Singapore: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Singapore

For the ninth consecutive year, the Singaporean halogenated hydrocarbon derivative market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Halogenated Hydrocarbon Derivative Production in Singapore

In value terms, halogenated hydrocarbon derivative production rose markedly to $X in 2022 estimated in export price. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Singapore

In 2022, overseas shipments of halogenated derivatives of hydrocarbons increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Singapore, with a combined X% share of total exports. Malaysia, Thailand, the United Arab Emirates, Cambodia, India, Vietnam, Iraq, China and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted a tangible expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bangladesh ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Singapore

After three years of decline, overseas purchases of halogenated derivatives of hydrocarbons increased by X% to X tons in 2022. Over the period under review, imports, however, saw a pronounced downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 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 halogenated hydrocarbon derivative imports to Singapore, with a combined X% share of total imports. The United Arab Emirates, Malaysia, Germany, Taiwan (Chinese) and Italy 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 the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Singapore were Japan ($X), China ($X) and the United States ($X), together comprising X% of total imports. Taiwan (Chinese), Italy, Malaysia, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw a measured increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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