Singapore: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Singapore

The Singaporean chemical contraceptive preparations market soared to $X in 2021, increasing by 208% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chemical Contraceptive Preparations Exports

Exports from Singapore

In 2021, overseas shipments of chemical contraceptive preparations based on hormones or spermicides were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 933%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, chemical contraceptive preparations exports soared to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 989% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Sri Lanka (X tons) and Malaysia (X tons) were the main destinations of chemical contraceptive preparations exports from Singapore, with a combined 73% share of total exports. These countries were followed by Hong Kong SAR, Taiwan (Chinese), the Philippines and Vietnam, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +302.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chemical contraceptive preparations exported from Singapore were Thailand ($X), Sri Lanka ($X) and Malaysia ($X), with a combined 73% share of total exports. These countries were followed by Hong Kong SAR, Taiwan (Chinese), the Philippines and Vietnam, which together accounted for a further 23%.

Vietnam, with a CAGR of +545.7%, saw 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 chemical contraceptive preparations export price stood at $X per ton in 2021, declining by -4.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chemical Contraceptive Preparations Imports

Imports into Singapore

In 2021, overseas purchases of chemical contraceptive preparations based on hormones or spermicides were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 230% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, chemical contraceptive preparations imports surged to $X in 2021. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 257%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of chemical contraceptive preparations to Singapore, accounting for a 66% share of total imports. Moreover, chemical contraceptive preparations imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+52.6% per year) and Indonesia (-5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of chemical contraceptive preparations based on hormones or spermicides to Singapore, comprising 65% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+45.3% per year) and Indonesia (-16.8% per year).

Import Prices by Country

In 2021, the average chemical contraceptive preparations import price amounted to $X per ton, which is down by -12.4% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8% 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 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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