Views: 12 Author: Site Editor Publish Time: 2023-07-10 Origin: Site
With the acceleration of the scale of China's chemical industry, the homogenization brought by the scale is becoming more and more serious. Many powerful enterprises are actively laying out the consumer market in Southeast Asia. They can take the lead in seizing the potential consumer market in Southeast Asia to alleviate the concern of oversupply in China's market.
This article mainly analyzes the main types and scales of chemicals exported from China to Singapore. Let's take a look at which chemicals are exported from China to Singapore?
According to the statistics of chemical products exported from China to Singapore, oil products and related products are the main products exported from China to Singapore in 2022. Among them, the export scale of gasoline, ethanol gasoline, and component oil to Singapore in 2022 exceeded 6 million tons, while the export scale of diesel, catalytic diesel, and ethylene tar to Singapore exceeded 2.5 million tons, the export scale of marine fuel oil to Singapore exceeded 1.5 million tons, and the export scale of kerosene to Singapore exceeded 800000 tons. In addition, there is a small amount of crude oil exported to Singapore.
Pingtou believes that although Singapore is an important transportation hub in Southeast Asia, it has a small number of refineries, only Mobil, Shell and other enterprises in Jurong Island Industrial Park, and most of these refining and chemical integration enterprises are mainly chemical products production, with less oil production. So, this also leads to a gap in Singapore's oil supply, which mainly relies on the supplement of Chinese oil exports and mainly comes from the exports of Chinese main enterprises.
The oil and related products exported from China to Singapore have shown a continuous growth trend in recent years. The development of Singapore's refining industry has stagnated, while the economic development has brought more demand for oil for civilian and industrial vehicles. Therefore, it is expected that Singapore's oil products will mainly come from the Chinese market for a long time in the future, and Singapore will also become an important consumer market for Chinese oil exports.
According to customs data statistics, in the chemical products exported from China to Singapore in 2022, the export volume under the tax code of aromatic solvent oil, xylene, mixed aromatic hydrocarbons, hydrogenated xylene, non aromatic hydrocarbons, and mixed benzene exceeded 40000 tons, making it a relatively large variety among the chemical products counted. Next are oil additives, Chlorinated paraffins, plastic foaming agent, zinc oxide, electrolyte, monoglyceride, epoxy resin, Methoxy group acrylate bactericide, hydrazine hydrate 2, liquefied MDI, F141B foaming agent, and slurry. Under the tax code, China's exports to Singapore exceed 30000 tons.
It can be seen that from the scale of China's exports to Singapore, excluding products directly related to oil products, oil blending raw materials are also the main export products. Among them, mixed aromatic hydrocarbons, oil additives, and non aromatic blended oils are mainly exported to the oil market after being exported to Singapore.
Therefore, Singapore is currently the main consumer type of chemical products for oil products and blending materials, and its import purpose is also to meet the local consumption demand for finished oil markets.
According to customs statistics, in 2022, China will export more than 20000 tons of water reducing agent to Singapore, more than 15000 tons of EVA film, CPP film, agricultural film, aluminized film, conveyor belt and other products, and more than 10000 tons of methyl acetate, ethyl acetate, sec butyl acetate, ethylene glycol methyl ether acetate, vinyl carbonate (VC), methyl ethyl acetate (EMC), Ethylene carbonate (EC) to Singapore, The scale of pure MDI exports to Singapore exceeds 8300 tons.
From the perspective of chemicals of non oil products and related products exported from China to Singapore, they are mainly concentrated in water reducing agents, acetate esters and Fine chemical, but the export scale is not high. The export volume is generally around 10000 to 20000 tons, and the volume of individual products is only a few thousand tons. From this point, it can also be seen that Singapore's own consumption demand for chemicals is not high. On the one hand, it has a complete industrial chain with few missing links, and there is no need to purchase chemicals for chain replenishment operations. On the other hand, the consumption volume of Singapore's chemical industry is not large, and its own chemical supply can basically meet the needs of the local consumer market.
So, if the Singapore chemical industry market continues to develop in the future, without the investment and construction of large-scale integrated enterprises, it will not be possible to form a supplementary demand for the scale driving and chain of chemicals. For the Chinese market, the export of Chinese chemicals to Singapore has limited market space.
According to Chinese customs statistics, according to the customs statistics of China's exports, some chemicals are exported from China to Hong Kong for re export, and the main consumer market for re export is Southeast Asia, with Singapore being an important destination for re export.
So, if we consider the situation of Hong Kong's transit, the overall export volume of chemicals from China to Singapore, including related plastic particles, acetate chemicals, and other plastic products, will also increase. It should be noted that due to the small volume of chemicals in Hong Kong's transit trade, it will not have a significant bias on the conclusions.