Singapore: Peroxosulphates Market 2024

Peroxosulphates Market Size in Singapore

For the third year in a row, the Singaporean peroxosulphates market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Peroxosulphates Production in Singapore

In value terms, peroxosulphates production soared to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Peroxosulphates Exports

Exports from Singapore

In 2022, overseas shipments of peroxosulphates (persulphates) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed moderate growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxosulphates exports expanded sharply to $X in 2022. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of peroxosulphates exports from Singapore, with a combined X% share of total exports. Vietnam, Australia, Sri Lanka and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and the Philippines ($X) constituted the largest markets for peroxosulphates exported from Singapore worldwide, together accounting for X% of total exports. Australia, Sri Lanka, Vietnam and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to 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 peroxosulphates export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Vietnam ($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 Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxosulphates Imports

Imports into Singapore

In 2022, the amount of peroxosulphates (persulphates) imported into Singapore declined rapidly to X tons, with a decrease of X% against 2021. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, peroxosulphates imports fell significantly to $X in 2022. Overall, total imports indicated a notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest peroxosulphates supplier to Singapore, with a X% share of total imports. Moreover, peroxosulphates imports from Japan 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 Japan 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 peroxosulphates suppliers to Singapore were Japan ($X), China ($X) and the United States ($X), together comprising X% of total imports.

Among the main suppliers, China, 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

The average peroxosulphates import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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