Singapore: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Singapore

In 2021, the Singaporean cyclanes, cyclenes and cycloterpenes market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, faced a deep downturn. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Singapore

In value terms, cyclanes, cyclenes and cycloterpenes production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a dramatic setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 890%. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Singapore

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a dramatic contraction. The pace of growth was the most pronounced in 2017 when exports increased by 227% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports soared to $X in 2021. Overall, exports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2018 when exports increased by 187% 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

Japan (X tons), Taiwan (Chinese) (X tons) and Brunei Darussalam (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from Singapore, with a combined 52% share of total exports. These countries were followed by China, Indonesia, Malaysia, the UK and Thailand, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +237.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Singapore, comprising 28% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +79.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+14.5% per year) and China (+6.5% per year).

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 an increase of 210%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Singapore

In 2021, imports of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) into Singapore skyrocketed to X tons, growing by 78% on the year before. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports soared to $X in 2021. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brunei Darussalam (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to Singapore, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +21,889,750.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Singapore, comprising 40% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Brunei Darussalam, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+15.0% per year) and Brunei Darussalam (+19,443,114.3% per year).

Import Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brunei Darussalam ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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