Singapore: Aluminium Tube Market 2024

Aluminium Tube Market Size in Singapore

The Singaporean aluminium tube market fell significantly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a dramatic contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Singapore

In value terms, aluminium tube production plummeted to $X in 2022 estimated in export price. Over the period under review, production showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Aluminium tube production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Aluminium Tube Exports

Exports from Singapore

In 2022, overseas shipments of aluminium tubes and pipes increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium tube exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of aluminium tube exports from Singapore, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) emerged as the key foreign market for aluminium tubes and pipes exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Vietnam ($X 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 Indonesia (X%), while the prices for the other major destinations experienced a decline.

Aluminium Tube Imports

Imports into Singapore

In 2022, purchases abroad of aluminium tubes and pipes increased by X% to X tons, rising for the third year in a row after six years of decline. In general, imports, however, saw a precipitous curtailment. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports surged to $X in 2022. Over the period under review, imports, however, faced a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main aluminium tube supplier to Singapore, with a X% share of total imports. Moreover, aluminium tube imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium tubes and pipes to Singapore, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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