Price for Waste, Parings and Scrap, of Plastics in Singapore - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Singapore (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Singapore (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Singapore
4. Imports of Waste, Parings and Scrap, of Plastics in Singapore

Price for Waste, Parings and Scrap, of Plastics in Singapore (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $557 per ton in September 2022, surging by 7.9% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 12% month-to-month. As a result, the export price reached the peak level of $605 per ton. From April 2022 to September 2022, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($953 per ton), while the average price for exports to Malaysia ($460 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Singapore (CIF) - 2022

In 2022, the average import price for waste, parings and scrap, of plasticses amounted to $394 per ton, waning by -12.7% against the previous year. Overall, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 77% against the previous year. Over the period under review, average import prices reached the maximum at $1,038 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,967 per ton), while the price for South Korea ($151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in Singapore

In 2022, approx. 35K tons of waste, parings and scrap, of plasticses were exported from Singapore; picking up by 7.5% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of waste, parings and scrap, of plasticses expanded significantly to $14M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Singapore in 2022:

1. Malaysia (21.1K tons)
2. Vietnam (7.1K tons)
3. Indonesia (4.6K tons)
4. Pakistan (1.0K tons)
5. Australia (0.7K tons)

Imports of Waste, Parings and Scrap, of Plastics in Singapore

In 2022, supplies from abroad of waste, parings and scrap, of plasticses decreased by -13.7% to 1.1K tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 22%. As a result, imports reached the peak of 5.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of waste, parings and scrap, of plasticses fell rapidly to $434K in 2022. Overall, imports continue to indicate a significant decrease. The smallest decline of -5.8% was in 2020.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Singapore in 2022:

1. Japan (481.9 tons)
2. Indonesia (135.4 tons)
3. India (115.1 tons)
4. United States (109.9 tons)
5. South Korea (78.0 tons)
6. Belgium (72.6 tons)
7. Malaysia (40.1 tons)
8. China (1.9 tons)

Source: IndexBox Market Intelligence Platform