Singapore: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Singapore

In 2021, the Singaporean aniline derivatives market decreased by -8.4% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.5% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Aniline Derivatives Production in Singapore

In value terms, aniline derivatives production dropped to $X in 2021 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.9% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 23% against the previous year. Aniline derivatives production peaked at $X in 2020, and then fell in the following year.

Aniline Derivatives Exports

Exports from Singapore

In 2021, shipments abroad of aniline derivatives and their salts decreased by -10.6% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of 104%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aniline derivatives exports surged to $X in 2021. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of 285%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for aniline derivatives exports from Singapore, accounting for a 38% share of total exports. Moreover, aniline derivatives exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), twofold. The third position in this ranking was taken by Indonesia (X kg), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+33.1% per year) and Indonesia (-11.7% per year).

In value terms, the largest markets for aniline derivatives exported from Singapore were Germany ($X), Vietnam ($X) and Taiwan (Chinese) ($X), with a combined 67% share of total exports. These countries were followed by China, Indonesia, Thailand, the UK, Myanmar and Malaysia, which together accounted for a further 29%.

The UK, with a CAGR of +99.3%, 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 aniline derivatives export price stood at $X per ton in 2021, surging by 48% against the previous year. In general, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 396% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to China ($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 Myanmar (+74.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aniline Derivatives Imports

Imports into Singapore

For the fifth consecutive year, Singapore recorded decline in supplies from abroad of aniline derivatives and their salts, which decreased by -24.6% to X tons in 2021. In general, imports saw a perceptible downturn. The growth pace was the most rapid in 2016 when imports increased by 1,279% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aniline derivatives imports fell to $X in 2021. Over the period under review, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2016 when imports increased by 1,665% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest aniline derivatives supplier to Singapore, with a 88% share of total imports. Moreover, aniline derivatives imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by China (X kg), with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+82.4% per year) and China (-59.0% per year).

In value terms, the largest aniline derivatives suppliers to Singapore were the United Arab Emirates ($X), Germany ($X) and China ($X), together accounting for 99% of total imports.

Germany, with a CAGR of +115.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aniline derivatives import price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price saw a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by 28%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+52.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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