Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Singapore
Market Overview
In 
, the Singaporean market for organo-sulphur compounds and other organo-inorganic compounds was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed modest growth. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.
, the Singaporean market for organo-sulphur compounds and other organo-inorganic compounds was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed modest growth. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.Consumption
In , consumption of organo-sulphur compounds and other organo-inorganic compounds increased by % to tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2012 to , the growth of the consumption of failed to regain momentum.
The size of the market for organo-sulphur compounds and other organo-inorganic compounds in Singapore soared to $ in , increasing 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 recorded modest growth. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.
, consumption of organo-sulphur compounds and other organo-inorganic compounds increased by % to tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2012 to , the growth of the consumption of failed to regain momentum.The size of the market for organo-sulphur compounds and other organo-inorganic compounds in Singapore soared to $
in , increasing 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 recorded modest growth. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.Market Forecast
Depressed by shrinking demand for organo-sulphur compounds and other organo-inorganic compounds in Singapore, the market is expected to continue its downward consumption trend over the next eight years. 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
Organo-sulphur compounds and other organo-inorganic compounds market in Singapore consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Singapore relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. 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 importer of organo-sulphur compounds and other organo-inorganic compounds; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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