Singapore: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Singapore

The Singaporean cyclanic, cyclenic hydrocarbons derivatives market soared to $X in 2022, with an increase of 2,025% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Singapore

In value terms, cyclanic, cyclenic hydrocarbons derivatives production totaled less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume decreased by 99.9%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports from Singapore

In 2022, shipments abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons increased by 14% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 307%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 544%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for cyclanic, cyclenic hydrocarbons derivatives exports from Singapore, with a 43% share of total exports. Moreover, cyclanic, cyclenic hydrocarbons derivatives exports to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), threefold. The third position in this ranking was taken by Japan (X kg), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+390.5% per year) and Japan (+16.1% per year).

In value terms, Malaysia ($X), Indonesia ($X) and Taiwan (Chinese) ($X) were the largest markets for cyclanic, cyclenic hydrocarbons derivatives exported from Singapore worldwide, together accounting for 91% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +457.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclanic, cyclenic hydrocarbons derivatives export price stood at $X per ton in 2022, increasing by 196% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United States ($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 Taiwan (Chinese) (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports into Singapore

In 2022, purchases abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons increased by 248% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports surged to $X in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest cyclanic, cyclenic hydrocarbons derivatives supplier to Singapore, with a 86% share of total imports. Moreover, cyclanic, cyclenic hydrocarbons derivatives imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+64.5% per year) and the United States (+25.0% per year).

In value terms, Japan ($X) constituted the largest supplier of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons to Singapore, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+59.4% per year) and the United States (+36.6% per year).

Import Prices by Country

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives import price amounted to $X per ton, increasing by 44% against the previous year. Overall, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in 2018 an increase of 101% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for China ($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 United States (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :