Singapore: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2024

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Singapore

For the third consecutive year, the Singaporean chlorates, bromates and iodates market recorded decline in sales value, which decreased by -1.5% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Singapore

In value terms, chlorates, bromates and iodates production rose to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 12% against the previous year. Chlorates, bromates and iodates production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Singapore

For the third consecutive year, Singapore recorded growth in overseas shipments of chlorates and perchlorates, bromates and perbromates, iodates and periodates, which increased by 38% to X tons in 2021. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 124%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chlorates, bromates and iodates exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 167% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for chlorates, bromates and iodates exports from Singapore, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at -6.8%.

In value terms, Indonesia ($X) also remains the key foreign market for chlorates and perchlorates, bromates and perbromates, iodates and periodates exports from Singapore.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at -9.9%.

Export Prices by Country

In 2021, the average chlorates, bromates and iodates export price amounted to $X per ton, falling by -11.4% against the previous year. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to -3.3% per year.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Singapore

Chlorates, bromates and iodates imports into Singapore surged to X tons in 2021, picking up by 46% compared with 2020. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 107%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, chlorates, bromates and iodates imports expanded remarkably to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest chlorates, bromates and iodates supplier to Singapore, accounting for a 79% share of total imports. Moreover, chlorates, bromates and iodates imports from Canada exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+85.2% per year) and the United States (+24.0% per year).

In value terms, Canada ($X) constituted the largest supplier of chlorates and perchlorates, bromates and perbromates, iodates and periodates to Singapore, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with a 15% share of total imports. It was followed by China, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+90.7% per year) and China (-36.5% per year).

Import Prices by Country

In 2021, the average chlorates, bromates and iodates import price amounted to $X per ton, waning by -22.3% against the previous year. In general, the import price showed a perceptible contraction. The growth pace was the most rapid in 2014 when the average import price increased by 78%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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