Singapore: Ceramic Tile Market 2024

Ceramic Tile Market Size in Singapore

In 2022, the Singaporean ceramic tile market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Ceramic Tile Exports

Exports from Singapore

In 2022, ceramic tile exports from Singapore expanded markedly to X square meters, rising by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ceramic tile exports soared to $X in 2022. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X square meters), Malaysia (X square meters) and the United States (X square meters) were the main destinations of ceramic tile exports from Singapore, together accounting for X% of total exports.

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

In value terms, the largest markets for ceramic tile exported from Singapore were Indonesia ($X), Malaysia ($X) and Maldives ($X), together comprising X% of total exports. Oman, the United States, Togo, Hong Kong SAR, Vietnam and Japan lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, export price indicated a noticeable 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, ceramic tile export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to the United States ($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 Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Singapore

In 2022, purchases abroad of ceramic tiles increased by X% to X square meters, rising for the second year in a row after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ceramic tile imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a slight shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of ceramic tile to Singapore, with a X% share of total imports. Moreover, ceramic tile imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold. The third position in this ranking was taken by Spain (X square meters), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of ceramic tiles to Singapore, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

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

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per square meter) and Indonesia ($X per square meter), while the price for Malaysia ($X per square meter) and China ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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