Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (FOB) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (CIF) - 2022
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $16,663 per ton, waning by -2.4% against the previous year. Over the period under review, the export price, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2020 an increase of 39%. Over the period under review, the average export prices hit record highs at $17,068 per ton in 2021, and then fell slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($43,747 per ton), while the average price for exports to Vietnam ($6,677 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 Taiwan (Chinese) (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $8,378 per ton, surging by 5% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -6.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. The import price peaked at $8,950 per ton in 2018; however, from 2019 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 the United States ($24,824 per ton), while the price for Malaysia ($2,656 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins), which decreased by -33.8% to 7.3K tons in 2022. In general, exports saw a abrupt decline. The smallest decline of -0.3% was in 2020.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank rapidly to $121M in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 30.3 | 58.0 | 50.0 | 65.7% |
| Taiwan (Chinese) | 45.5 | 65.5 | 51.9 | 21.2 | -22.5% |
| Vietnam | 14.7 | 27.2 | 27.7 | 16.4 | 3.7% |
| Malaysia | 6.3 | 4.4 | 12.5 | 12.5 | 25.7% |
| Hong Kong SAR | 21.8 | 21.4 | 27.1 | 9.6 | -23.9% |
| Indonesia | 5.7 | 3.8 | 3.7 | 4.2 | -9.7% |
| Others | 12.1 | 9.3 | 6.7 | 7.3 | -15.5% |
| Total | 117 | 162 | 188 | 121 | 1.1% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Singapore in 2022:
- Vietnam (2.5K tons)
- China (2.4K tons)
- Taiwan (Chinese) (0.9K tons)
- Indonesia (0.5K tons)
- Hong Kong SAR (0.5K tons)
- Malaysia (0.3K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into Singapore declined slightly to 7.4K tons, with a decrease of -1.5% compared with 2021 figures. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) reached $62M in 2022. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 4.6% against the previous year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.9 | 13.9 | 15.5 | 18.2 | -13.3% |
| China | 26.7 | 26.4 | 19.4 | 15.8 | -16.0% |
| Malaysia | 5.2 | 3.7 | 5.6 | 6.4 | 7.2% |
| Belgium | 3.9 | 3.0 | 4.9 | 3.0 | -8.4% |
| Germany | 1.8 | 1.7 | 1.8 | 2.2 | 6.9% |
| Italy | 0.5 | 0.4 | 0.6 | 0.9 | 21.6% |
| United Kingdom | 1.6 | 0.7 | 1.0 | 0.7 | -24.1% |
| Others | 8.7 | 7.4 | 11.1 | 14.8 | 19.4% |
| Total | 76.2 | 57.3 | 59.9 | 61.9 | -6.7% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Singapore in 2022:
- China (2825.7 tons)
- Malaysia (2428.4 tons)
- United States (731.8 tons)
- Belgium (419.2 tons)
- Italy (339.4 tons)
- Germany (193.2 tons)
- United Kingdom (74.8 tons)
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