Singapore: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Singapore

The Singaporean azo- or azoxy-compounds market fell modestly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Azo- Or Azoxy-Compounds Production in Singapore

In value terms, azo- or azoxy-compounds production declined to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from Singapore

In 2022, shipments abroad of diazo-, azo- or azoxy-compounds increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, azo- or azoxy-compounds exports fell to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for azo- or azoxy-compounds exports from Singapore, with a X% share of total exports. Moreover, azo- or azoxy-compounds exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Malaysia ($X) remains the key foreign market for diazo-, azo- or azoxy-compounds exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

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

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Vietnam ($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 Philippines (X%), while the prices for the other major destinations experienced a decline.

Azo- Or Azoxy-Compounds Imports

Imports into Singapore

Azo- or azoxy-compounds imports into Singapore skyrocketed to X tons in 2022, with an increase of X% against 2021 figures. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, azo- or azoxy-compounds imports skyrocketed to $X in 2022. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Japan (X tons) and China (X tons) were the main suppliers of azo- or azoxy-compounds imports to Singapore, together comprising X% of total imports. South Korea and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, import price indicated a noticeable 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, azo- or azoxy-compounds import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($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) :