Report Update Nov 1, 2024

Singapore - P-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: P-Xylene Market 2024

P-Xylene Market Size in Singapore

The Singaporean p-xylene market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a slight slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

P-Xylene Production in Singapore

In value terms, p-xylene production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2017 with an increase of 31%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

P-Xylene Exports

Exports from Singapore

In 2021, overseas shipments of p-xylene increased by 17% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, p-xylene exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of p-xylene exports from Singapore, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +38.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for p-xylene exported from Singapore were China ($X), Indonesia ($X) and Taiwan (Chinese) ($X), with a combined 93% share of total exports.

Taiwan (Chinese), with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average p-xylene export price stood at $X per ton in 2021, jumping by 45% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Thailand ($X per ton) and Indonesia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($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 Taiwan (Chinese) (-4.8%), while the prices for the other major destinations experienced a decline.

P-Xylene Imports

Imports into Singapore

In 2021, the amount of p-xylene imported into Singapore soared to X tons, jumping by 84% compared with the previous year. Over the period under review, imports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 1,923%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, p-xylene imports reduced remarkably to $X in 2021. In general, imports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 913%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main p-xylene supplier to Singapore, accounting for a 97% share of total imports. Moreover, p-xylene imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -32.1%.

In value terms, the United States ($X) constituted the largest supplier of p-xylene to Singapore, comprising 85% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -46.7%.

Import Prices by Country

In 2021, the average p-xylene import price amounted to $X per ton, waning by -56.6% against the previous year. In general, the import price showed a precipitous setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 121%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for p-xylene in the world?

The countries with the highest volumes of in 2021 were China, South Korea and the United States, together comprising 40% of global consumption.

What are the largest producers of p-xylene in the world?

South Korea remains the largest p-xylene producing country worldwide, accounting for 21% of total volume. Moreover, p-xylene production in South Korea exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was occupied by the United States, with an 8.5% share.

What are the leading suppliers of p-xylene to Singapore?

In value terms, the United States constituted the largest supplier of p-xylene to Singapore, comprising 75% of total imports. The second position in the ranking was occupied by Germany, with a 25% share of total imports.

What are the leading importers of p-xylene from Singapore?

In value terms, China, Indonesia and India were the largest markets for p-xylene exported from Singapore worldwide, with a combined 94% share of total exports. These countries were followed by Taiwan Chinese), which accounted for a further 5.5%.

What is the average export price for p-xylene in Singapore?

In 2021, the average p-xylene export price amounted to $749 per ton, rising by 32% against the previous year.

What is the average import price for p-xylene in Singapore?

The average p-xylene import price stood at $1,158 per ton in 2021, picking up by 2.8% against the previous year.

This report provides an in-depth analysis of the p-xylene 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 20141245 - p-Xylene

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