Quartzite Price in Singapore - 2022

Contents:

1. Quartzite Price in Singapore (CIF) - 2022
2. Quartzite Price in Singapore (FOB) - 2022
3. Quartzite Imports in Singapore
4. Quartzite Exports in Singapore

Quartzite Price in Singapore (CIF) - 2022

The average quartzite import price stood at $883 per ton in 2022, surging by 70% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,978 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,200 per ton), while the price for Japan ($487 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Quartzite Price in Singapore (FOB) - 2022

The average quartzite export price stood at $9,451 per ton in 2022, rising by 474% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 494% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($11,116 per ton), while the average price for exports to Malaysia ($372 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 Hong Kong SAR (+18.6%), while the prices for the other major destinations experienced mixed trend patterns.

Quartzite Imports in Singapore

For the fourth consecutive year, Singapore recorded growth in supplies from abroad of quartzite, which increased by 40% to 687 tons in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 267% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, quartzite imports soared to $606K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Quartzite to Singapore in 2022:

1. India (510.1 tons)
2. Brazil (70.5 tons)
3. Italy (69.8 tons)
4. China (17.4 tons)
5. Japan (13.6 tons)

Quartzite Exports in Singapore

In 2022, the amount of quartzite exported from Singapore reduced dramatically to 576 kg, waning by -85.7% compared with 2021. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 693% against the previous year. As a result, the exports attained the peak of 4 tons, and then fell remarkably in the following year.

In value terms, quartzite exports dropped markedly to $5.4K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 131%.

Top Export Markets for Quartzite from Singapore in 2022:

1. Switzerland (342.0 kg)
2. Hong Kong SAR (195.0 kg)
3. Malaysia (20.0 kg)
4. South Korea (11.0 kg)
5. Indonesia (9.0 kg)

Source: IndexBox Market Intelligence Platform