Report Update Nov 1, 2024

Singapore - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Propylene Oxide Market 2024

Propylene Oxide Market Size in Singapore

The Singaporean propylene oxide market amounted to $X in 2021, leveling off at the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Propylene Oxide Production in Singapore

In value terms, propylene oxide production dropped to $X in 2021 estimated in export price. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13%. Propylene oxide production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Propylene Oxide Exports

Exports from Singapore

In 2021, shipments abroad of methyloxirane (propylene oxide) decreased by -36% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 8.3% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, propylene oxide exports reduced sharply to $X in 2021. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 21%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), China (X tons) and India (X tons) were the main destinations of propylene oxide exports from Singapore, together accounting for 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +5.3%), while the other leaders experienced a decline.

In value terms, South Korea ($X) remains the key foreign market for methyloxirane (propylene oxide) exports from Singapore, comprising 53% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-20.9% per year) and India (+6.6% per year).

Export Prices by Country

In 2021, the average propylene oxide export price amounted to $X per ton, picking up by 30% against the previous year. Overall, the export price, however, recorded a mild downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Propylene Oxide Imports

Imports into Singapore

In 2021, supplies from abroad of methyloxirane (propylene oxide) decreased by -58.9% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a precipitous setback. The growth pace was the most rapid in 2014 with an increase of 91% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, propylene oxide imports declined dramatically to $X in 2021. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by 120%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the Netherlands (X tons) were the main suppliers of propylene oxide imports to Singapore.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of -22.7%).

In value terms, the largest propylene oxide suppliers to Singapore were Saudi Arabia ($X) and the Netherlands ($X).

In terms of the main suppliers, Saudi Arabia, with a CAGR of -20.7%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average propylene oxide import price stood at $X per ton in 2021, growing by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methyloxirane (propylene oxide) in the world?

The countries with the highest volumes of propylene oxide consumption in 2021 were the Netherlands, China and Singapore, together comprising 64% of global consumption.

What are the largest producers of methyloxirane (propylene oxide) in the world?

The Netherlands remains the largest propylene oxide producing country worldwide, accounting for 37% of total volume. Moreover, propylene oxide production in the Netherlands exceeded the figures recorded by the second-largest producer, Singapore, twofold. The third position in this ranking was occupied by the United States, with a 16% share.

What are the leading suppliers of methyloxirane (propylene oxide) to Singapore?

In value terms, Saudi Arabia constituted the largest supplier of propylene oxide to Singapore, comprising 73% of total imports. The second position in the ranking was occupied by the Netherlands, with a 26% share of total imports.

What are the leading importers of methyloxirane (propylene oxide) from Singapore?

In value terms, South Korea remains the key foreign market for propylene oxide exports from Singapore, comprising 45% of total exports. The second position in the ranking was occupied by China, with a 16% share of total exports. It was followed by Taiwan Chinese), with a 13% share.

What is the average export price for methyloxirane (propylene oxide) in Singapore?

The average propylene oxide export price stood at $1,127 per ton in 2021, picking up by 5.9% against the previous year.

What is the average import price for methyloxirane (propylene oxide) in Singapore?

In 2021, the average propylene oxide import price amounted to $1,282 per ton, declining by -14.7% against the previous year.

This report provides an in-depth analysis of the propylene oxide 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 20146375 - Methyloxirane (propylene oxide)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023