Singapore: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Singapore

After three years of decline, the Singaporean organo-sulphur compound market increased by X% to $X in 2022. In general, consumption saw significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Organo-Sulphur Compound Production in Singapore

In value terms, organo-sulphur compound production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Organo-Sulphur Compound Exports

Exports from Singapore

In 2022, shipments abroad of organo-sulphur compounds increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, organo-sulphur compound exports soared to $X in 2022. Overall, exports, however, showed a dramatic descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for organo-sulphur compound exports from Singapore, with a X% share of total exports. Moreover, organo-sulphur compound exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, the largest markets for organo-sulphur compound exported from Singapore were Brazil ($X), India ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organo-sulphur compound export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The export price peaked at $X per ton in 2012; however, from 2013 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 Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Sulphur Compound Imports

Imports into Singapore

In 2022, overseas purchases of organo-sulphur compounds increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, saw a perceptible shrinkage. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, organo-sulphur compound imports surged to $X in 2022. In general, imports, however, showed a noticeable reduction. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of organo-sulphur compound to Singapore, accounting for a X% share of total imports. Moreover, organo-sulphur compound imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest organo-sulphur compound suppliers to Singapore were Malaysia ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 organo-sulphur compound import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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