Singapore: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Singapore

After three years of decline, the Singaporean saturated acyclic hydrocarbons market increased by 86% to $X in 2022. Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Saturated Acyclic Hydrocarbons Production in Singapore

In value terms, saturated acyclic hydrocarbons production declined markedly to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 1,399% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Saturated Acyclic Hydrocarbons Exports

Exports from Singapore

Saturated acyclic hydrocarbons exports from Singapore soared to X tons in 2022, with an increase of 45% against 2021 figures. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 266%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports surged to $X in 2022. In general, exports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2016 with an increase of 121% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for saturated acyclic hydrocarbons exports from Singapore, accounting for a 73% share of total exports. Moreover, saturated acyclic hydrocarbons exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-17.5% per year) and Japan (-18.8% per year).

In value terms, India ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Singapore, comprising 72% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Malaysia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-14.4% per year) and Malaysia (-27.3% per year).

Export Prices by Country

In 2022, the average saturated acyclic hydrocarbons export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Japan ($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 (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Singapore

In 2022, imports of saturated acyclic hydrocarbons into Singapore soared to X tons, picking up by 77% against the previous year. Over the period under review, imports, however, recorded a pronounced shrinkage. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brunei Darussalam (X tons), China (X tons) and the United States (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Singapore, together comprising 74% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brunei Darussalam (with a CAGR of +569.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest saturated acyclic hydrocarbons suppliers to Singapore, together accounting for 73% of total imports. Brunei Darussalam, South Korea, Belgium, Thailand and Malaysia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Brunei Darussalam, with a CAGR of +175.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average saturated acyclic hydrocarbons import price amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+36.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :