Singapore: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Singapore

The Singaporean ferro-cerium and pyrophoric alloys market reduced rapidly to $X in 2021, declining by -20.3% against the previous year. Over the period under review, consumption recorded a noticeable decline. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Singapore

In value terms, ferro-cerium and pyrophoric alloys production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 76% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Singapore

In 2021, exports of ferro-cerium and pyrophoric alloys from Singapore declined to X tons, dropping by -10.6% compared with the previous year. Overall, exports faced a significant decline. The growth pace was the most rapid in 2014 with an increase of 25%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports rose rapidly to $X in 2021. Over the period under review, exports recorded a precipitous setback. The growth pace was the most rapid in 2019 when exports increased by 9.8%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Singapore, with a 51% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to China exceeded the volume sent to the second major destination, Maldives (X tons), twofold. The third position in this ranking was held by Cambodia (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+12.0% per year) and Cambodia (+131.8% per year).

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Singapore were China ($X), Maldives ($X) and Seychelles ($X), with a combined 70% share of total exports. Indonesia, Vietnam, Cambodia, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 23%.

Cambodia, with a CAGR of +129.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Cambodia ($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 Germany (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Singapore

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were imported into Singapore; with a decrease of -15.5% on 2020 figures. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports declined to $X in 2021. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Singapore, accounting for a 68% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.2% per year) and the United Arab Emirates (-30.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Singapore, comprising 49% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.4% per year) and Japan (+7.0% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, 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 Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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