Singapore: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Singapore

In 2022, the Singaporean articles of zinc market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Articles Of Zinc Production in Singapore

In value terms, articles of zinc production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Articles of zinc production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Articles Of Zinc Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in overseas shipments of articles of zinc, when their volume decreased by X% to X tons. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, articles of zinc exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

The Philippines (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of articles of zinc exports from Singapore, together comprising X% of total exports. China, Thailand, Japan, Vietnam, Hong Kong SAR, the United States and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for articles of zinc exported from Singapore were the Philippines ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total exports. China, Thailand, Japan, Vietnam, Hong Kong SAR, the United States and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of zinc export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of zinc export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Belgium ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Singapore

In 2022, the amount of articles of zinc imported into Singapore shrank remarkably to X tons, reducing by X% on the previous year. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, articles of zinc imports contracted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of articles of zinc imports to Singapore, with a combined X% share of total imports. Thailand, Germany, Italy, Taiwan (Chinese), the UK and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) were the largest articles of zinc suppliers to Singapore, with a combined X% share of total imports. Thailand, Germany, Italy, Taiwan (Chinese), the UK and the United States lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of zinc import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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