Singapore: Market for Ceramic Pipes, Conduits, Guttering And Pipe Fittings 2024

Market Size for Ceramic Pipes, Conduits, Guttering And Pipe Fittings in Singapore

The Singaporean market for ceramic pipes, conduits, guttering and pipe fittings surged to $X in 2023, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Exports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Exports from Singapore

After two years of growth, overseas shipments of ceramic pipes, conduits, guttering and pipe fittings decreased by X% to X tons in 2023. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, exports of ceramic pipes, conduits, guttering and pipe fittings fell slightly to $X in 2023. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for exports of ceramic pipes, conduits, guttering and pipe fittings from Singapore, accounting for a X% share of total exports. Moreover, exports of ceramic pipes, conduits, guttering and pipe fittings to Maldives exceeded the volume sent to the second major destination, Indonesia (X kg), threefold. China (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and China (X% per year).

In value terms, the largest markets for ceramic pipe, conduit, guttering and pipe fitting exported from Singapore were Indonesia ($X), Maldives ($X) and Malaysia ($X), together accounting for X% of total exports. These countries were followed by China, which accounted for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average export price for ceramic pipes, conduits, guttering and pipe fittings amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Imports into Singapore

Imports of ceramic pipes, conduits, guttering and pipe fittings into Singapore surged to X tons in 2023, increasing by X% on the previous year's figure. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of ceramic pipes, conduits, guttering and pipe fittings surged to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest supplier of ceramic pipe, conduit, guttering and pipe fitting to Singapore, with a X% share of total imports. Moreover, imports of ceramic pipes, conduits, guttering and pipe fittings from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

In value terms, Malaysia ($X), the UK ($X) and Egypt ($X) constituted the largest ceramic pipe, conduit, guttering and pipe fitting suppliers to Singapore, together accounting for X% of total imports. The United States and China lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of 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 ceramic pipes, conduits, guttering and pipe fittings stood at $X per ton in 2023, with an increase of X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for ceramic pipes, conduits, guttering and pipe fittings increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform