Singapore: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Singapore

The Singaporean ionones and methylionones market surged to $X in 2021, rising by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.9% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ionones And Methylionones Exports

Exports from Singapore

In 2021, ionones and methylionones exports from Singapore totaled X tons, remaining constant against the previous year. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 122% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ionones and methylionones exports expanded modestly to $X in 2021. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 62% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of ionones and methylionones exports from Singapore, together comprising 90% of total exports. South Korea, Malaysia and India lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +100.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Hong Kong SAR ($X) appeared to be the largest markets for ionones and methylionones exported from Singapore worldwide, together accounting for 84% of total exports. South Korea, Malaysia and India lagged somewhat behind, together comprising a further 13%.

Malaysia, with a CAGR of +79.5%, saw the highest growth rate of 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 ionones and methylionones export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 74%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Hong Kong SAR ($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 India (+0.5%), while the prices for the other major destinations experienced a decline.

Ionones And Methylionones Imports

Imports into Singapore

For the third consecutive year, Singapore recorded growth in supplies from abroad of ionones and methylionones, which increased by 18% to X tons in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ionones and methylionones imports expanded remarkably to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +82.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Switzerland (X tons) were the main suppliers of ionones and methylionones imports to Singapore, together comprising 95% of total imports.

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

In value terms, China ($X), Germany ($X) and Switzerland ($X) appeared to be the largest ionones and methylionones suppliers to Singapore, with a combined 90% share of total imports.

China, with a CAGR of +13.6%, recorded the highest growth rate of 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 2021, the average ionones and methylionones import price amounted to $X per ton, with a decrease of -4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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