Singapore: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in Singapore

In 2022, after three years of decline, there was growth in the Singaporean antimony and articles thereof market, when its value increased by 3.6% to $X. In general, consumption continues to indicate a precipitous shrinkage. Antimony and articles thereof consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Antimony and Articles Thereof in Singapore

In value terms, antimony and articles thereof production amounted to $X in 2022 estimated in export price. In general, production recorded a sharp downturn. The most prominent rate of growth was recorded in 2017 when the production volume decreased by 99.9% against the previous year. Antimony and articles thereof production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Antimony and Articles Thereof

Exports from Singapore

In 2022, shipments abroad of antimony and articles thereof increased by 1.5% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 773% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, antimony and articles thereof exports fell rapidly to $X in 2022. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 853%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for antimony and articles thereof exports from Singapore, accounting for a 70% share of total exports. Moreover, antimony and articles thereof exports to Malaysia exceeded the volume sent to the second major destination, China (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to +19.9%.

In value terms, Malaysia ($X) and China ($X) were the largest markets for antimony and articles thereof exported from Singapore worldwide.

In terms of the main countries of destination, Malaysia, with a CAGR of +26.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average antimony and articles thereof export price stood at $X per ton in 2022, dropping by -21.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced sharply in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Antimony and Articles Thereof

Imports into Singapore

In 2022, overseas purchases of antimony and articles thereof decreased by -80.7% to X kg, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2017 when imports increased by 795%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, antimony and articles thereof imports dropped significantly to $X in 2022. In general, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,383%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X kg) was the main supplier of antimony and articles thereof to Singapore, with a 98% share of total imports. It was followed by the United States (X kg), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-51.7% per year) and China (-59.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of antimony and articles thereof to Singapore, comprising 98% of total imports. The second position in the ranking was taken by China ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-51.7% per year) and the United States (-50.5% per year).

Import Prices by Country

In 2022, the average antimony and articles thereof import price amounted to $X per ton, with an increase of 44% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 66% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 China ($X per ton), while the price for the United States ($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 (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform