Singapore: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Singapore

The Singaporean organic surface active agent market declined notably to $X in 2021, shrinking by -24.6% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Organic surface active agent consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Organic Surface Active Agents in Singapore

In value terms, organic surface active agent production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Organic Surface Active Agents

Exports from Singapore

After five years of growth, shipments abroad of organic surface active agents decreased by -0.8% to X tons in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22%. The exports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, organic surface active agent exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for organic surface active agent exports from Singapore, with a 38% share of total exports. Moreover, organic surface active agent exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+15.8% per year) and Indonesia (+3.9% per year).

In value terms, China ($X) remains the key foreign market for organic surface active agents exports from Singapore, comprising 35% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total exports. It was followed by Indonesia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+11.8% per year) and Indonesia (+0.3% per year).

Export Prices by Country

In 2021, the average organic surface active agent export price amounted to $X per ton, jumping by 26% against the previous year. Overall, the export price, however, saw a mild decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and South Africa ($X per ton), while the average price for exports to Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Organic Surface Active Agents

Imports into Singapore

In 2021, after two years of decline, there was significant growth in overseas purchases of organic surface active agents, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, organic surface active agent imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X tons), the United States (X tons) and China (X tons) were the main suppliers of organic surface active agent imports to Singapore, together comprising 43% of total imports. These countries were followed by Thailand, Indonesia, Germany, Taiwan (Chinese), Belgium, Japan, India, Sweden, France and South Korea, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of organic surface active agents to Singapore, comprising 26% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and China (+6.3% per year).

Import Prices by Country

In 2021, the average organic surface active agent import price amounted to $X per ton, rising by 6.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform