Singapore: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Singapore

The Singaporean market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated a noticeable increase 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. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Singapore

Liquid air and distilled water exports from Singapore expanded remarkably to X tons in 2021, surging by 12% against the previous year's figure. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 113% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid air and distilled water exports shrank rapidly to $X in 2021. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 186% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for liquid air and distilled water exports from Singapore, accounting for a 44% share of total exports. Moreover, liquid air and distilled water exports to Bangladesh exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +252.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+9.0% per year) and Japan (+3.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Singapore, comprising 42% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by the United States, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+26.0% per year) and the United States (+64.1% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with a decrease of -38.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the 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 Malaysia ($X per ton), while the average price for exports to Seychelles ($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 Japan (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Singapore

In 2021, overseas purchases of liquid or compressed air and distilled or conductivity water were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by 60%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, liquid air and distilled water imports skyrocketed to $X in 2021. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 90% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of liquid air and distilled water to Singapore, with a 36% share of total imports. Moreover, liquid air and distilled water imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The Philippines (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and the Philippines (+104.4% per year).

In value terms, Japan ($X), the United States ($X) and the Philippines ($X) were the largest liquid air and distilled water suppliers to Singapore, together comprising 71% of total imports. These countries were followed by Malaysia, Taiwan (Chinese), Germany, Hong Kong SAR and China, which together accounted for a further 20%.

Taiwan (Chinese), with a CAGR of +367.7%, 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

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, picking up by 6.2% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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