Singapore: Chromates Market 2024

Chromates Market Size in Singapore

The Singaporean chromates market expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated slight 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Chromates Production in Singapore

In value terms, chromates production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Chromates Exports

Exports from Singapore

In 2022, overseas shipments of chromates, dichromates and peroxochromates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, chromates exports declined notably to $X in 2022. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons) were the main destinations of chromates exports from Singapore, with a combined X% share of total exports. The Philippines and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for chromates exported from Singapore worldwide, together comprising X% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average chromates export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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, chromates export price increased by X% against 2016 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chromates Imports

Imports into Singapore

In 2022, purchases abroad of chromates, dichromates and peroxochromates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromates imports dropped sharply to $X in 2022. In general, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of chromates imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), Germany ($X) and South Africa ($X) appeared to be the largest chromates suppliers to Singapore, together comprising X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average chromates import price amounted to $X per ton, shrinking by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price 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, chromates import price decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 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 Japan ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :