Singapore: Herbicide Market 2024

Herbicide Market Size in Singapore

In 2022, the Singaporean herbicide market increased by X% to $X, rising for the third year in a row after four years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Herbicide Production in Singapore

In value terms, herbicide production amounted to $X in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Herbicide Exports

Exports from Singapore

Herbicide exports from Singapore soared to X tons in 2022, rising by X% against 2021. In general, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, herbicide exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Sri Lanka (X tons) were the main destinations of herbicide exports from Singapore, together comprising X% of total exports. Ethiopia, Bangladesh, Malaysia, Thailand and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Vietnam ($X) and Sri Lanka ($X) constituted the largest markets for herbicide exported from Singapore worldwide, with a combined X% share of total exports. Ethiopia, Bangladesh, Thailand, Malaysia and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ethiopia, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average herbicide export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a temperate 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, herbicide export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

Herbicide Imports

Imports into Singapore

After three years of decline, overseas purchases of herbicides increased by X% to X tons in 2022. Overall, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, herbicide imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of herbicide to Singapore, accounting for a X% share of total imports. Moreover, herbicide imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), sixfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of herbicides to Singapore, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

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

Import Prices by Country

In 2022, the average herbicide import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated prominent growth 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, herbicide import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

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 Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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