Singapore - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in Singapore - 2022
Contents:
- Toluene Price in Singapore (FOB) - 2022
- Toluene Price in Singapore (CIF) - 2022
- Toluene Exports in Singapore
- Toluene Imports in Singapore
Toluene Price in Singapore (FOB) - 2022
The average toluene export price stood at $1,495 per ton in September 2022, with a decrease of -6.2% against the previous month. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in January 2022 an increase of 31% m-o-m. Over the period under review, the average export prices reached the maximum at $1,716 per ton in July 2022; however, from August 2022 to September 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2022, the countries with the highest prices were Bangladesh ($2,096 per ton) and Australia ($1,649 per ton), while the average price for exports to Indonesia ($1,422 per ton) and Malaysia ($1,497 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Toluene Price in Singapore (CIF) - 2022
In September 2022, the average toluene import price amounted to $1,385 per ton, reducing by -24.8% against the previous month. Overall, the import price, however, saw a moderate expansion. The pace of growth was the most pronounced in January 2022 an increase of 27% against the previous month. Over the period under review, average import prices attained the maximum at $1,842 per ton in August 2022, and then dropped markedly in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the countries with the highest prices were Malaysia ($1,695 per ton) and Thailand ($1,419 per ton), while the price for Taiwan (Chinese) ($1,350 per ton) and China ($1,375 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Toluene Exports in Singapore
In 2022, overseas shipments of toluene decreased by -38.3% to 119K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 3.2%. As a result, the exports attained the peak of 312K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, toluene exports reduced sharply to $115M in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 0.9%.
| Export of Toluene in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 52.3 | 36.6 | 58.8 | 40.2 | -8.4% |
| India | 69.7 | 44.4 | 30.6 | 29.8 | -24.7% |
| Malaysia | 25.3 | 13.8 | 18.3 | 12.5 | -20.9% |
| Vietnam | 19.1 | 19.7 | 7.2 | 9.4 | -21.0% |
| China | 3.3 | 14.9 | 13.5 | 9.2 | 40.7% |
| South Korea | 5.7 | 6.5 | 7.1 | 5.8 | 0.6% |
| Bangladesh | 2.6 | 2.4 | 3.5 | 2.4 | -2.6% |
| Taiwan (Chinese) | 3.6 | 3.4 | 3.0 | 2.0 | -17.8% |
| Australia | 8.3 | 0.9 | 0.8 | 0.1 | -77.1% |
| Others | 8.0 | 5.7 | 6.8 | 3.9 | -21.3% |
| Total | 198 | 148 | 150 | 115 | -16.6% |
Top Export Markets for Toluene from Singapore in 2022:
- Indonesia (50.3K tons)
- India (20.7K tons)
- Malaysia (17.5K tons)
- China (11.1K tons)
- Vietnam (6.6K tons)
- South Korea (3.3K tons)
- Taiwan (Chinese) (3.1K tons)
- Bangladesh (2.1K tons)
- Australia (0.1K tons)
Toluene Imports in Singapore
In 2022, supplies from abroad of toluene decreased by -1.5% to 51K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 73%. As a result, imports attained the peak of 73K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, toluene imports amounted to $37M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Toluene in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.6 | 1.6 | 13.0 | 11.7 | 27.8% |
| Malaysia | 7.5 | 3.9 | 8.8 | 7.9 | 1.7% |
| Philippines | 3.0 | 2.4 | 2.7 | 5.6 | 23.1% |
| Taiwan (Chinese) | 3.4 | 4.3 | 0.6 | 4.0 | 5.6% |
| Indonesia | 0.6 | 3.5 | 3.4 | 3.1 | 72.9% |
| South Korea | 6.4 | 2.3 | 2.1 | 2.6 | -25.9% |
| Netherlands | N/A | 1.2 | 2.3 | 2.0 | 29.1% |
| China | 2.2 | 11.6 | N/A | N/A | 427.3% |
| Others | 0.5 | 1.3 | 0.2 | 0.1 | -41.5% |
| Total | 29.1 | 32.0 | 33.1 | 37.1 | 8.4% |
Top Suppliers of Toluene to Singapore in 2022:
- Thailand (15.5K tons)
- Malaysia (9.6K tons)
- Indonesia (7.7K tons)
- Taiwan (Chinese) (6.3K tons)
- Philippines (6.1K tons)
- South Korea (3.8K tons)
- Netherlands (2.5K tons)
This report provides an in-depth analysis of the toluene 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 20141225 - Toluene
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
-
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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