Singapore - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in Singapore - 2022
Contents:
- Silicone Price in Singapore (CIF) - 2022
- Silicone Price in Singapore (FOB) - 2022
- Silicone Imports in Singapore
- Silicone Exports in Singapore
Silicone Price in Singapore (CIF) - 2022
The average silicone import price stood at $5,329 per ton in 2022, with a decrease of -3.4% against the previous year. Overall, the import price recorded a noticeable descent. The growth pace was the most rapid in 2014 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $9,916 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,545 per ton), while the price for Malaysia ($1,476 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicone Price in Singapore (FOB) - 2022
In September 2022, the average silicone export price amounted to $8,499 per ton, dropping by -10.2% against the previous month. Over the period under review, the export price faced a deep reduction. The most prominent rate of growth was recorded in May 2022 an increase of 14% m-o-m. Over the period under review, the average export prices reached the maximum at $48,201 per ton in January 2022; however, from February 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was China ($15,720 per ton), while the average price for exports to Indonesia ($6,307 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.9%), while the prices for the other major destinations experienced a decline.
Silicone Imports in Singapore
In 2022, silicone imports into Singapore surged to 26K tons, growing by 46% compared with the previous year's figure. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, silicone imports soared to $140M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicone in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 22.7 | 21.7 | 29.4 | 53.5 | 33.1% |
| China | 7.3 | 6.9 | 7.9 | 30.4 | 60.9% |
| United States | 28.7 | 25.7 | 24.3 | 22.5 | -7.8% |
| Germany | 10.5 | 7.6 | 7.7 | 6.7 | -13.9% |
| South Korea | 6.3 | 4.1 | 11.1 | 6.4 | 0.5% |
| Thailand | 2.9 | 2.4 | 3.1 | 4.9 | 19.1% |
| Malaysia | 1.5 | 0.8 | 2.8 | 1.9 | 8.2% |
| Indonesia | 1.2 | 1.1 | 1.8 | 1.6 | 10.1% |
| India | 10.6 | 0.5 | 1.3 | 0.9 | -56.0% |
| Others | 7.7 | 6.4 | 9.8 | 11.7 | 15.0% |
| Total | 99.2 | 77.2 | 99.3 | 140 | 12.2% |
Top Suppliers of Silicone to Singapore in 2022:
- China (9.9K tons)
- Japan (7.0K tons)
- United States (2.7K tons)
- South Korea (1.8K tons)
- Malaysia (1.3K tons)
- Germany (0.9K tons)
- Thailand (0.6K tons)
- Indonesia (0.5K tons)
- India (0.2K tons)
Silicone Exports in Singapore
In 2022, silicone exports from Singapore soared to 12K tons, with an increase of 29% compared with 2021 figures. In general, exports, however, recorded a deep downturn.
In value terms, silicone exports surged to $116M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicone in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 34.6 | 34.8 | 42.7 | 31.8 | -2.8% |
| United States | 0.9 | 0.9 | 0.5 | 21.3 | 187.1% |
| United Arab Emirates | N/A | N/A | 0.1 | 21.1 | 21000.0% |
| Indonesia | 24.3 | 12.3 | 19.4 | 14.5 | -15.8% |
| China | 4.3 | 4.3 | 7.3 | 9.3 | 29.3% |
| Bangladesh | 4.0 | 3.5 | 3.9 | 3.7 | -2.6% |
| Thailand | 4.4 | 3.0 | 2.9 | 3.5 | -7.3% |
| Vietnam | 3.7 | 2.7 | 2.9 | 2.4 | -13.4% |
| Others | 11.2 | 8.6 | 7.6 | 8.2 | -9.9% |
| Total | 87.4 | 70.1 | 87.3 | 116 | 9.9% |
Top Export Markets for Silicone from Singapore in 2022:
- United Arab Emirates (3.0K tons)
- Malaysia (2.8K tons)
- Indonesia (1.9K tons)
- United States (1.8K tons)
- Bangladesh (0.8K tons)
- China (0.8K tons)
- Vietnam (0.2K tons)
- Thailand (0.2K tons)
This report provides an in-depth analysis of the silicone market 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 20165700 - Silicones, 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
- 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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