Singapore - Compound Plasticisers For Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights

Singapore: Compound Plasticisers Market Overview 2020

Compound Plasticisers Market Size in Singapore

The revenue of the compound plasticisers market in Singapore amounted to $X in 2018, surging by X% 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). Overall, the total market indicated slight growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, compound plasticisers consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. In that year, the compound plasticisers market reached its peak level and is likely to continue its growth in the immediate term.

Compound Plasticisers Exports

Exports from Singapore

Compound plasticisers exports from Singapore amounted to X tonnes in 2018, growing by X% against the previous year. Over the period under review, compound plasticisers exports, however, continue to indicate a measured drop. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, compound plasticisers exports amounted to $X in 2018. Overall, compound plasticisers exports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, compound plasticisers exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Bangladesh (X tonnes) 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, Hong Kong SAR (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Bangladesh totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (-X% per year) and China (-X% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for compound plasticisers exports from Singapore, comprising X% of total compound plasticisers exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, 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: China (-X% per year) and China, Hong Kong SAR (-X% per year).

Export Prices by Country

In 2018, the average compound plasticisers export price amounted to $X per tonne, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Singapore

In 2018, the amount of compound plasticisers for rubber or plastics imported into Singapore amounted to X tonnes, jumping by X% against the previous year. Overall, compound plasticisers imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, compound plasticisers imports amounted to $X in 2018. In general, the total imports indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, compound plasticisers imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, compound plasticisers imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, South Korea (X tonnes) constituted the largest compound plasticisers supplier to Singapore, with a X% share of total imports. Moreover, compound plasticisers imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from South Korea amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and India (+X% per year).

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the largest compound plasticisers suppliers to Singapore, with a combined X% share of total imports. These countries were followed by the U.S., Taiwan, Chinese, Malaysia, India and South Africa, which together accounted for a further X experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average compound plasticisers import price stood at $X per tonne in 2018, waning by -X% against the previous year. In general, the compound plasticisers import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. In that year, the average import prices for compound plasticisers for rubber or plastics reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for compound plasticisers for rubber or plastics remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform