Singapore: Cadmium Market 2024

Cadmium Market Size in Singapore

The Singaporean cadmium market rose notably to $X in 2022, surging by 5.4% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cadmium Production in Singapore

In value terms, cadmium production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cadmium Exports

Exports from Singapore

In 2022, the amount of cadmium exported from Singapore surged to X kg, growing by 21% compared with the year before. Overall, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 293% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cadmium exports surged to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 379% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for cadmium exports from Singapore, with a 83% share of total exports. Moreover, cadmium exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+34.0% per year) and Thailand (+14.9% per year).

In value terms, the largest markets for cadmium exported from Singapore were Malaysia ($X), Indonesia ($X) and Thailand ($X), together accounting for 98% of total exports.

Malaysia, with a CAGR of +64.3%, recorded the highest rates of growth with regard to 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 cadmium export price stood at $X per ton in 2022, increasing by 9.3% against the previous year. Overall, the export price enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 804% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cadmium Imports

Imports into Singapore

In 2022, the amount of cadmium imported into Singapore shrank markedly to X tons, declining by -17.8% compared with the year before. Over the period under review, imports showed a significant contraction. The pace of growth was the most pronounced in 2018 with an increase of 1,753%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cadmium imports declined to $X in 2022. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 1,363%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main cadmium supplier to Singapore, with a 98% share of total imports. It was followed by Germany (X kg), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -10.6%.

In value terms, the United States ($X) constituted the largest supplier of cadmium to Singapore, comprising 19% of total imports. The second position in the ranking was held by Germany ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -18.4%.

Import Prices by Country

In 2022, the average cadmium import price amounted to $X per ton, picking up by 7.3% against the previous year. In general, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 96%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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