Singapore: Market for Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives 2024

Market Size for Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in Singapore

The Singaporean market for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives contracted significantly to $X in 2022, falling by X% against the previous year. Overall, consumption showed a pronounced shrinkage. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in Singapore

In value terms, production of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Exports from Singapore

After four years of growth, overseas shipments of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives surged to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for exports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives from Singapore, with a X% share of total exports. Moreover, exports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives to Bangladesh exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average export price for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% 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 failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Imports into Singapore

In 2022, purchases abroad of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives reduced to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives to Singapore, accounting for a X% share of total imports. Moreover, imports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Spain (X% per year).

In value terms, the largest aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives suppliers to Singapore were China ($X), India ($X) and Spain ($X), with a combined X% share of total imports. Japan, the United States and Indonesia lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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