Singapore: Market for Natural Calcium And Aluminium Phosphates 2022

Market Size for Natural Calcium And Aluminium Phosphates in Singapore

In 2021, the Singaporean market for natural calcium and aluminium phosphates increased by 292% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. Natural calcium and aluminium phosphates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Natural Calcium And Aluminium Phosphates

Exports from Singapore

In 2021, overseas shipments of natural calcium and aluminium phosphates were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2016 when exports increased by 11,463% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, natural calcium and aluminium phosphates exports soared to $X in 2021. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 7,025%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for natural calcium and aluminium phosphates exports from Singapore, with a 65% share of total exports. Moreover, natural calcium and aluminium phosphates exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +105.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+40.6% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for natural calcium and aluminium phosphates exports from Singapore, comprising 56% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports. It was followed by Malaysia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +76.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Malaysia (+64.7% per year).

Export Prices by Country

The average export price for natural calcium and aluminium phosphates stood at $X per ton in 2021, rising by 18% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural calcium and aluminium phosphates export price increased by +108.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Calcium And Aluminium Phosphates

Imports into Singapore

For the third year in a row, Singapore recorded growth in overseas purchases of natural calcium and aluminium phosphates, which increased by 184% to X tons in 2021. In general, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 501% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, natural calcium and aluminium phosphates imports surged to $X in 2021. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of natural calcium and aluminium phosphates to Singapore, accounting for a 74% share of total imports. Moreover, natural calcium and aluminium phosphates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Sri Lanka (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +64.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.7% per year) and Sri Lanka (-13.9% per year).

In value terms, China ($X) constituted the largest supplier of natural calcium and aluminium phosphates to Singapore, comprising 95% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.7% share of total imports. It was followed by Taiwan (Chinese), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.3% per year) and Taiwan (Chinese) (+54.2% per year).

Import Prices by Country

In 2021, the average import price for natural calcium and aluminium phosphates amounted to $X per ton, with an increase of 107% against the previous year. In general, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Sri Lanka ($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 (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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