Singapore: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Singapore

In 2022, the Singaporean diphosphorus pentaoxide market decreased by -86.7% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Diphosphorus Pentaoxide Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in overseas shipments of diphosphorus pentaoxide, when their volume decreased by -50.2% to X tons. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 585% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports shrank to $X in 2022. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 499%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for diphosphorus pentaoxide exports from Singapore, with a 99% share of total exports. It was followed by Malaysia (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-32.8% per year) and Thailand (-37.1% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for diphosphorus pentaoxide exports from Singapore, comprising 96% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-20.6% per year) and Thailand (-37.5% per year).

Export Prices by Country

The average diphosphorus pentaoxide export price stood at $X per ton in 2022, jumping by 80% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by 93%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brunei Darussalam ($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 Malaysia (+18.0%), while the prices for the other major destinations experienced a decline.

Diphosphorus Pentaoxide Imports

Imports into Singapore

In 2022, purchases abroad of diphosphorus pentaoxide decreased by -85.7% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 165% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, diphosphorus pentaoxide imports reduced sharply to $X in 2022. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 274% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest diphosphorus pentaoxide supplier to Singapore, accounting for a 66% share of total imports. Moreover, diphosphorus pentaoxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.9% per year) and France (+133.4% per year).

In value terms, the United States ($X) constituted the largest supplier of diphosphorus pentaoxide to Singapore, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Japan, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.3% per year) and Japan (-3.2% per year).

Import Prices by Country

The average diphosphorus pentaoxide import price stood at $X per ton in 2022, rising by 6.5% against the previous year. In general, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2017 an increase of 79%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 Japan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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