Singapore: Aluminium Market Overview 2020

Aluminium Market Size in Singapore

The revenue of the aluminium market in Singapore amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, aluminium consumption continues to indicate an abrupt decrease. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. In that year, the aluminium market attained its peak level of $X. From 2010 to 2018, the growth of the aluminium market remained at a lower figure.

Aluminium Production in Singapore

In value terms, aluminium production stood at $X in 2018 estimated in export prices. Overall, aluminium production continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. In that year, aluminium production attained its peak level of $X. From 2015 to 2018, aluminium production growth remained at a somewhat lower figure.

Aluminium Exports

Exports from Singapore

In 2018, the amount of aluminium exported from Singapore totaled X tonnes, picking up by X% against the previous year. In general, aluminium exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, aluminium exports reached their maximum at X tonnes in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, aluminium exports amounted to $X in 2018. Overall, aluminium exports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Singapore exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes) represented roughly X% of total exports of aluminium in 2018. India (X tonnes) ranks next in terms of the total exports with a X% share, followed by Australia (X%), Norway (X%) and Malaysia (X%). The following exporters - the Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and China (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from Singapore were Canada ($X), the United Arab Emirates ($X) and Russia ($X), with a combined X% share of total exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, China and Singapore lagged somewhat behind, together accounting for a further X the main exporting countries, Malaysia recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium export price in Singapore stood at $X per tonne in 2018, picking up by X% against the previous year. Overall, the aluminium export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Singapore export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into Singapore

Aluminium imports into Singapore totaled X tonnes in 2018, coming down by -X% against the previous year. In general, aluminium imports continue to indicate a drastic deduction. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, aluminium imports reached their maximum at X tonnes in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, aluminium imports amounted to $X in 2018. Over the period under review, aluminium imports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, aluminium imports attained their peak figure at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) were the key importers of aluminium, together comprising X% of total imports. The Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into Singapore, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., aluminium imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

The aluminium import price in Singapore stood at $X per tonne in 2018, stabilizing at the previous year. Over the period under review, the aluminium import price, however, continues to indicate a measured descent. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, the import prices for aluminium reached their peak figure at $X per tonne in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform