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Singapore - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Singapore - 2022
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Singapore (FOB) - 2022
- Price for Synthetic Rubber (Excluding Latex) in Singapore (CIF) - 2022
- Exports of Synthetic Rubber (Excluding Latex) in Singapore
- Imports of Synthetic Rubber (Excluding Latex) in Singapore
Price for Synthetic Rubber (Excluding Latex) in Singapore (FOB) - 2022
The average synthetic rubber (excluding latex) export price stood at $4,111 per ton in September 2022, approximately equating the previous month. In general, export price indicated perceptible growth from September 2021 to September 2022: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, synthetic rubber (excluding latex) export price decreased by -1.1% against July 2022 indices. The growth pace was the most rapid in April 2022 when the average export price increased by 73% against the previous month. The export price peaked at $4,156 per ton in July 2022; however, from August 2022 to September 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In September 2022, the highest price was recorded for prices to Malaysia ($4,541 per ton) and the United States ($4,502 per ton), while the average price for exports to Vietnam ($3,256 per ton) and China ($3,862 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 Indonesia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Synthetic Rubber (Excluding Latex) in Singapore (CIF) - 2022
In September 2022, the average synthetic rubber (excluding latex) import price amounted to $4,167 per ton, increasing by 3.9% against the previous month. Overall, import price indicated resilient growth from September 2021 to September 2022: its price increased at an average monthly rate of +5.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, synthetic rubber (excluding latex) import price increased by +80.7% against September 2021 indices. The most prominent rate of growth was recorded in January 2022 an increase of 28% m-o-m. The import price peaked in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($6,378 per ton), while the price for Malaysia ($1,634 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 Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Rubber (Excluding Latex) in Singapore
In 2022, exports of synthetic rubber (excluding latex) from Singapore fell sharply to 198K tons, waning by -44% against 2021. Over the period under review, exports saw a precipitous decrease. The smallest decline of -8.5% was in 2021.
In value terms, synthetic rubber (excluding latex) exports reduced sharply to $531M in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 13%.
Export of Synthetic Rubber (Excluding Latex) in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 317 | 237 | 219 | -16.9% | |
Thailand | 150 | 108 | 135 | -5.1% | |
India | 121 | 77.8 | 83.4 | -17.0% | |
South Korea | 102 | 53.5 | 65.4 | -19.9% | |
Japan | 46.5 | 43.7 | 63.4 | 16.8% | |
Indonesia | 61.8 | 46.9 | 59.5 | -1.9% | |
Vietnam | 43.6 | 29.1 | 32.9 | -13.1% | |
Germany | 13.2 | 16.9 | 21.4 | 27.3% | |
Taiwan (Chinese) | 39.3 | 25.9 | 20.0 | -28.7% | |
Malaysia | 19.0 | 12.6 | 18.2 | -2.1% | |
Brazil | 9.0 | 7.7 | 16.7 | 36.2% | |
United States | 10.3 | 8.0 | 16.5 | 26.6% | |
Others | 66.4 | 54.0 | 61.1 | -4.1% | |
Total | 1,000 | 722 | 813 | -9.8% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Singapore in 2022:
- China (100.8K tons)
- Thailand (58.4K tons)
- India (36.1K tons)
- Japan (28.0K tons)
- Indonesia (25.7K tons)
- South Korea (25.5K tons)
- Vietnam (15.3K tons)
- Taiwan (Chinese) (10.3K tons)
- Germany (8.7K tons)
- Brazil (7.2K tons)
- Malaysia (7.2K tons)
- United States (6.7K tons)
Imports of Synthetic Rubber (Excluding Latex) in Singapore
In 2022, imports of synthetic rubber (excluding latex) into Singapore shrank remarkably to 56K tons, falling by -46.1% against the year before. Over the period under review, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 19%.
In value terms, synthetic rubber (excluding latex) imports fell dramatically to $159M in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year.
Import of Synthetic Rubber (Excluding Latex) in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 140 | 94.4 | 121 | -7.0% | |
Saudi Arabia | 54.8 | 43.6 | 42.6 | -11.8% | |
China | 3.9 | 5.9 | 12.8 | 81.2% | |
Japan | 5.5 | 6.9 | 12.8 | 52.6% | |
United Kingdom | 11.7 | 8.9 | 11.7 | 0.0% | |
South Korea | 1.9 | 3.5 | 5.9 | 76.2% | |
Taiwan (Chinese) | 10.9 | 6.6 | 4.1 | -38.7% | |
Malaysia | 2.7 | 2.3 | 2.5 | -3.8% | |
Belgium | 6.7 | 3.2 | 2.3 | -41.4% | |
Others | 23.8 | 2.7 | 8.1 | -41.7% | |
Total | 262 | 178 | 223 | -7.7% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Singapore in 2022:
- United States (59.6K tons)
- Saudi Arabia (22.1K tons)
- China (5.2K tons)
- United Kingdom (3.3K tons)
- Japan (3.0K tons)
- South Korea (2.6K tons)
- Taiwan (Chinese) (2.0K tons)
- Malaysia (2.0K tons)
- Belgium (1.0K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) 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 20171090 - Synthetic rubber (excluding latex)
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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Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.