Singapore: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in Singapore

The Singaporean paraformaldehyde market reduced rapidly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a significant expansion. Paraformaldehyde consumption peaked at $X in 2021, and then declined notably in the following year.

Paraformaldehyde Exports

Exports from Singapore

In 2022, overseas shipments of paraformaldehyde increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, paraformaldehyde exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for paraformaldehyde exports from Singapore, accounting for a X% share of total exports. Moreover, paraformaldehyde exports to Indonesia exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for paraformaldehyde exports from Singapore, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average paraformaldehyde export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paraformaldehyde Imports

Imports into Singapore

Paraformaldehyde imports into Singapore reduced sharply to X tons in 2022, dropping by X% compared with 2021 figures. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, paraformaldehyde imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest paraformaldehyde supplier to Singapore, with a X% share of total imports. Moreover, paraformaldehyde imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of paraformaldehyde to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average paraformaldehyde import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and the United States ($X per ton), while the price for the Netherlands ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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