Singapore - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSingapore: Industrial Stearic Acid Market 2024
Industrial Stearic Acid Market Size in Singapore
In 2021, the Singaporean industrial stearic acid market increased by 59% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Industrial Stearic Acid Exports
Exports from Singapore
In 2021, shipments abroad of industrial stearic acid increased by 35% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a perceptible increase. The growth pace was the most rapid in 2016 when exports increased by 443% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.
In value terms, industrial stearic acid exports skyrocketed to $X in 2021. Overall, exports saw notable growth. The pace of growth appeared the most rapid in 2016 with an increase of 470% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Bangladesh (X tons), Nigeria (X tons) and Guatemala (X tons) were the main destinations of industrial stearic acid exports from Singapore, with a combined 44% share of total exports. Cambodia, Taiwan (Chinese), Iran, Thailand, Malaysia, Israel, Tanzania, Indonesia, Sri Lanka and Japan lagged somewhat behind, together comprising a further 40%.
From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for industrial stearic acid exported from Singapore were Bangladesh ($X), Nigeria ($X) and Cambodia ($X), together accounting for 32% of total exports. These countries were followed by Guatemala, Taiwan (Chinese), Malaysia, Iran, Thailand, Israel, Indonesia, Sri Lanka, Tanzania and Japan, which together accounted for a further 34%.
Sri Lanka, with a CAGR of +54.4%, 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 stearic acid export price amounted to $X per ton, jumping by 48% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.
Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bangladesh ($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 (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Stearic Acid Imports
Imports into Singapore
In 2021, after two years of decline, there was significant growth in supplies from abroad of industrial stearic acid, when their volume increased by 22% to X tons. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, industrial stearic acid imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Malaysia (X tons) was the main industrial stearic acid supplier to Singapore, accounting for a approx. 98% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +1.9%.
In value terms, Malaysia ($X) constituted the largest supplier of industrial stearic acid to Singapore.
From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +2.3%.
Import Prices by Country
The average industrial stearic acid import price stood at $X per ton in 2021, growing by 45% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +0.4% per year.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial stearic acid market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143120 - Industrial stearic acid
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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