Singapore: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Singapore

The Singaporean sulphides, dithionites and sulphoxylates market soared to $X in 2022, picking up by 122% against the previous year. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Singapore

In value terms, sulphides, dithionites and sulphoxylates production totaled $X in 2022 estimated in export price. Overall, production posted a strong expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 195%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Singapore

Sulphides, dithionites and sulphoxylates exports from Singapore reduced dramatically to X tons in 2022, waning by -83.7% against the year before. Over the period under review, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 346%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, sulphides, dithionites and sulphoxylates exports dropped rapidly to $X in 2022. In general, exports showed a mild descent. The pace of growth was the most pronounced in 2018 with an increase of 352%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of sulphides, dithionites and sulphoxylates exports from Singapore, together comprising 83% of total exports. China, India, Brunei Darussalam and the United Arab Emirates lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sulphides, dithionites and sulphoxylates exported from Singapore were Malaysia ($X), China ($X) and Thailand ($X), with a combined 90% share of total exports. India, the United States, the United Arab Emirates and Brunei Darussalam lagged somewhat behind, together comprising a further 8.1%.

Brunei Darussalam, with a CAGR of +30.0%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, rising by 310% against the previous year. Over the period under review, the export price recorded a notable increase. The export price peaked at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the average price for exports to the United States ($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 China (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Singapore

In 2022, approx. X tons of sulphides, polysulphides, dithionites and sulphoxylates were imported into Singapore; picking up by 11% compared with 2021 figures. In general, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 93% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports reached $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 145% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of sulphides, dithionites and sulphoxylates imports to Singapore, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to Singapore, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by India, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and India (+39.6% per year).

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 89%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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