Market for Saturated Acyclic Monocarboxylic Acids in Singapore
Market Overview
In 
, the Singaporean saturated acyclic monocarboxylic acids market was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, saturated acyclic monocarboxylic acids production fell slightly to $ in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production remained at a lower figure.
, the Singaporean saturated acyclic monocarboxylic acids market was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, saturated acyclic monocarboxylic acids production fell slightly to $
in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production remained at a lower figure.Consumption
In , the amount of saturated acyclic monocarboxylic acids consumed in Singapore contracted slightly to tons, waning by -% on figures. Over the period under review, consumption, however, posted a noticeable expansion. As a result, consumption attained the peak volume of tons, and then declined slightly in the following year.
The size of the saturated acyclic monocarboxylic acids market in Singapore declined slightly to $ in , remaining constant 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). Overall, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $, and then fell modestly in the following year.
, the amount of saturated acyclic monocarboxylic acids consumed in Singapore contracted slightly to tons, waning by -% on figures. Over the period under review, consumption, however, posted a noticeable expansion. As a result, consumption attained the peak volume of tons, and then declined slightly in the following year.The size of the saturated acyclic monocarboxylic acids market in Singapore declined slightly to $
in , remaining constant 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). Overall, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $, and then fell modestly in the following year.Market Forecast
The saturated acyclic monocarboxylic acids market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
Saturated acyclic monocarboxylic acids market in Singapore consists almost entirely of imported products. 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 saturated acyclic monocarboxylic acids; 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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