Singapore: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Singapore

The Singaporean market for iron or steel leaf-springs and leaves declined remarkably to $X in 2020, which is down by -X% against the previous year. Overall, the total consumption indicated a pronounced expansion 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. Based on 2020 figures, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Production of Iron Or Steel Leaf-Springs And Leaves in Singapore

In value terms, production of iron or steel leaf-springs and leaves declined markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Production peaked at $X in 2019, and then shrank remarkably in the following year.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Singapore

After two years of growth, overseas shipments of iron or steel leaf-springs and leaves decreased by -X% to X tons in 2020. In general, exports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2019, and then contracted dramatically in the following year.

In value terms, exports of iron or steel leaf-springs and leaves contracted notably to $X in 2020. Overall, exports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from Singapore, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Hong Kong SAR (+X% per year).

In value terms, Malaysia ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the export price posted a modest expansion. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Singapore

Imports of iron or steel leaf-springs and leaves into Singapore shrank significantly to X tons in 2020, dropping by -X% on the year before. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves fell markedly to $X in 2020. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and Belgium (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Singapore, together comprising X% of total imports. These countries were followed by Indonesia, Spain, the Netherlands, the Czech Republic, the U.S. and Thailand, which together accounted for a further X 2007 to 2020, the biggest increases were in the Czech Republic (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring and leave suppliers to Singapore were China ($X), Malaysia ($X) and the U.S. ($X), together accounting for X% of total imports. These countries were followed by Belgium, Spain, Thailand, the Netherlands, the Czech Republic and Indonesia, which together accounted for a further X the main suppliers, the Czech Republic recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a notable increase from 2007 to 2020: its price 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. Based on 2020 figures, import price for iron or steel leaf-springs and leaves increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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