Singapore: Agglomerated Dolomite Market 2024

Agglomerated Dolomite Market Size in Singapore

The Singaporean agglomerated dolomite market rose notably to $X in 2022, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted moderate growth. Agglomerated dolomite consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Agglomerated Dolomite Exports

Exports from Singapore

Agglomerated dolomite exports from Singapore contracted sharply to X tons in 2022, declining by -41% compared with 2021 figures. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 453% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, agglomerated dolomite exports fell sharply to $X in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 868% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) were the main destinations of agglomerated dolomite exports from Singapore.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +93.0%).

In value terms, Malaysia ($X) remains the key foreign market for agglomerated dolomite exports from Singapore, comprising 100% of total exports. The second position in the ranking was held by Indonesia ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled +32.7%.

Export Prices by Country

In 2022, the average agglomerated dolomite export price amounted to $X per ton, dropping by -6.6% against the previous year. In general, the export price, however, saw a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 91% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 Malaysia ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-31.0%), while the prices for the other major destinations experienced a decline.

Agglomerated Dolomite Imports

Imports into Singapore

In 2022, agglomerated dolomite imports into Singapore rose rapidly to X tons, surging by 6.7% compared with the year before. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 933%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, agglomerated dolomite imports expanded sharply to $X in 2022. Over the period under review, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 857%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of agglomerated dolomite to Singapore, with a 51% share of total imports. Moreover, agglomerated dolomite imports from Indonesia exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), twofold. The third position in this ranking was held by India (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-9.6% per year) and India (+47.0% per year).

In value terms, Slovenia ($X) constituted the largest supplier of agglomerated dolomite to Singapore, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.4% per year) and India (+33.8% per year).

Import Prices by Country

In 2022, the average agglomerated dolomite import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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