Singapore: Copper Chain Market 2024

Copper Chain Market Size in Singapore

The Singaporean copper chain market contracted notably to $X in 2022, which is down by X% against the previous year. In general, consumption showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Copper Chain Production in Singapore

In value terms, copper chain production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Copper Chain Exports

Exports from Singapore

In 2022, copper chain exports from Singapore surged to X tons, growing by X% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper chain exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), the United States (X tons) and Malaysia (X tons) were the main destinations of copper chain exports from Singapore, with a combined X% share 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 copper chain exported from Singapore were Indonesia ($X), the United States ($X) and Malaysia ($X), together comprising X% of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average copper chain export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Indonesia ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Copper Chain Imports

Imports into Singapore

In 2022, supplies from abroad of chain and parts thereof of copper was finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a sharp reduction. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, copper chain imports reduced to $X in 2022. Overall, imports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest copper chain supplier to Singapore, accounting for a X% share of total imports. Moreover, copper chain imports from Japan exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. The third position in this ranking was held by Thailand (X kg), with a X% share.

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

In value terms, Japan ($X) constituted the largest supplier of chain and parts thereof of copper to Singapore, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average copper chain import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform