Singapore: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Singapore

In 2021, the Singaporean peroxides of sodium market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption showed a mild expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Peroxides Of Sodium Production in Singapore

In value terms, peroxides of sodium production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports from Singapore

Peroxides of sodium exports from Singapore skyrocketed to X tons in 2021, growing by 23% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 438% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, peroxides of sodium exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a slight reduction. The growth pace was the most rapid in 2020 with an increase of 324% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) were the main destinations of peroxides of sodium exports from Singapore, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +26.9%), while the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for peroxides of sodium or potassium exports from Singapore, comprising 60% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 25% share of total exports. It was followed by Indonesia, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+8.5% per year) and Indonesia (-22.7% per year).

Export Prices by Country

In 2021, the average peroxides of sodium export price amounted to $X per ton, shrinking by -10.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Australia (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Peroxides Of Sodium Imports

Imports into Singapore

After three years of decline, purchases abroad of peroxides of sodium or potassium increased by 186% to X tons in 2021. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 1,438%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, peroxides of sodium imports soared to $X in 2021. Over the period under review, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by 444% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) were the main suppliers of peroxides of sodium imports to Singapore, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +162.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peroxides of sodium suppliers to Singapore were Malaysia ($X), the United States ($X) and China ($X), together accounting for 58% of total imports.

Malaysia, with a CAGR of +133.7%, recorded 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

The average peroxides of sodium import price stood at $X per ton in 2021, falling by -30.1% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 252%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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