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Singapore - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Singapore - 2022
Contents:
- Argon Price in Singapore (FOB) - 2022
- Argon Price in Singapore (CIF) - 2022
- Argon Exports in Singapore
- Argon Imports in Singapore
Argon Price in Singapore (FOB) - 2022
The average argon export price stood at $2.3 per cubic meter in September 2022, jumping by 29% against the previous month. In general, the export price posted a strong expansion. The pace of growth was the most pronounced in June 2022 when the average export price increased by 368% m-o-m. As a result, the export price reached the peak level of $3.3 per cubic meter. From July 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mauritius ($3.4 per cubic meter), while the average price for exports to Indonesia ($1.3 per cubic meter) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Price in Singapore (CIF) - 2022
The average argon import price stood at $769 per thousand cubic meters in September 2022, shrinking by -35% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 299% month-to-month. As a result, import price attained the peak level of $3.2 per cubic meter. From July 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1.5 per cubic meter), while the price for Thailand ($294 per thousand cubic meters) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Exports in Singapore
In 2022, the amount of argon exported from Singapore rose sharply to 16M cubic meters, surging by 15% against 2021. The total export volume increased at an average annual rate of +2.8% 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 2021 with an increase of 28%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, argon exports soared to $11M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Argon in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 4,230 | 3,435 | 4,573 | 5,083 | 6.3% |
Australia | 1,043 | 666 | 1,307 | 2,258 | 29.4% |
Thailand | 171 | 411 | 104 | 629 | 54.4% |
Mauritius | 78.3 | 131 | 147 | 365 | 67.0% |
Malaysia | 496 | 304 | 182 | 361 | -10.0% |
New Zealand | 213 | 150 | 334 | 343 | 17.2% |
Kenya | 83.2 | 47.2 | 306 | 340 | 59.9% |
Taiwan (Chinese) | 449 | 186 | 283 | 337 | -9.1% |
Brunei Darussalam | 171 | 166 | 52.4 | 238 | 11.7% |
Vietnam | 479 | 66.2 | 59.6 | 220 | -22.8% |
United Kingdom | 95.0 | 110 | 134 | 178 | 23.3% |
Others | 603 | 670 | 998 | 1,141 | 23.7% |
Total | 8,111 | 6,342 | 8,481 | 11,494 | 12.3% |
Top Export Markets for Argon from Singapore in 2022:
- Indonesia (6.4M cubic meters)
- Australia (3.7M cubic meters)
- Thailand (0.9M cubic meters)
- Mauritius (0.6M cubic meters)
- New Zealand (0.6M cubic meters)
- Malaysia (0.5M cubic meters)
- Taiwan (Chinese) (0.4M cubic meters)
- Kenya (0.4M cubic meters)
- United Kingdom (0.3M cubic meters)
- Vietnam (0.3M cubic meters)
- Brunei Darussalam (0.2M cubic meters)
Argon Imports in Singapore
Argon imports into Singapore skyrocketed to 12M cubic meters in 2022, jumping by 68% on the year before. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, argon imports skyrocketed to $11M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Argon in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 2.0 | 2.2 | 3.8 | 9.4 | 67.5% |
China | 0.3 | 0.1 | 0.5 | 0.5 | 18.6% |
Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
Austria | N/A | N/A | 0.1 | 0.2 | 100.0% |
Vietnam | N/A | N/A | 0.1 | 0.2 | 100.0% |
Others | 0.5 | 0.3 | 0.3 | 0.6 | 6.3% |
Total | 3.0 | 2.8 | 5.0 | 11.3 | 55.6% |
Top Suppliers of Argon to Singapore in 2022:
- Malaysia (9.4M cubic meters)
- China (0.8M cubic meters)
- Taiwan (Chinese) (0.4M cubic meters)
- Austria (0.2M cubic meters)
- Vietnam (0.2M cubic meters)
This report provides an in-depth analysis of the argon market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111120 - Argon
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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