Singapore - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in Singapore - 2022
Contents:
- Price for Urea and Thiourea Resins in Singapore (FOB) - 2022
- Price for Urea and Thiourea Resins in Singapore (CIF) - 2022
- Exports of Urea and Thiourea Resins in Singapore
- Imports of Urea and Thiourea Resins in Singapore
Price for Urea and Thiourea Resins in Singapore (FOB) - 2022
The average urea and thiourea resins export price stood at $2,295 per ton in September 2022, growing by 9% against the previous month. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 225% month-to-month. As a result, the export price reached the peak level of $5,934 per ton. From July 2022 to September 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Malaysia ($5,114 per ton), while the average price for exports to Indonesia stood at $1,424 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Urea and Thiourea Resins in Singapore (CIF) - 2022
The average urea and thiourea resins import price stood at $4,506 per ton in 2022, surging by 20% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 58% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($7,216 per ton), while the price for Indonesia ($626 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Urea and Thiourea Resins in Singapore
In 2022, shipments abroad of urea resins and thiourea resins in primary forms decreased by -47.6% to 1.6K tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 4.6K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, urea and thiourea resins exports declined markedly to $3M in 2022. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 47%. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Urea and Thiourea Resins in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.8 | 1.9 | 1.8 | 1.3 | -10.3% |
| Malaysia | 4.8 | 7.6 | 2.0 | 0.9 | -42.8% |
| Myanmar | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Vietnam | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Japan | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.2 | 1.0 | 0.3 | N/A | 22.5% |
| Others | 0.7 | 1.0 | 0.7 | 0.4 | -17.0% |
| Total | 8.0 | 11.7 | 4.9 | 3.0 | -27.9% |
Top Export Markets for Urea and Thiourea Resins from Singapore in 2022:
- Indonesia (1162.6 tons)
- Malaysia (264.3 tons)
- Myanmar (70.7 tons)
- Japan (25.2 tons)
- Vietnam (7.1 tons)
- China (0.8 tons)
Imports of Urea and Thiourea Resins in Singapore
In 2022, supplies from abroad of urea resins and thiourea resins in primary forms was finally on the rise to reach 1.1K tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep contraction.
In value terms, urea and thiourea resins imports surged to $5M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea and Thiourea Resins in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 0.2 | 0.6 | 0.1 | 3,979 | 2609.7% |
| Malaysia | 393 | 57.0 | 52.5 | 219 | -17.7% |
| Netherlands | 93.1 | 123 | 140 | 172 | 22.7% |
| Indonesia | 38.2 | 19.6 | 13.8 | 102 | 38.7% |
| United States | 529 | 61.3 | 46.8 | 84.8 | -45.7% |
| China | 130 | 580 | 688 | 81.7 | -14.3% |
| United Kingdom | 8.6 | 1.9 | 139 | 68.1 | 99.3% |
| Germany | 349 | 291 | 73.5 | 44.0 | -49.9% |
| Italy | 438 | 216 | 4.4 | N/A | -90.0% |
| Others | 521 | 228 | 227 | 255 | -21.2% |
| Total | 2,501 | 1,579 | 1,386 | 5,007 | 26.0% |
Top Suppliers of Urea and Thiourea Resins to Singapore in 2022:
- Philippines (551.5 tons)
- Malaysia (267.0 tons)
- Indonesia (163.8 tons)
- Netherlands (33.8 tons)
- United Kingdom (30.2 tons)
- China (22.3 tons)
- United States (15.4 tons)
- Germany (7.2 tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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