Singapore: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Singapore

The Singaporean buta-1,3-diene and isoprene market contracted markedly to $X in 2022, shrinking by -27.4% against the previous year. In general, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buta-1,3-Diene And Isoprene Production in Singapore

In value terms, buta-1,3-diene and isoprene production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 149%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Singapore

After two years of growth, overseas shipments of buta-1,3-diene and isoprene decreased by -18.6% to X tons in 2022. Over the period under review, exports recorded a mild descent. The pace of growth appeared the most rapid in 2014 when exports increased by 93% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene exports dropped sharply to $X in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 118% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) were the main destinations of buta-1,3-diene and isoprene exports from Singapore, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for buta-1,3-diene and isoprene exported from Singapore worldwide, with a combined 74% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average buta-1,3-diene and isoprene export price stood at $X per ton in 2022, with an increase of 3.1% against the previous year. In general, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 43%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-5.4%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into Singapore

In 2022, overseas purchases of buta-1,3-diene and isoprene were finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 2,768%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene imports surged to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,869% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to Singapore, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest buta-1,3-diene and isoprene suppliers to Singapore, with a combined 99% share of total imports.

South Korea, with a CAGR of +83.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2022, surging by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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