Singapore: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in Singapore

In 2021, after three years of growth, there was significant decline in the Singaporean ammonium chloride market, when its value decreased by -20.1% to $X. In general, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Ammonium Chloride Production in Singapore

In value terms, ammonium chloride production declined sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 554%. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Ammonium Chloride Exports

Exports from Singapore

Ammonium chloride exports from Singapore shrank markedly to X tons in 2021, waning by -91.4% compared with the previous year. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 573% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, ammonium chloride exports dropped markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a slight increase. The growth pace was the most rapid in 2020 when exports increased by 418%. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and Brunei Darussalam (X tons) were the main destinations of ammonium chloride exports from Singapore, together comprising 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for ammonium chloride exports from Singapore, comprising 54% of total exports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total exports. It was followed by Sri Lanka, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+22.6% per year) and Sri Lanka (-2.6% per year).

Export Prices by Country

The average ammonium chloride export price stood at $X per ton in 2021, surging by 142% against the previous year. Overall, the export price, however, saw a perceptible slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ammonium Chloride Imports

Imports into Singapore

In 2021, ammonium chloride imports into Singapore skyrocketed to X tons, jumping by 85% against 2020 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, ammonium chloride imports soared to $X in 2021. In general, imports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2017 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of ammonium chloride imports to Singapore, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +41.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest ammonium chloride suppliers to Singapore were the United States ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for 75% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +32.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ammonium chloride import price amounted to $X per ton, shrinking by -34.1% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 an increase of 30%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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