Singapore: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Singapore

The Singaporean market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid reached $X in 2022, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Singapore

In 2022, after three years of growth, there was significant decline in shipments abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, when their volume decreased by -51.5% to X tons. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 265% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 174%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Singapore, accounting for a 74% share of total exports. Moreover, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Myanmar exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. China (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+17.2% per year) and China (+24.5% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from Singapore, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 9% share of total exports. It was followed by Malaysia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+33.0% per year) and Malaysia (+10.8% per year).

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, which is down by -11.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Myanmar ($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 Sri Lanka (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Singapore

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid imported into Singapore expanded remarkably to X tons, with an increase of 13% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 68%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier to Singapore, accounting for a 49% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by India (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.0% per year) and India (+13.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Singapore, comprising 43% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.9% per year) and India (+13.1% per year).

Import Prices by Country

The average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, waning by -16.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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