Singapore: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Singapore

In 2021, after three years of growth, there was significant decline in the Singaporean compound plasticisers market, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then reduced markedly in the following year.

Compound Plasticisers Production in Singapore

In value terms, compound plasticisers production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Compound Plasticisers Exports

Exports from Singapore

In 2021, the amount of compound plasticisers for rubber or plastics exported from Singapore soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, compound plasticisers exports soared to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for compound plasticisers exports from Singapore, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Bangladesh exceeded the volume sent to the second major destination, China (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, Bangladesh ($X), China ($X) and Hong Kong SAR ($X) appeared to be the largest markets for compound plasticisers exported from Singapore worldwide, with a combined X% share of total exports.

Among the main countries of destination, Bangladesh, 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 a decline.

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Singapore

In 2021, approx. X tons of compound plasticisers for rubber or plastics were imported into Singapore; falling by -X% compared with the previous year. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, compound plasticisers imports shrank significantly to $X in 2021. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest compound plasticisers supplier to Singapore, accounting for a X% share of total imports. Moreover, compound plasticisers imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Thailand (+X% per year).

In value terms, South Korea ($X) constituted the largest supplier of compound plasticisers to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2021, the average compound plasticisers import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :