Singapore: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Singapore

The Singaporean market for manganites, manganates and permanganates, molybdates and tungstates was estimated at $X in 2021, increasing by 5.6% against the previous year. In general, consumption, however, showed a noticeable reduction. Manganites, manganates, molybdates and tungstates consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Singapore

In value terms, manganites, manganates, molybdates and tungstates production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 with an increase of 20%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Singapore

In 2021, manganites, manganates, molybdates and tungstates exports from Singapore declined slightly to X tons, almost unchanged from the year before. In general, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2019 when exports increased by 25% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports shrank to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 44% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Singapore, accounting for a 45% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to Malaysia exceeded the volume sent to the second major destination, Pakistan (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+20.9% per year) and Thailand (+8.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from Singapore, comprising 53% of total exports. The second position in the ranking was held by Pakistan ($X), with a 22% share of total exports. It was followed by Thailand, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+12.1% per year) and Thailand (+0.8% per year).

Export Prices by Country

In 2021, the average export price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, declining by -7.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the 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 Indonesia ($X per ton), while the average price for exports to Sri Lanka ($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 Indonesia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Singapore

In 2021, the amount of manganites, manganates and permanganates, molybdates and tungstates imported into Singapore surged to X tons, with an increase of 77% on the year before. In general, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. Overall, imports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2013 when imports increased by 105%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of manganites, manganates, molybdates and tungstates to Singapore, with a 52% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.9% per year) and the United States (-15.4% per year).

In value terms, the largest manganites, manganates, molybdates and tungstates suppliers to Singapore were China ($X), the United States ($X) and Thailand ($X), with a combined 79% share of total imports. India, Japan, Brazil and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 8.9%.

Among the main suppliers, India, with a CAGR of +79.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, increasing by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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