Singapore: Complex Fluorine Salts Market 2023

Complex Fluorine Salts Market Size in Singapore

The Singaporean complex fluorine salts market rose markedly to $X in 2021, with an increase of 5.2% 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). Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Complex Fluorine Salts Exports

Exports from Singapore

Complex fluorine salts exports from Singapore surged to X tons in 2021, picking up by 22% against the year before. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 88%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sri Lanka (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of complex fluorine salts exports from Singapore, together accounting for 70% of total exports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +88.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from Singapore, comprising 83% of total exports. The second position in the ranking was held by the United States ($X), with a 4.8% share of total exports. It was followed by Taiwan (Chinese), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.2% per year) and Taiwan (Chinese) (-21.5% per year).

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, rising by 3% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 142%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Sri Lanka ($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 Thailand (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.

Complex Fluorine Salts Imports

Imports into Singapore

In 2021, supplies from abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts decreased by -20.4% to X tons, falling for the third year in a row after four years of growth. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 120%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of complex fluorine salts imports to Singapore, together comprising 77% of total imports. These countries were followed by France, Taiwan (Chinese), Malaysia and Germany, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Singapore, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Japan, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.8% per year) and Japan (+14.4% per year).

Import Prices by Country

The average complex fluorine salts import price stood at $X per ton in 2021, picking up by 66% against the previous year. Overall, the import price recorded a pronounced increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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