Report Update: Apr 1, 2024

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

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Price for Stainless Steel Household Articles in Singapore - 2022

Price for Stainless Steel Household Articles in Singapore (CIF) - 2022

The average stainless steel household articles import price stood at $6.5 per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($11 per unit), while the price for Indonesia ($3.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Household Articles in Singapore (FOB) - 2022

In 2022, the average stainless steel household articles export price amounted to $8.1 per unit, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the average export prices hit record highs at $8.5 per unit in 2019; however, from 2020 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 Hong Kong SAR ($14 per unit), while the average price for exports to Taiwan (Chinese) ($5.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Household Articles in Singapore

In 2022, approx. 8.1M units of table, kitchen or household articles and parts of stainless steel were imported into Singapore; with an increase of 8.2% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked at 8.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, stainless steel household articles imports rose sharply to $53M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Stainless Steel Household Articles in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	26.5	19.4	27.3	33.3	7.9%
Malaysia	4.0	2.7	3.5	4.1	0.8%
Japan	3.9	3.6	2.6	2.5	-13.8%
United States	1.9	2.7	4.3	2.5	9.6%
Thailand	1.2	1.2	1.6	2.1	20.5%
India	0.9	0.9	1.6	1.7	23.6%
Taiwan (Chinese)	0.9	0.9	1.0	0.9	0.0%
Vietnam	1.8	1.8	1.2	0.9	-20.6%
Indonesia	0.1	0.6	0.6	0.6	81.7%
Others	4.4	2.8	5.2	4.4	0.0%
Total	45.6	36.6	48.9	53.0	5.1%

Top Suppliers of Stainless Steel Household Articles to Singapore in 2022:

China (4975.1K units)
Malaysia (1153.7K units)
Thailand (275.5K units)
India (269.8K units)
Japan (259.6K units)
United States (221.8K units)
Indonesia (169.3K units)
Vietnam (142.6K units)
Taiwan (Chinese) (111.1K units)

Exports of Stainless Steel Household Articles in Singapore

In 2022, the amount of table, kitchen or household articles and parts of stainless steel exported from Singapore shrank to 1.3M units, falling by -5.4% against 2021 figures. In general, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of 1.4M units, and then declined in the following year.

In value terms, stainless steel household articles exports rose to $11M in 2022. Overall, exports recorded a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 14%. The exports peaked at $12M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Stainless Steel Household Articles in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	4,869	3,472	4,337	3,364	-11.6%
Malaysia	1,396	861	1,102	1,989	12.5%
Taiwan (Chinese)	54.6	387	628	958	159.9%
Japan	43.5	215	196	612	141.4%
China	537	308	377	606	4.1%
Vietnam	175	373	582	383	29.8%
Philippines	382	67.6	132	376	-0.5%
Hong Kong SAR	787	466	383	328	-25.3%
Brunei Darussalam	616	364	429	301	-21.2%
South Korea	39.5	89.2	76.0	281	92.3%
Thailand	188	185	173	198	1.7%
Australia	181	311	112	189	1.5%
Maldives	288	276	286	157	-18.3%
Others	2,018	1,498	1,315	870	-24.5%
Total	11,574	8,872	10,127	10,612	-2.9%

Top Export Markets for Stainless Steel Household Articles from Singapore in 2022:

Indonesia (404.3K units)
Malaysia (266.8K units)
Taiwan (Chinese) (174.0K units)
Japan (62.6K units)
China (52.1K units)
Vietnam (48.6K units)
Philippines (48.3K units)
Brunei Darussalam (42.5K units)
Thailand (24.7K units)
Australia (24.3K units)
Hong Kong SAR (23.8K units)
South Korea (20.7K units)
Maldives (20.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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