Singapore - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Singapore - 2022
Contents:
- Aluminum Price in Singapore (FOB) - 2022
- Aluminum Price in Singapore (CIF) - 2022
- Aluminum Exports in Singapore
- Aluminum Imports in Singapore
Aluminum Price in Singapore (FOB) - 2022
In 2022, the average aluminum export price amounted to $2,765 per ton, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,284 per ton), while the average price for exports to China ($2,461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminum Price in Singapore (CIF) - 2022
In September 2022, the average aluminum import price amounted to $4,191 per ton, reducing by -4.7% against the previous month. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 105% against the previous month. The import price peaked at $7,563 per ton in May 2022; however, from June 2022 to September 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was the United Arab Emirates ($4,169 per ton), while the price for Malaysia ($3,999 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminum Exports in Singapore
In 2022, approx. 147K tons of aluminum were exported from Singapore; with a decrease of -37.5% on 2021 figures. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 237%. As a result, the exports attained the peak of 235K tons, and then shrank significantly in the following year.
In value terms, aluminum exports contracted significantly to $406M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 315%. As a result, the exports attained the peak of $543M, and then shrank rapidly in the following year.
| Export of Aluminum in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.1 | 8.9 | 62.5 | 98.1 | 46.7% |
| Japan | 0.3 | 2.9 | 0.6 | 90.5 | 570.7% |
| Thailand | 9.8 | 0.7 | 41.8 | 57.1 | 79.9% |
| Taiwan (Chinese) | 16.8 | 2.1 | 16.1 | 31.5 | 23.3% |
| Indonesia | 14.6 | 4.8 | 23.5 | 24.7 | 19.2% |
| Malaysia | 12.4 | 1.9 | 13.1 | 23.9 | 24.4% |
| Vietnam | 2.1 | N/A | 13.0 | 22.9 | 121.8% |
| Bangladesh | 42.2 | 11.1 | 23.2 | 16.7 | -26.6% |
| South Korea | 25.5 | 0.1 | 34.2 | 11.5 | -23.3% |
| China | 2.9 | 95.6 | 307 | 3.2 | 3.3% |
| United States | 18.4 | N/A | N/A | N/A | 0% |
| Others | 11.4 | 2.6 | 7.5 | 25.4 | 30.6% |
| Total | 188 | 131 | 543 | 406 | 29.3% |
Top Export Markets for Aluminum from Singapore in 2022:
- United States (undefinedK tons)
- Netherlands (37.9K tons)
- Japan (30.2K tons)
- Thailand (19.4K tons)
- Taiwan (Chinese) (12.0K tons)
- Malaysia (9.2K tons)
- Indonesia (8.4K tons)
- Vietnam (7.9K tons)
- Bangladesh (5.9K tons)
- South Korea (3.9K tons)
- China (1.3K tons)
Aluminum Imports in Singapore
Aluminum imports into Singapore surged to 71K tons in 2022, with an increase of 23% on 2021. Overall, imports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of 265K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, aluminum imports skyrocketed to $203M in 2022. Over the period under review, imports, however, recorded a deep contraction.
| Import of Aluminum in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 148 | 0% |
| India | 203 | 369 | 75.4 | 27.3 | -48.8% |
| United Arab Emirates | 3.9 | 78.9 | 15.2 | 9.3 | 33.6% |
| Malaysia | 51.9 | 7.6 | 6.8 | 8.1 | -46.2% |
| Australia | 21.0 | 4.8 | N/A | 1.5 | -58.5% |
| Qatar | 3.6 | 27.1 | 0.1 | 0.7 | -42.1% |
| Bahrain | 11.3 | 7.3 | 0.4 | 0.1 | -79.3% |
| Russia | 24.3 | 7.1 | 2.1 | N/A | -70.6% |
| Saudi Arabia | 20.3 | 19.7 | N/A | N/A | -3.0% |
| Oman | 25.8 | 1.9 | N/A | N/A | -92.6% |
| Others | 9.5 | 6.5 | 12.4 | 8.2 | -4.8% |
| Total | 374 | 530 | 112 | 203 | -18.4% |
Top Suppliers of Aluminum to Singapore in 2022:
- South Africa (47.8K tons)
- India (15.5K tons)
- United Arab Emirates (2.7K tons)
- Malaysia (2.7K tons)
- Australia (0.5K tons)
- Qatar (0.3K tons)
- Bahrain (0.1K tons)
This report provides an in-depth analysis of the aluminum market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminum market in Singapore.
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This report provides an in-depth analysis of the aluminium market in Singapore.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Singapore.
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This report provides an in-depth analysis of the aluminium and titanium market in Singapore.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
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This report provides an in-depth analysis of the aluminum market in Singapore.
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This report provides an in-depth analysis of the aluminium market in Singapore.
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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