Thailand	831	643	715	322	-27.1%
Myanmar	88.2	23.9	N/A	190	29.2%
Pakistan	527	474	444	171	-31.3%
Japan	343	298	366	141	-25.6%
Indonesia	656	463	460	85.1	-49.4%
Hong Kong SAR	422	721	243	27.8	-59.6%
Others	1,105	978	425	269	-37.6%
Total	8,360	7,298	6,851	4,101	-21.1%

Top Export Markets for Synthetic Organic Tanning Substances from Singapore in 2022:

South Korea (573.3 tons)
Bangladesh (264.9 tons)
China (186.1 tons)
Thailand (171.8 tons)
Vietnam (141.9 tons)
Myanmar (103.0 tons)
Japan (97.6 tons)
Pakistan (93.3 tons)
Malaysia (84.0 tons)
Indonesia (32.1 tons)
Hong Kong SAR (12.4 tons)

Imports of Synthetic Organic Tanning Substances in Singapore

In 2022, the amount of synthetic organic tanning substances imported into Singapore shrank significantly to 1.1K tons, falling by -63.8% compared with 2021. In general, imports saw a sharp shrinkage. The smallest decline of -9.8% was in 2021.

In value terms, synthetic organic tanning substances imports dropped rapidly to $1.2M in 2022. Over the period under review, imports saw a sharp curtailment. The smallest decline of -14.4% was in 2021.

Import of Synthetic Organic Tanning Substances in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,543	1,435	1,563	777	-20.4%
Spain	26.9	1.1	12.2	73.6	39.9%
Indonesia	355	165	106	73.5	-40.8%
France	58.5	88.3	65.0	64.0	3.0%
Germany	1,416	938	618	51.3	-66.9%
Italy	76.3	63.8	61.7	48.0	-14.3%
China	905	632	741	40.6	-64.5%
Taiwan (Chinese)	273	182	152	N/A	-25.4%
Canada	107	506	N/A	N/A	372.9%
Others	88.5	30.4	142	72.5	-6.4%
Total	4,850	4,043	3,462	1,201	-37.2%

Top Suppliers of Synthetic Organic Tanning Substances to Singapore in 2022:

Canada (undefined tons)
India (743.9 tons)
Spain (82.8 tons)
Indonesia (69.1 tons)
France (60.9 tons)
Germany (39.1 tons)
Italy (34.8 tons)
China (28.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic organic tanning substances 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 20122330 - Synthetic organic tanning substances

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
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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