Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore - 2022

Contents:

1. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore (CIF) - 2022
2. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore (FOB) - 2022
3. Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore
4. Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore (CIF) - 2022

The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $5,169 per ton in September 2022, dropping by -2.5% against the previous month. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in October 2021 an increase of 53% against the previous month. Over the period under review, average import prices attained the peak figure at $5,466 per ton in May 2022; however, from June 2022 to September 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,775 per ton), while the price for Malaysia ($2,097 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore (FOB) - 2022

The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $4,187 per ton in September 2022, which is down by -4.2% against the previous month. Overall, export price indicated moderate growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s increased by +7.9% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices attained the peak figure at $4,753 per ton in April 2022; however, from May 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was China ($4,450 per ton), while the average price for exports to Malaysia ($2,936 per ton) 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 China (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore

In 2022, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s into Singapore rose rapidly to 1.8K tons, surging by 5.9% against the year before. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s skyrocketed to $6.6M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to Singapore in 2022:

1. United States (1059.2 tons)
2. China (256.4 tons)
3. France (245.3 tons)
4. Thailand (103.3 tons)
5. Malaysia (90.1 tons)
6. Germany (71.1 tons)

Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Singapore

In 2022, shipments abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s decreased by -15.6% to 834 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 988 tons, and then dropped markedly in the following year.

In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s fell notably to $2.4M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, the exports reached the peak of $3M, and then contracted markedly in the following year.

Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from Singapore in 2022:

1. Vietnam (264.7 tons)
2. China (166.7 tons)
3. Cambodia (117.3 tons)
4. Philippines (86.8 tons)
5. India (71.5 tons)
6. Brunei Darussalam (52.5 tons)
7. Malaysia (22.1 tons)

Source: IndexBox Market Intelligence Platform