Singapore: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Singapore

The Singaporean barium or aluminium sulphates market surged to $X in 2022, picking up by 16% 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). Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Singapore

Barium or aluminium sulphates exports from Singapore surged to X tons in 2022, picking up by 36% against the previous year's figure. Over the period under review, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2016 when exports increased by 153% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for barium or aluminium sulphates exports from Singapore, with a 60% share of total exports. Moreover, barium or aluminium sulphates exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Myanmar (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-14.5% per year) and Myanmar (-16.4% per year).

In value terms, the largest markets for barium or aluminium sulphates exported from Singapore were Indonesia ($X), Malaysia ($X) and Myanmar ($X), together accounting for 94% of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of -4.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, picking up by 5.9% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, 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 Myanmar ($X per ton), while the average price for exports to China ($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 Myanmar (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Singapore

In 2022, imports of sulphates of barium or aluminium into Singapore expanded notably to X tons, growing by 13% on 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.2% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 46%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports soared to $X in 2022. Over the period under review, imports, however, saw a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of barium or aluminium sulphates imports to Singapore, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +47.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest barium or aluminium sulphates suppliers to Singapore were Indonesia ($X), Malaysia ($X) and China ($X), together accounting for 88% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +43.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, picking up by 5.1% against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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