Singapore: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Singapore

In 2022, the Singaporean polyphenols and phenol-alcohols market decreased by -12.6% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt shrinkage. Polyphenols and phenol-alcohols consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Singapore

In 2022, shipments abroad of polyphenols and phenol-alcohols increased by 52% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 90%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols exports surged to $X in 2022. In general, exports posted moderate growth. The pace of growth was the most pronounced in 2013 with an increase of 74% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), South Korea (X tons) and Malaysia (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Singapore, together accounting for 66% of total exports. Thailand, China, the Philippines, Australia and Vietnam lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +58.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyphenols and phenol-alcohols exported from Singapore were Thailand ($X), China ($X) and Indonesia ($X), with a combined 58% share of total exports.

China, with a CAGR of +64.3%, recorded the highest rates of growth with regard to the value of exports, among 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 polyphenols and phenol-alcohols export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 57%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($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 Thailand (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Singapore

In 2022, overseas purchases of polyphenols and phenol-alcohols decreased by -12.5% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2022. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 54% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Singapore, with a combined 89% share of total imports. Germany, France and Spain lagged somewhat behind, together accounting for a further 7.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +51.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Singapore, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by the United States, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.6% per year) and the United States (-23.5% per year).

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, jumping by 37% against the previous year. In general, the import price continues to indicate a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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