Singapore: Lysine Market 2024

Lysine Market Size in Singapore

The Singaporean lysine market was estimated at $X in 2022, surging by 10% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lysine consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Lysine Production in Singapore

In value terms, lysine production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.9% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 56%. Lysine production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports from Singapore

In 2022, shipments abroad of lysine and its esters, and salts thereof was finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 530%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, lysine exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 231% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) was the main destination for lysine exports from Singapore, with a 76% share of total exports. Moreover, lysine exports to Sri Lanka exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. Indonesia (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sri Lanka totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+12.8% per year) and Indonesia (-1.4% per year).

In value terms, the largest markets for lysine exported from Singapore were Sri Lanka ($X), Malaysia ($X) and Indonesia ($X), with a combined 77% share of total exports. Pakistan lagged somewhat behind, comprising a further 11%.

In terms of the main countries of destination, Pakistan, with a CAGR of +24.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lysine export price stood at $X per ton in 2022, falling by -12.4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 197%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Sri Lanka ($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 (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into Singapore

In 2022, approx. X tons of lysine and its esters, and salts thereof were imported into Singapore; increasing by 143% compared with the previous year. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lysine imports soared to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 357%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), China (X tons) and the United States (X tons) were the main suppliers of lysine imports to Singapore, together comprising 94% of total imports. South Korea, Indonesia and Japan lagged somewhat behind, together accounting for a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +115.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Singapore, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +116.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.4% per year) and South Korea (+128.0% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, declining by -15.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 367% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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