Singapore: Market for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) 2024

Market Size for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in Singapore

In 2022, the Singaporean market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in Singapore

In value terms, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) fell to $X in 2022 estimated in export price. In general, production showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Exports from Singapore

In 2022, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) from Singapore dropped to X tons, waning by X% against 2021 figures. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) expanded slightly to $X in 2022. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) from Singapore, accounting for a X% share of total exports. Moreover, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) to Malaysia exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and China (X% per year).

In value terms, the largest markets for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) exported from Singapore were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total exports. China, Cambodia, the Philippines and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Imports into Singapore

For the third year in a row, Singapore recorded growth in supplies from abroad of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), which increased by X% to X tons in 2022. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) surged to $X in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) suppliers to Singapore were the United States ($X), Japan ($X) and China ($X), together comprising X% of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded 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

The average import price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) stood at $X per ton in 2022, waning by X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank significantly in the following year.

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 ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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