Singapore - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHerbicide Price in Singapore - 2022
Contents:
- Herbicide Price in Singapore (FOB) - 2022
- Herbicide Price in Singapore (CIF) - 2022
- Herbicide Exports in Singapore
- Herbicide Imports in Singapore
Herbicide Price in Singapore (FOB) - 2022
The average herbicide export price stood at $13,445 per ton in September 2022, increasing by 19% against the previous month. Over the period under review, export price indicated a perceptible increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, herbicide export price increased by +15.1% against June 2022 indices. The growth pace was the most rapid in January 2022 an increase of 66% m-o-m. The export price peaked in September 2022.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Indonesia ($19,852 per ton), while the average price for exports to Bangladesh ($7,262 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 Sri Lanka (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Herbicide Price in Singapore (CIF) - 2022
The average herbicide import price stood at $5,264 per ton in 2022, picking up by 9.5% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, herbicide import price increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 59% against the previous year. The import price peaked at $5,288 per ton in 2015; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($9,256 per ton), while the price for India ($3,799 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Herbicide Exports in Singapore
In 2022, overseas shipments of herbicides decreased by -41.1% to 4.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 1.6% against the previous year. As a result, the exports attained the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, herbicide exports dropped significantly to $31M in 2022. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 9.2% against the previous year. As a result, the exports reached the peak of $71M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Herbicide in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 5.0 | 8.1 | 6.0 | 8.3 | 18.4% |
Vietnam | 6.8 | 8.7 | 4.2 | 5.7 | -5.7% |
Sri Lanka | 0.8 | 3.5 | 1.2 | 3.1 | 57.1% |
Ethiopia | 4.3 | 1.8 | 1.9 | 2.0 | -22.5% |
Bangladesh | 1.1 | 1.9 | 1.3 | 1.7 | 15.6% |
Thailand | 5.8 | 1.3 | 2.6 | 1.5 | -36.3% |
Malaysia | 0.3 | 0.8 | 0.5 | 1.0 | 49.4% |
Taiwan (Chinese) | 0.9 | 0.6 | 0.4 | 0.8 | -3.9% |
Mexico | 0.6 | 0.3 | N/A | N/A | -50.0% |
Others | 39.2 | 43.7 | 28.0 | 7.1 | -43.4% |
Total | 64.7 | 70.7 | 46.1 | 31.1 | -21.7% |
Top Export Markets for Herbicide from Singapore in 2022:
- Vietnam (1002.8 tons)
- Indonesia (915.0 tons)
- Sri Lanka (511.2 tons)
- Ethiopia (423.8 tons)
- Bangladesh (307.1 tons)
- Malaysia (228.0 tons)
- Thailand (183.7 tons)
- Taiwan (Chinese) (128.4 tons)
Herbicide Imports in Singapore
For the third year in a row, Singapore recorded decline in supplies from abroad of herbicides, which decreased by -44.6% to 2.5K tons in 2022. Overall, imports recorded a dramatic decline. The smallest decline of -8.3% was in 2020.
In value terms, herbicide imports dropped notably to $13M in 2022. In general, imports recorded a sharp decline. The smallest decline of -9.6% was in 2020.
Import of Herbicide in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.9 | 6.0 | 5.7 | 7.3 | 7.4% |
Indonesia | 3.6 | 4.1 | 2.5 | 2.2 | -15.1% |
Israel | 0.8 | 1.0 | 1.3 | 2.0 | 35.7% |
India | 2.9 | 0.8 | 0.5 | 0.6 | -40.9% |
Malaysia | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
United Kingdom | N/A | 0.6 | N/A | 0.1 | -59.2% |
Others | 16.0 | 14.1 | 11.6 | 0.7 | -64.8% |
Total | 29.6 | 26.8 | 21.8 | 13.2 | -23.6% |
Top Suppliers of Herbicide to Singapore in 2022:
- China (1703.5 tons)
- Israel (277.1 tons)
- Indonesia (235.9 tons)
- India (169.3 tons)
- Malaysia (55.2 tons)
- United Kingdom (10.8 tons)
This report provides an in-depth analysis of the herbicide 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
- Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
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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