Price for Inorganic Acids; Other than Hydrogen Fluoride in Singapore - 2022
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Singapore (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Singapore (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Singapore
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Singapore
Price for Inorganic Acids; Other than Hydrogen Fluoride in Singapore (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $2,296 per ton, with an increase of 7.1% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The pace of growth was the most pronounced in 2018 an increase of 8.4% against the previous year. The import price peaked at $2,785 per ton in 2013; however, from 2014 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 ($13,377 per ton), while the price for Indonesia ($1,063 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Singapore (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $2,741 per ton in 2022, growing by 30% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. Over the period under review, the average export prices attained the maximum at $8,605 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($8,201 per ton), while the average price for exports to China ($2,470 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 India (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Singapore
In 2022, the amount of inorganic acids; other than hydrogen fluorides imported into Singapore amounted to 2.5K tons, surging by 8.6% compared with the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of 3.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of inorganic acids; other than hydrogen fluorides surged to $5.7M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports reached the peak of $6.8M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 2,116 | 5,747 | 3,064 | 3,730 | 20.8% |
| China | 74.5 | 211 | 457 | 369 | 70.5% |
| Israel | 693 | 244 | 196 | 280 | -26.1% |
| Indonesia | 113 | 82.1 | 97.0 | 193 | 19.5% |
| Taiwan (Chinese) | 68.9 | 104 | 72.3 | 121 | 20.6% |
| Others | 1,373 | 380 | 1,056 | 1,057 | -8.3% |
| Total | 4,439 | 6,769 | 4,942 | 5,749 | 9.0% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Singapore in 2022:
- Jordan (1944.8 tons)
- Indonesia (181.2 tons)
- China (121.2 tons)
- Taiwan (Chinese) (109.5 tons)
- Israel (78.4 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Singapore
In 2022, shipments abroad of inorganic acids; other than hydrogen fluorides decreased by -31.5% to 1.9K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of 3.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of inorganic acids; other than hydrogen fluorides reduced to $5.2M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 39%. As a result, the exports reached the peak of $6.8M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.6 | 2.9 | 2.8 | 2.8 | 67.1% |
| China | 1.7 | 1.9 | 1.2 | 1.3 | -8.6% |
| India | 1.8 | 1.6 | 1.3 | 0.6 | -30.7% |
| South Korea | 0.6 | N/A | 0.1 | N/A | -59.2% |
| Others | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Total | 4.9 | 6.8 | 5.8 | 5.2 | 2.0% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Singapore in 2022:
- Malaysia (1084.4 tons)
- China (528.0 tons)
- India (230.4 tons)
- South Korea (7.6 tons)
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