Singapore: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Singapore

In 2022, the Singaporean hypochlorites, chlorites and hypobromites market increased by 5.6% to $X, rising for the third year in a row after four years of decline. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Singapore

In value terms, hypochlorites, chlorites and hypobromites production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 22% against the previous year. Hypochlorites, chlorites and hypobromites production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Singapore

In 2022, shipments abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites decreased by -0.5% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 156%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites exports rose sharply to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 85%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) were the main destinations of hypochlorites, chlorites and hypobromites exports from Singapore, with a combined 68% share of total exports. Mauritius, Vietnam, Myanmar and Papua New Guinea lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +63.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hypochlorites, chlorites and hypobromites exported from Singapore were Malaysia ($X), Indonesia ($X) and Vietnam ($X), together accounting for 61% of total exports. Brunei Darussalam, Papua New Guinea, Myanmar and Mauritius lagged somewhat behind, together accounting for a further 9%.

Papua New Guinea, with a CAGR of +55.0%, recorded 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 hypochlorites, chlorites and hypobromites export price stood at $X per ton in 2022, growing by 7.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mauritius ($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 Indonesia (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Singapore

After two years of decline, supplies from abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites increased by 23% to X tons in 2022. Over the period under review, imports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2019 when imports increased by 80%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports declined modestly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.0% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of hypochlorites, chlorites and hypobromites to Singapore, accounting for a 81% share of total imports. Moreover, hypochlorites, chlorites and hypobromites imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by Japan (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.5% per year) and Japan (-3.5% per year).

In value terms, China ($X), Japan ($X) and Malaysia ($X) were the largest hypochlorites, chlorites and hypobromites suppliers to Singapore, together comprising 84% of total imports. The United States and India lagged somewhat behind, together comprising a further 12%.

The United States, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average hypochlorites, chlorites and hypobromites import price amounted to $X per ton, which is down by -20.8% against the previous year. Overall, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2015 an increase of 145% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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