Singapore: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Singapore

In 2022, after three years of decline, there was significant growth in the Singaporean aromatic hydrocarbon mixtures market, when its value increased by X% to $X. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Production in Singapore

In value terms, aromatic hydrocarbon mixtures production surged to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Aromatic Hydrocarbon Mixtures Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in overseas shipments of naphthalene and other aromatic hydrocarbon mixtures, when their volume decreased by X% to X tons. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, aromatic hydrocarbon mixtures exports contracted significantly to $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Singapore, with a combined X% share of total exports.

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

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for aromatic hydrocarbon mixtures exported from Singapore worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Aromatic Hydrocarbon Mixtures Imports

Imports into Singapore

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were imported into Singapore; picking up by X% compared with the year before. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbon mixtures imports surged to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Singapore, with a combined X% share of total imports.

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

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest aromatic hydrocarbon mixtures suppliers to Singapore, with a combined X% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 aromatic hydrocarbon mixtures import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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