Singapore: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Singapore

After three years of growth, the Singaporean metal advertising sign market decreased by X% to $X in 2020. Overall, consumption, however, posted resilient growth. Metal advertising sign consumption peaked at $X in 2019, and then declined in the following year.

Metal Advertising Sign Production in Singapore

In value terms, metal advertising sign production surged to $X in 2020 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Metal advertising sign production peaked in 2020 and is likely to see steady growth in years to come.

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Metal Advertising Sign Exports

Exports from Singapore

Metal advertising sign exports from Singapore fell dramatically to X tons in 2020, with a decrease of X% on the year before. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

In value terms, metal advertising sign exports fell remarkably to $X in 2020. Overall, exports showed a deep setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for metal advertising sign exports from Singapore, accounting for a X% share of total exports. Moreover, metal advertising sign exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was held by the Philippines (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the Philippines (X% per year).

In value terms, Germany ($X), the United States ($X) and Indonesia ($X) were the largest markets for metal advertising sign exported from Singapore worldwide, together comprising X% of total exports. Malaysia, the Philippines, the United Arab Emirates, China, Australia, Taiwan (Chinese), Maldives, Thailand, Bhutan and Cambodia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2020, 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 more modest paces of growth.

Metal Advertising Sign Imports

Imports into Singapore

For the fourth year in a row, Singapore recorded growth in supplies from abroad of metal advertising signs, which increased by X% to X tons in 2020. In general, total imports indicated a prominent expansion from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal advertising sign imports rose remarkably to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2020, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of metal advertising sign imports to Singapore, together comprising X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the United States ($X) appeared to be the largest metal advertising sign suppliers to Singapore, together accounting for X% of total imports. Germany, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of 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 metal advertising sign import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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