Singapore: Market for Anionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Anionic Surface-Active Agents (Excluding Soap) in Singapore

In 2021, after two years of decline, there was significant growth in the Singaporean market for anionic surface-active agents (excluding soap), when its value increased by 20% to $X. Over the period under review, consumption saw a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Anionic Surface-Active Agents (Excluding Soap) in Singapore

In value terms, anionic surface-active agents (excl. soap) production rose markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 102% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Anionic Surface-Active Agents (Excluding Soap)

Exports from Singapore

In 2021, exports of anionic surface-active agents (excluding soap) from Singapore soared to X tons, with an increase of 34% compared with the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 38%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, anionic surface-active agents (excl. soap) exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for anionic surface-active agents (excl. soap) exports from Singapore, accounting for a 32% share of total exports. Moreover, anionic surface-active agents (excl. soap) exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.9% per year) and the Netherlands (+195.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for anionic surface-active agents (excluding soap) exports from Singapore, comprising 31% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total exports. It was followed by the United States, with an 11% 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 (+29.1% per year) and the United States (+60.9% per year).

Export Prices by Country

The average export price for anionic surface-active agents (excluding soap) stood at $X per ton in 2021, surging by 5.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 5.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Japan ($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 the Netherlands (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anionic Surface-Active Agents (Excluding Soap)

Imports into Singapore

In 2021, anionic surface-active agents (excl. soap) imports into Singapore surged to X tons, increasing by 38% on the year before. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 141%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, anionic surface-active agents (excl. soap) imports soared to $X in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of 142%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest anionic surface-active agents (excl. soap) supplier to Singapore, accounting for a 34% share of total imports. Moreover, anionic surface-active agents (excl. soap) imports from Indonesia exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+82.4% per year) and Germany (+23.8% per year).

In value terms, the largest anionic surface-active agents (excl. soap) suppliers to Singapore were Indonesia ($X), Japan ($X) and France ($X), together comprising 59% of total imports.

France, with a CAGR of +79.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average import price for anionic surface-active agents (excluding soap) amounted to $X per ton, surging by 6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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