Singapore: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Singapore

In 2021, the Singaporean industrial fatty alcohols market increased by 30% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted prominent growth. Industrial fatty alcohols consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Fatty Alcohols Exports

Exports from Singapore

In 2021, after two years of decline, there was significant growth in overseas shipments of industrial fatty alcohols, when their volume increased by 35% to X tons. Overall, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols exports surged to $X in 2021. In general, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main destinations of industrial fatty alcohols exports from Singapore, together accounting for 74% of total exports. These countries were followed by Taiwan (Chinese), Brazil, Japan, Australia and Malaysia, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and South Korea ($X) appeared to be the largest markets for industrial fatty alcohols exported from Singapore worldwide, together accounting for 74% of total exports. These countries were followed by Taiwan (Chinese), Japan, Brazil, Australia and Malaysia, which together accounted for a further 20%.

Brazil, with a CAGR of +25.9%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, growing by 17% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brazil ($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 Malaysia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into Singapore

In 2021, industrial fatty alcohols imports into Singapore was estimated at X tons, with an increase of 6.5% compared with 2020 figures. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial fatty alcohols imports soared to $X in 2021. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and the United States (X tons) were the main suppliers of industrial fatty alcohols imports to Singapore, together comprising 77% of total imports. These countries were followed by South Africa and the Netherlands, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols suppliers to Singapore were Malaysia ($X), Indonesia ($X) and the United States ($X), together accounting for 80% of total imports. These countries were followed by South Africa and the Netherlands, which together accounted for a further 9.6%.

In terms of the main suppliers, South Africa, with a CAGR of +16.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2021, growing by 47% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and Indonesia ($X per ton), while the price for the Netherlands ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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