Roasted Iron Pyrites Market in Singapore
Market Overview
In 
, the Singaporean roasted iron pyrites market was finally on the rise to reach $ after six years of decline. In general, consumption, however, continues to indicate a precipitous slump. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
In value terms, roasted iron pyrites production fell modestly to $ in estimated in export price. Overall, production showed a buoyant increase. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Roasted iron pyrites production peaked at $ in , and then declined in the following year.
, the Singaporean roasted iron pyrites market was finally on the rise to reach $ after six years of decline. In general, consumption, however, continues to indicate a precipitous slump. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.In value terms, roasted iron pyrites production fell modestly to $
in estimated in export price. Overall, production showed a buoyant increase. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Roasted iron pyrites production peaked at $ in , and then declined in the following year.Consumption
Roasted iron pyrites consumption in Singapore contracted to tons in , declining by -% on figures. Overall, consumption showed a sharp reduction. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The size of the roasted iron pyrites market in Singapore contracted to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a precipitous slump. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
tons in , declining by -% on figures. Overall, consumption showed a sharp reduction. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The size of the roasted iron pyrites market in Singapore contracted to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a precipitous slump. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for roasted iron pyrites in Singapore, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Singapore remains a net exporter of roasted iron pyrites; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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