Singapore: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in Singapore

In 2022, after two years of growth, there was significant decline in the Singaporean aldehydes cyclic polymers market, when its value decreased by -28% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Aldehydes cyclic polymers consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Aldehydes Cyclic Polymers Production in Singapore

In value terms, aldehydes cyclic polymers production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable descent. The growth pace was the most rapid in 2019 with an increase of 32,394,500%. Aldehydes cyclic polymers production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports from Singapore

In 2022, overseas shipments of cyclic polymers of aldehydes decreased by -99% to X kg, falling for the third consecutive year after two years of growth. Overall, exports faced a sharp downturn. The growth pace was the most rapid in 2018 when exports increased by 335%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers exports dropped sharply to $X in 2022. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by 748%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X kg), Thailand (X kg) and Malaysia (X kg) were the main destinations of aldehydes cyclic polymers exports from Singapore.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of -63.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for aldehydes cyclic polymers exported from Singapore were Vietnam ($X), Thailand ($X) and Malaysia ($X).

Among the main countries of destination, Thailand, with a CAGR of -60.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average aldehydes cyclic polymers export price amounted to $X per ton, declining by -28.8% against the previous year. In general, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 95%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aldehydes Cyclic Polymers Imports

Imports into Singapore

In 2022, approx. X kg of cyclic polymers of aldehydes were imported into Singapore; which is down by -84.9% against 2021 figures. In general, imports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 1,205%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, aldehydes cyclic polymers imports declined notably to $X in 2022. Over the period under review, imports recorded a significant curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 401%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X kg), Switzerland (X kg) and Germany (X kg) were the main suppliers of aldehydes cyclic polymers imports to Singapore, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -3.9%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of cyclic polymers of aldehydes to Singapore, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and the United States (-23.8% per year).

Import Prices by Country

In 2022, the average aldehydes cyclic polymers import price amounted to $X per ton, dropping by -19.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 337%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Switzerland ($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 Netherlands (+49.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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