Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore - 2023
Contents:
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (CIF) - 2022
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (FOB) - 2022
- Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore
- Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (CIF) - 2022
The average import price for colouring matter; pigments and preparations based on chromium compoundses stood at $7,005 per ton in 2022, surging by 51% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for colouring matter; pigments and preparations based on chromium compoundses increased by +95.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($29,503 per ton), while the price for Malaysia ($3,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (FOB) - 2022
The average export price for colouring matter; pigments and preparations based on chromium compoundses stood at $9,433 per ton in 2022, surging by 4.5% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by 96% against the previous year. As a result, the export price attained the peak level of $12,574 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($42,623 per ton), while the average price for exports to South Korea ($5,655 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 Sri Lanka (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore
For the third year in a row, Singapore recorded decline in overseas purchases of colouring matter; pigments and preparations based on chromium compoundses, which decreased by -48.8% to 106 tons in 2022. Overall, imports faced a dramatic downturn. The smallest decline of -31.2% was in 2020.
In value terms, imports of colouring matter; pigments and preparations based on chromium compoundses reduced markedly to $741K in 2022. In general, imports saw a sharp downturn. The smallest decline of -16.2% was in 2021.
| Import of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 447 | 259 | 307 | 303 | -12.2% |
| Canada | 171 | 255 | 222 | 113 | -12.9% |
| Germany | 633 | 108 | 68.8 | 63.7 | -53.5% |
| United States | 38.7 | 3.7 | 16.3 | 56.2 | 13.2% |
| Malaysia | 390 | 237 | 84.3 | 55.5 | -47.8% |
| Japan | 106 | 30.8 | 22.9 | 54.4 | -19.9% |
| China | 90.6 | 12.8 | 99.9 | 34.0 | -27.9% |
| Philippines | 18.9 | 9.0 | 3.2 | 10.1 | -18.9% |
| South Korea | 215 | 127 | 125 | 0.5 | -86.8% |
| Others | 37.6 | 98.4 | 6.1 | 50.6 | 10.4% |
| Total | 2,147 | 1,140 | 956 | 741 | -29.9% |
Top Suppliers of Colouring Matter; Pigments and Preparations Based On Chromium Compounds to Singapore in 2022:
- India (55.6 tons)
- Canada (16.1 tons)
- Malaysia (15.6 tons)
- Germany (5.7 tons)
- Philippines (2.7 tons)
- Japan (2.0 tons)
- United States (1.9 tons)
- China (1.6 tons)
- South Korea (0.1 tons)
Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore
In 2022, the amount of colouring matter; pigments and preparations based on chromium compoundses exported from Singapore shrank rapidly to 54 tons, dropping by -57.1% on the previous year. Overall, exports showed a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 19%.
In value terms, exports of colouring matter; pigments and preparations based on chromium compoundses dropped sharply to $511K in 2022. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 17%.
| Export of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 761 | 786 | 824 | 337 | -23.8% |
| Myanmar | 913 | 66.4 | 56.7 | 68.8 | -57.8% |
| Vietnam | 22.2 | 18.7 | 56.4 | 36.6 | 18.1% |
| Brunei Darussalam | 12.1 | 16.4 | 18.2 | 17.6 | 13.3% |
| South Korea | 1.1 | N/A | 75.6 | 2.5 | 31.5% |
| Indonesia | 389 | 43.4 | 42.8 | 0.1 | -93.6% |
| Others | 166 | 45.5 | 66.8 | 48.9 | -33.5% |
| Total | 2,264 | 977 | 1,141 | 511 | -39.1% |
Top Export Markets for Colouring Matter; Pigments and Preparations Based On Chromium Compounds from Singapore in 2022:
- Malaysia (34.8 tons)
- Myanmar (10.0 tons)
- Vietnam (6.0 tons)
- Brunei Darussalam (1.4 tons)
- South Korea (0.4 tons)
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