Singapore - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in Singapore - 2022
Contents:
- Petroleum Bitumen Price in Singapore (FOB) - 2022
- Petroleum Bitumen Price in Singapore (CIF) - 2022
- Petroleum Bitumen Exports in Singapore
- Petroleum Bitumen Imports in Singapore
Petroleum Bitumen Price in Singapore (FOB) - 2022
In September 2022, the average petroleum bitumen export price amounted to $788 per ton, with an increase of 1.8% against the previous month. Overall, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 35% m-o-m. The export price peaked in September 2022.
Average prices varied noticeably for the major foreign markets. In September 2022, the highest price was recorded for prices to Vietnam ($861 per ton) and Australia ($810 per ton), while the average price for exports to Malaysia ($726 per ton) and China ($795 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Bitumen Price in Singapore (CIF) - 2022
In September 2022, the average petroleum bitumen import price amounted to $845 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 90% month-to-month. The import price peaked at $1,093 per ton in June 2022; however, from July 2022 to September 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($824 per ton), while the price for Indonesia stood at $579 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Bitumen Exports in Singapore
Petroleum bitumen exports from Singapore amounted to 3M tons in 2022, picking up by 6.8% against the year before. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, petroleum bitumen exports soared to $2.2B in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Petroleum Bitumen in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 438 | 397 | 381 | 793 | 21.9% |
Indonesia | 233 | 138 | 217 | 431 | 22.8% |
Malaysia | 107 | 94.4 | 187 | 372 | 51.5% |
Vietnam | 94.4 | 79.7 | 116 | 230 | 34.6% |
Thailand | 29.3 | 48.2 | 77.3 | 154 | 73.9% |
Australia | 64.0 | 43.5 | 59.3 | 118 | 22.6% |
Philippines | 17.8 | 1.2 | 20.9 | 41.5 | 32.6% |
Others | 20.8 | 10.6 | 19.4 | 16.7 | -7.1% |
Total | 1,004 | 812 | 1,078 | 2,156 | 29.0% |
Top Export Markets for Petroleum Bitumen from Singapore in 2022:
- China (1191.4K tons)
- Indonesia (563.6K tons)
- Malaysia (476.6K tons)
- Vietnam (301.3K tons)
- Thailand (210.8K tons)
- Australia (153.9K tons)
- Philippines (56.1K tons)
Petroleum Bitumen Imports in Singapore
In 2022, purchases abroad of petroleum bitumen decreased by -8.4% to 2.3K tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 833% against the previous year. As a result, imports reached the peak of 7.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, petroleum bitumen imports expanded rapidly to $1M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 882%. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Petroleum Bitumen in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 267 | 2,737 | 73.2 | 664 | 35.5% |
South Korea | 28.1 | 1,406 | 67.9 | 324 | 125.9% |
Thailand | 118 | 66.7 | 54.3 | 51.5 | -24.1% |
Indonesia | N/A | 79.0 | 747 | N/A | 845.6% |
Others | 23.7 | N/A | 18.7 | N/A | -11.2% |
Total | 436 | 4,288 | 961 | 1,039 | 33.6% |
Top Suppliers of Petroleum Bitumen to Singapore in 2022:
- Malaysia (1755.8 tons)
- South Korea (478.7 tons)
- Thailand (56.9 tons)
This report provides an in-depth analysis of the petroleum bitumen 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:
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
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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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Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.
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Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.