Singapore - Palmitic Acid, Stearic Acid, Their Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore - 2022
Contents:
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (FOB) - 2022
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (CIF) - 2022
- Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore
- Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (FOB) - 2022
The average export price for palmitic acid, stearic acid, their salts and esters stood at $3,958 per ton in September 2022, dropping by -6.7% against the previous month. In general, export price indicated a moderate increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for palmitic acid, stearic acid, their salts and esters decreased by -31.8% against May 2022 indices. The pace of growth was the most pronounced in January 2022 when the average export price increased by 61% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,804 per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was the United States ($4,512 per ton), while the average price for exports to Japan ($2,811 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 Bahrain (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (CIF) - 2022
In 2022, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $2,764 per ton, rising by 12% 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 +1.4% 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 palmitic acid, stearic acid, their salts and esters increased by +121.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 the United States ($12,023 per ton), while the price for Indonesia ($1,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore
In 2022, the amount of palmitic acid, stearic acid, their salts and esters exported from Singapore fell rapidly to 33K tons, which is down by -27% compared with 2021 figures. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5.2%. As a result, the exports attained the peak of 45K tons, and then shrank markedly in the following year.
In value terms, exports of palmitic acid, stearic acid, their salts and esters reached $101M in 2022. The total export value increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.5 | 18.5 | 30.9 | 31.6 | 26.8% |
United Arab Emirates | 3.4 | 4.2 | 5.8 | 9.7 | 41.8% |
Saudi Arabia | 4.9 | 6.1 | 10.1 | 9.0 | 22.5% |
Japan | 3.1 | 11.9 | 3.8 | 7.6 | 34.8% |
Thailand | 6.1 | 6.2 | 8.4 | 7.1 | 5.2% |
South Korea | 8.0 | 8.4 | 8.9 | 7.0 | -4.4% |
Indonesia | 3.2 | 3.7 | 5.1 | 5.2 | 17.6% |
China | 10.1 | 6.8 | 7.1 | 4.2 | -25.4% |
Bahrain | 2.7 | 2.4 | 3.6 | 3.9 | 13.0% |
Malaysia | 2.4 | 1.8 | 2.2 | 1.7 | -10.9% |
India | 2.4 | 2.4 | 2.6 | 1.4 | -16.4% |
Others | 10.0 | 9.2 | 11.3 | 13.0 | 9.1% |
Total | 71.9 | 81.7 | 99.8 | 101 | 12.0% |
Top Export Markets for Palmitic Acid, Stearic Acid, Their Salts and Esters from Singapore in 2022:
- United States (8.1K tons)
- Japan (4.1K tons)
- United Arab Emirates (3.6K tons)
- Saudi Arabia (3.2K tons)
- Thailand (2.8K tons)
- South Korea (2.7K tons)
- Indonesia (2.1K tons)
- China (1.7K tons)
- Bahrain (1.5K tons)
- India (0.6K tons)
- Malaysia (0.5K tons)
Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore
In 2022, approx. 3.4K tons of palmitic acid, stearic acid, their salts and esters were imported into Singapore; approximately mirroring 2021. In general, imports faced a precipitous decrease.
In value terms, imports of palmitic acid, stearic acid, their salts and esters rose rapidly to $9.3M in 2022. Over the period under review, imports recorded a relatively flat trend pattern.
Import of Palmitic Acid, Stearic Acid, Their Salts and Esters in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 4.5 | 5.3 | 3.6 | 4.5 | 0.0% |
India | 0.9 | 0.6 | 1.6 | 2.6 | 42.4% |
United States | 0.9 | 0.9 | 1.1 | 0.7 | -8.0% |
Germany | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
China | 1.5 | 0.1 | 0.4 | 0.4 | -35.6% |
Italy | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
Japan | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
Others | 0.6 | 0.8 | 0.7 | 0.1 | -45.0% |
Total | 9.4 | 8.6 | 8.3 | 9.3 | -0.4% |
Top Suppliers of Palmitic Acid, Stearic Acid, Their Salts and Esters to Singapore in 2022:
- Malaysia (1917.0 tons)
- India (1026.2 tons)
- China (140.5 tons)
- Japan (71.0 tons)
- Germany (65.2 tons)
- United States (60.8 tons)
- Italy (59.1 tons)
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters 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 20143235 - Palmitic acid, stearic acid, their salts and esters
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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