Report Update Nov 1, 2024

Singapore - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Cumene Market 2024

Cumene Market Size in Singapore

For the third year in a row, the Singaporean cumene market recorded decline in sales value, which decreased by -7.3% to $X in 2021. In general, consumption recorded a deep downturn. Cumene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Cumene Production in Singapore

In value terms, cumene production rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Cumene production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cumene Exports

Exports from Singapore

For the third year in a row, Singapore recorded growth in shipments abroad of cumene, which increased by 8.7% to X tons in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 69% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cumene exports surged to $X in 2021. In general, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by 101%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cumene exports from Singapore, accounting for a 99% share of total exports. It was followed by Taiwan (Chinese) (X tons), with a 1% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to China totaled +1.4%.

In value terms, China ($X) remains the key foreign market for cumene exports from Singapore, comprising 99% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 0.9% share of total exports.

From 2014 to 2021, the average annual growth rate of value to China stood at -2.1%.

Export Prices by Country

In 2021, the average cumene export price amounted to $X per ton, growing by 54% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.4%).

Cumene Imports

Imports into Singapore

After three years of growth, purchases abroad of cumene decreased by -92.4% to X kg in 2021. Overall, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2016 with an increase of 28,620% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell remarkably in the following year.

In value terms, cumene imports dropped rapidly to $X in 2021. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 18,471%. Over the period under review, imports hit record highs at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, India (X kg) was the main cumene supplier to Singapore, accounting for a 91% share of total imports. Moreover, cumene imports from India exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.4% per year) and Germany (-39.6% per year).

In value terms, India ($X) constituted the largest supplier of cumene to Singapore, comprising 88% of total imports. The second position in the ranking was held by the UK ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.5% per year) and Germany (-39.0% per year).

Import Prices by Country

The average cumene import price stood at $X per ton in 2021, which is down by -31.7% against the previous year. Overall, the import price, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 899% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+339.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, together accounting for 73% of global consumption. The United States, Singapore, Brazil and Germany lagged somewhat behind, together comprising a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, with a combined 78% share of global production. These countries were followed by the United States, Germany, Russia and Portugal, which together accounted for a further 19%.

What are the leading suppliers of cumene to Singapore?

In value terms, India constituted the largest supplier of cumene to Singapore, comprising 77% of total imports. The second position in the ranking was occupied by Germany $960), with a 23% share of total imports.

What are the leading importers of cumene from Singapore?

In value terms, China remains the key foreign market for cumene exports from Singapore.

What is the average export price for cumene in Singapore?

The average cumene export price stood at $749 per ton in 2021, with an increase of 5.3% against the previous year.

What is the average import price for cumene in Singapore?

In 2021, the average cumene import price amounted to $4,399 per ton, rising by 38% against the previous year.

This report provides an in-depth analysis of the cumene market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141270 - Cumene

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023