Singapore: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Singapore

The Singaporean acyclic hydrocarbons derivatives market surged to $X in 2021, picking up by 84% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Acyclic hydrocarbons derivatives consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in Singapore

In value terms, acyclic hydrocarbons derivatives production reduced markedly to $X in 2021 estimated in export price. In general, production saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 4,101%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Singapore

Acyclic hydrocarbons derivatives exports from Singapore dropped modestly to X tons in 2021, waning by -2.1% on the previous year. Overall, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 89%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports expanded sharply to $X in 2021. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 104%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Japan (X tons), India (X tons) and Cambodia (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Singapore, with a combined 61% share of total exports. These countries were followed by Malaysia, Hong Kong SAR, the United Arab Emirates, Saudi Arabia, Vietnam, Indonesia, South Korea, Israel, Sri Lanka and the Philippines, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +51.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Singapore, comprising 55% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Malaysia, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.6% per year) and Malaysia (-3.7% per year).

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, increasing by 17% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives export price increased by +72.9% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($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 Japan (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Singapore

In 2021, overseas purchases of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2016 with an increase of 22% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of acyclic hydrocarbons derivatives to Singapore, accounting for a 52% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and Japan (-1.9% per year).

In value terms, the largest acyclic hydrocarbons derivatives suppliers to Singapore were Japan ($X), China ($X) and the United States ($X), together accounting for 73% of total imports. Malaysia lagged somewhat behind, accounting for a further 2.6%.

Malaysia, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, jumping by 26% against the previous year. In general, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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