Singapore: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Singapore

In 2022, the Singaporean market for boards, sheets, panels, tiles and similar articles of plaster not faced increased by X% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, saw a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Singapore

In 2022, shipments abroad of boards, sheets, panels, tiles and similar articles of plaster not faced decreased by X% to X square meters for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X square meters in 2021, and then dropped rapidly in the following year.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced fell remarkably to $X in 2022. In general, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Australia (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Singapore, with a X% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to Australia exceeded the volume sent to the second major destination, Malaysia (X square meters), twofold. The third position in this ranking was taken by Sri Lanka (X square meters), with an X% share.

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

In value terms, Australia ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster not faced exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Sri Lanka, with an X% share.

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

Export Prices by Country

In 2022, the average export price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Timor-Leste ($X per square meter), while the average price for exports to Sri Lanka ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Singapore

Imports of boards, sheets, panels, tiles and similar articles of plaster not faced into Singapore skyrocketed to X square meters in 2022, rising by X% against 2021 figures. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X square meters), France (X square meters) and the United States (X square meters) were the main suppliers of imports of boards, sheets, panels, tiles and similar articles of plaster not faced to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), France ($X) and the United States ($X) were the largest board, sheet, panel, tile and similar article of plaster not faced suppliers to Singapore, together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) 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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