Singapore: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Singapore

For the third year in a row, the Singaporean cyanides and cyanide oxides market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed strong growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Singapore

In value terms, cyanides and cyanide oxides production soared to $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Singapore

For the third consecutive year, Singapore recorded growth in overseas shipments of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cyanides and cyanide oxides exports fell slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cyanides and cyanide oxides exports from Singapore, accounting for a X% share of total exports. It was followed by India (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%.

In value terms, Malaysia ($X) remains the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Singapore, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at X%.

Export Prices by Country

The average cyanides and cyanide oxides export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price faced a precipitous decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 India ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

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

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Singapore

For the third consecutive year, Singapore recorded growth in overseas purchases of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. In general, imports showed a modest increase. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cyanides and cyanide oxides imports surged to $X in 2022. Overall, imports continue to indicate a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of cyanides and cyanide oxides to Singapore, with a X% share of total imports. Moreover, cyanides and cyanide oxides imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to Singapore, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average cyanides and cyanide oxides import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyanides and cyanide oxides import price increased by X% against 2017 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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