Singapore: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Singapore

After five years of growth, the Singaporean phosphorus, arsenic and selenium market decreased by -86.6% to $X in 2021. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2020, and then declined markedly in the following year.

Production of Phosphorus, Arsenic And Selenium in Singapore

In value terms, phosphorus, arsenic and selenium production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by 1,211% against the previous year. Phosphorus, arsenic and selenium production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Phosphorus, Arsenic And Selenium

Exports from Singapore

In 2021, after three years of decline, there was significant growth in shipments abroad of phosphorus, arsenic and selenium, when their volume increased by 171% to X tons. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 395% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports soared to $X in 2021. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 103% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for phosphorus, arsenic and selenium exports from Singapore, with a 79% share of total exports. Moreover, phosphorus, arsenic and selenium exports to Malaysia exceeded the volume sent to the second major destination, the Philippines (X tons), fivefold. Sri Lanka (X kg) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+11.1% per year) and Sri Lanka (-3.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for phosphorus, arsenic and selenium exports from Singapore, comprising 65% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 6.2% share of total exports. It was followed by the Philippines, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-11.1% per year) and the Philippines (-14.6% per year).

Export Prices by Country

The average phosphorus, arsenic and selenium export price stood at $X per ton in 2021, falling by -25.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 571%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Philippines ($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 (-6.4%), while the prices for the other major destinations experienced a decline.

Imports of Phosphorus, Arsenic And Selenium

Imports into Singapore

In 2021, approx. X tons of phosphorus, arsenic and selenium were imported into Singapore; declining by -64.1% compared with the year before. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 311% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, phosphorus, arsenic and selenium imports fell significantly to $X in 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 79% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and Malaysia (X kg) were the main suppliers of phosphorus, arsenic and selenium imports to Singapore, with a combined 95% share of total imports. The Netherlands, India and the United States lagged somewhat behind, together comprising a further 3%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.5%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of phosphorus, arsenic and selenium to Singapore, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports. It was followed by Malaysia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.4% per year) and Malaysia (-12.3% per year).

Import Prices by Country

In 2021, the average phosphorus, arsenic and selenium import price amounted to $X per ton, growing by 128% against the previous year. Over the period under review, the import price, however, saw a deep slump. The growth pace was the most rapid in 2019 when the average import price increased by 335% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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