Singapore - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Singapore - 2022
Contents:
- Metal Wool Price in Singapore (CIF) - 2022
- Metal Wool Price in Singapore (FOB) - 2022
- Metal Wool Imports in Singapore
- Metal Wool Exports in Singapore
Metal Wool Price in Singapore (CIF) - 2022
The average metal wool import price stood at $6,367 per ton in 2022, picking up by 35% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +75.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,004 per ton), while the price for Japan ($4,736 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Wool Price in Singapore (FOB) - 2022
The average metal wool export price stood at $6,909 per ton in 2022, rising by 43% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $8,688 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($27,500 per ton), while the average price for exports to Maldives ($4,910 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 (+117.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Imports in Singapore
For the third year in a row, Singapore recorded decline in supplies from abroad of iron or steel wool, which decreased by -48.1% to 167 tons in 2022. In general, imports saw a precipitous decline. The smallest decline of -22.6% was in 2020.
In value terms, metal wool imports shrank rapidly to $1.1M in 2022. Overall, imports continue to indicate a dramatic downturn. The smallest decline of -16.4% was in 2021.
| Import of Metal Wool in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 173 | 150 | 280 | 533 | 45.5% |
| Taiwan (Chinese) | 349 | 92.9 | 548 | 226 | -13.5% |
| United States | 61.8 | 11.7 | 141 | 161 | 37.6% |
| South Korea | 39.0 | 29.3 | 51.5 | 56.0 | 12.8% |
| Malaysia | 23.0 | 38.1 | 25.1 | 14.9 | -13.5% |
| Japan | 1,694 | 1,449 | 381 | 9.2 | -82.4% |
| Others | 71.4 | 33.9 | 81.2 | 59.9 | -5.7% |
| Total | 2,411 | 1,804 | 1,508 | 1,060 | -24.0% |
Top Suppliers of Metal Wool to Singapore in 2022:
- China (59.2 tons)
- Taiwan (Chinese) (47.6 tons)
- United States (34.0 tons)
- South Korea (11.8 tons)
- Malaysia (3.1 tons)
- Japan (1.9 tons)
Metal Wool Exports in Singapore
In 2022, approx. 32 tons of iron or steel wool were exported from Singapore; which is down by -38.9% compared with the year before. Overall, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 140%.
In value terms, metal wool exports dropped to $219K in 2022. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 98%.
| Export of Metal Wool in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | 2.8 | 0.3 | 66.2 | 771.5% |
| United States | N/A | 4.2 | N/A | 57.9 | 271.3% |
| Indonesia | 31.0 | 5.6 | 10.2 | 43.6 | 12.0% |
| Brunei Darussalam | 3.0 | 13.7 | 8.0 | 10.6 | 52.3% |
| United Kingdom | N/A | N/A | 9.3 | 10.3 | 10.8% |
| Australia | 0.2 | N/A | 23.6 | 5.9 | 209.0% |
| Malaysia | 435 | 64.9 | 134 | 3.8 | -79.4% |
| Maldives | 0.4 | N/A | 4.6 | 3.7 | 109.9% |
| China | 4.0 | 25.5 | 38.1 | 0.1 | -70.8% |
| Others | 26.3 | 9.7 | 23.2 | 17.1 | -13.4% |
| Total | 500 | 126 | 251 | 219 | -24.1% |
Top Export Markets for Metal Wool from Singapore in 2022:
- China (undefined tons)
- Thailand (13.4 tons)
- Indonesia (7.7 tons)
- United States (2.1 tons)
- United Kingdom (1.8 tons)
- Brunei Darussalam (1.5 tons)
- Australia (1.1 tons)
- Maldives (0.8 tons)
- Malaysia (0.6 tons)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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
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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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