
Singapore - Aluminium - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Aluminium Market Overview 2021
Aluminium Market Size in Singapore
The Singaporean aluminium market totaled $X in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt downturn. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2010 to 2019, the growth of the market remained at a somewhat lower figure.
Aluminium Exports
Exports from Singapore
Aluminium exports from Singapore was estimated at X tonnes in 2019, approximately equating 2018 figures. In general, exports enjoyed a tangible increase. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.
In value terms, aluminium exports dropped markedly to $X in 2019. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.
Exports by Country
Bangladesh (X tonnes), the Netherlands (X tonnes) and South Korea (X tonnes) were the main destinations of aluminium exports from Singapore, with a combined X% share of total exports. The U.S., Indonesia, Taiwan (Chinese), Malaysia and Thailand lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S. (+X% per year), while exports for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for aluminium exported from Singapore were Bangladesh ($X), the Netherlands ($X) and South Korea ($X), with a combined X% share of total exports.
The Netherlands (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average aluminium export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2019, the highest prices were recorded for prices to Taiwan (Chinese) ($X per tonne) and Bangladesh ($X per tonne), while the average price for exports to Indonesia ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced a decline.
Aluminium Imports
Imports into Singapore
In 2019, aluminium imports into Singapore skyrocketed to X tonnes, increasing by X% compared with the year before. Overall, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.
In value terms, aluminium imports soared to $X in 2019. Over the period under review, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, India (X tonnes) constituted the largest aluminium supplier to Singapore, with a X% share of total imports. Moreover, aluminium imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), fourfold. Russia (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from India amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Russia (+X% per year).
In value terms, India ($X) constituted the largest supplier of aluminium to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Russia, with a X% share.
From 2007 to 2019, the average annual growth rate of value from India amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Russia (+X% per year).
Import Prices by Country
The average aluminium import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Russia ($X per tonne) and Saudi Arabia ($X per tonne), while the price for Bahrain ($X per tonne) and Australia ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for aluminium in the world?+
China (36M tonnes) remains the largest aluminium consuming country worldwide, accounting for 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. The third position in this ranking was occupied by India (2.8M tonnes), with a 4.1% share.
What are the largest producers of aluminium in the world?+
The country with the largest volume of aluminium production was China (36M tonnes), accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. The third position in this ranking was occupied by Russia (3.6M tonnes), with a 5.4% share.
What are the leading suppliers of aluminium to Singapore?+
In value terms, India ($194M) constituted the largest supplier of aluminium to Singapore, comprising 58% of total imports. The second position in the ranking was occupied by Malaysia ($50M), with a 15% share of total imports. It was followed by Russia, with a 7% share.
What are the leading importers of aluminium from Singapore?+
In value terms, Bangladesh ($43M), the Netherlands ($31M) and South Korea ($26M) were the largest markets for aluminium exported from Singapore worldwide, with a combined 53% share of total exports.
What is the average export price for aluminium in Singapore?+
The average aluminium export price stood at $1,878 per tonne in 2019, waning by -17.1% against the previous year.
What is the average import price for aluminium in Singapore?+
The average aluminium import price stood at $2,023 per tonne in 2019, shrinking by -2.4% against the previous year.
This report provides an in-depth analysis of the aluminium 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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