Report Update Apr 1, 2024

Singapore - Asbestos - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Asbestos Market 2022

Asbestos Market Size in Singapore

The Singaporean asbestos market dropped remarkably to $X in 2020, falling by -X% against the previous year. Over the period under review, consumption showed a sharp contraction. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Asbestos Production in Singapore

In value terms, asbestos production reduced dramatically to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019, and then dropped rapidly in the following year.

Asbestos Exports

Exports from Singapore

Asbestos exports from Singapore totaled X tons in 2020, stabilizing at 2019 figures. Overall, exports recorded a relatively flat trend pattern. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, asbestos exports stood at $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for asbestos exports from Singapore, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to India was relatively modest.

From 2007 to 2020, the average annual growth rate of value to India was relatively modest.

Export Prices by Country

In 2020, the average asbestos export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked in 2020 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to X% per year.

Asbestos Imports

Imports into Singapore

In 2020, supplies from abroad of asbestos decreased by -X% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a dramatic slump. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, asbestos imports contracted rapidly to $X in 2020. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) was the main asbestos supplier to Singapore, accounting for a X% share of total imports. It was followed by Malaysia (X kg), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of asbestos to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at -X%.

Import Prices by Country

The average asbestos import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2012 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($X per ton), while the price for China totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia (+X% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asbestos in the world?

The countries with the highest volumes of consumption in 2022 were India, China and Russia, together comprising 59% of global consumption. Uzbekistan, Indonesia, Turkey, Thailand, Sri Lanka, Bangladesh and Tajikistan lagged somewhat behind, together comprising a further 29%.

What are the largest producers of asbestos in the world?

Russia constituted the country with the largest volume of asbestos production, comprising approx. 50% of total volume. Moreover, asbestos production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. Brazil ranked third in terms of total production with a 15% share.

What are the leading suppliers of asbestos to Singapore?

In value terms, Australia $4) constituted the largest supplier of asbestoses to Singapore.

What are the leading importers of asbestos from Singapore?

In value terms, India remains the key foreign market for asbestoses exports from Singapore, comprising 89% of total exports. The second position in the ranking was held by Indonesia, with an 11% share of total exports.

What is the average export price for asbestos in Singapore?

In 2022, the average asbestos export price amounted to $483 per ton, remaining constant against the previous year.

What is the average import price for asbestos in Singapore?

In 2022, the average asbestos import price amounted to $667 per ton, surging by 40% against the previous year.

This report provides an in-depth analysis of the asbestos 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.

Product coverage:

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