Singapore: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Singapore

The Singaporean aromatic hydrocarbon mixtures market surged to $X in 2022, jumping by 14,518% against the previous year. Overall, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Production in Singapore

In value terms, aromatic hydrocarbon mixtures production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 302%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in overseas shipments of naphthalene and other aromatic hydrocarbon mixtures, when their volume decreased by -95.4% to X tons. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 302% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, aromatic hydrocarbon mixtures exports shrank dramatically to $X in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 173%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Singapore, together accounting for 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +40.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aromatic hydrocarbon mixtures exported from Singapore were Malaysia ($X), Indonesia ($X) and Vietnam ($X), together comprising 66% of total exports.

Vietnam, with a CAGR of +35.0%, 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 mixed trend patterns.

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, surging by 46% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 India ($X per ton), while the average price for exports to Malaysia ($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 India (-0.2%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Singapore

Aromatic hydrocarbon mixtures imports into Singapore stood at X tons in 2022, increasing by 11% compared with the previous year's figure. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 450%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, aromatic hydrocarbon mixtures imports soared to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 276%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Singapore, together comprising 53% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +100.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest aromatic hydrocarbon mixtures suppliers to Singapore, with a combined 53% share of total imports.

Indonesia, with a CAGR of +103.2%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, picking up by 43% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+98.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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