Report Update: May 1, 2024

Singapore - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights

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Iron Household Articles Price in Singapore - 2022

Iron Household Articles Price in Singapore (CIF) - 2022

The average iron household articles import price stood at $5,733 per ton in 2022, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($6,172 per ton) and China ($6,172 per ton), while the price for Indonesia ($5,393 per ton) and Japan ($5,450 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron Household Articles Price in Singapore (FOB) - 2022

The average iron household articles export price stood at $5,969 per ton in 2022, increasing by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($7,072 per ton) and Brunei Darussalam ($6,057 per ton), while the average price for exports to the UK ($5,231 per ton) and Maldives ($5,405 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports in Singapore

In 2022, after two years of decline, there was significant growth in supplies from abroad of table, kitchen or household articles and parts of iron, when their volume increased by 30% to 7.7K tons. Over the period under review, imports, however, saw a pronounced slump.

In value terms, iron household articles imports soared to $44M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Iron Household Articles in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	13.0	10.8	10.5	15.7	6.5%
China	9.8	8.3	10.8	15.0	15.2%
Japan	4.8	3.2	3.2	5.1	2.0%
India	0.5	0.4	0.8	1.1	30.1%
United States	1.0	0.5	0.7	1.1	3.2%
Taiwan (Chinese)	0.6	0.6	0.7	1.0	18.6%
Indonesia	0.9	0.4	0.4	0.8	-3.9%
Others	3.7	2.6	2.6	4.3	5.1%
Total	34.3	27.0	29.8	44.1	8.7%

Top Suppliers of Iron Household Articles to Singapore in 2022:

Malaysia (2865.6 tons)
China (2438.2 tons)
Japan (938.1 tons)
United States (194.7 tons)
India (183.1 tons)
Taiwan (Chinese) (165.0 tons)
Indonesia (141.7 tons)

Iron Household Articles Exports in Singapore

In 2022, the amount of table, kitchen or household articles and parts of iron exported from Singapore surged to 1.1K tons, rising by 35% on 2021 figures. Overall, exports posted measured growth. The pace of growth was the most pronounced in 2021 with an increase of 83%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, iron household articles exports surged to $6.7M in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Iron Household Articles in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	1,548	960	1,454	2,042	9.7%
Malaysia	864	456	1,009	1,417	17.9%
United States	174	73.3	333	468	39.1%
United Arab Emirates	45.1	498	157	354	98.7%
Hong Kong SAR	47.5	49.2	229	322	89.3%
China	183	10.1	229	321	20.6%
Thailand	290	48.5	144	217	-9.2%
India	3.9	6.3	129	181	259.4%
Taiwan (Chinese)	67.4	1.3	128	180	38.7%
Maldives	245	17.0	103	162	-12.9%
United Kingdom	323	28.8	13.2	160	-20.9%
Brunei Darussalam	64.0	128	107	150	32.8%
Philippines	86.2	86.3	50.5	106	7.1%
Others	637	160	513	623	-0.7%
Total	4,578	2,524	4,599	6,703	13.6%

Top Export Markets for Iron Household Articles from Singapore in 2022:

Indonesia (340.1 tons)
Malaysia (236.0 tons)
United States (77.8 tons)
Hong Kong SAR (53.6 tons)
China (53.5 tons)
United Arab Emirates (50.1 tons)
Thailand (39.6 tons)
United Kingdom (30.6 tons)
India (30.1 tons)
Maldives (29.9 tons)
Taiwan (Chinese) (29.9 tons)
Brunei Darussalam (24.8 tons)
Philippines (18.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron household articles 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 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023