Singapore: Other Chemical Products Market 2024

Other Chemical Products Market Size in Singapore

The Singaporean other chemical products market amounted to less than $X in 2022, remaining stable against the previous year. In general, consumption recorded a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Other Chemical Products Production in Singapore

In value terms, other chemical products production stood at less than $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Other Chemical Products Exports

Exports from Singapore

After five years of growth, overseas shipments of other chemical products decreased by X% to X tons in 2017. Over the period under review, total exports indicated a buoyant increase from 2012 to 2017: its volume increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2016, and then declined in the following year.

In value terms, other chemical products exports totaled $X in 2017. Overall, total exports indicated a prominent expansion from 2012 to 2017: its value increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports decreased by X% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2017, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main destinations of other chemical products exports from Singapore, with a combined X% share of total exports. The United States, Malaysia, Thailand, Vietnam, South Korea, the Philippines, Switzerland, Japan, South Africa and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2017, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Singapore were Malaysia ($X), China ($X) and the United States ($X), together accounting for X% of total exports. Indonesia, India, Thailand, Vietnam, South Korea, Switzerland, the Philippines, Japan, South Africa and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Switzerland, with a CAGR of X.4%, saw 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 2017, the average other chemical products export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2017, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2017, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Singapore

In 2017, overseas purchases of other chemical products decreased by X% to X tons, falling for the third consecutive year after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2017, imports failed to regain momentum.

In value terms, other chemical products imports soared to $X in 2017. The total import value increased at an average annual rate of X% over the period from 2012 to 2017; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2017 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of other chemical products imports to Singapore, with a combined X% share of total imports. Germany, Japan, Saudi Arabia, France, India, Taiwan (Chinese), South Korea, the Netherlands, the UK and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other chemical products to Singapore, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2017, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2017, increasing by X% against the previous year. Over the period from 2012 to 2017, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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