Singapore: Market for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine 2024

Market Size for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine in Singapore

In 2022, the Singaporean market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed a remarkable increase. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Exports from Singapore

In 2022, shipments abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine surged to $X in 2022. In general, exports, however, showed a sharp contraction. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine from Singapore, with a X% share of total exports. Moreover, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, the largest markets for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine exported from Singapore were Brazil ($X), India ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Imports into Singapore

In 2022, overseas purchases of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine skyrocketed to $X in 2022. Overall, imports, however, showed a slight reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine to Singapore, accounting for a X% share of total imports. Moreover, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

In value terms, Malaysia ($X), China ($X) and Japan ($X) appeared to be the largest organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine suppliers to Singapore, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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