Singapore: Market for Multiple-Walled Insulating Units Of Glass 2023

Market Size for Multiple-Walled Insulating Units Of Glass in Singapore

In 2021, the Singaporean multiple-walled insulating glass unit market decreased by -16.7% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Singapore

In value terms, multiple-walled insulating glass unit production fell modestly to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 63% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Singapore

Multiple-walled insulating glass unit exports from Singapore skyrocketed to X square meters in 2021, growing by 41% on 2020. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of 78%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X square meters) was the main destination for multiple-walled insulating glass unit exports from Singapore, with a 78% share of total exports. Moreover, multiple-walled insulating glass unit exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X square meters), more than tenfold. Qatar (X square meters) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+26.4% per year) and Qatar (+54.8% per year).

In value terms, New Zealand ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Singapore, comprising 81% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.3% share of total exports. It was followed by Malaysia, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+28.3% per year) and Malaysia (+17.3% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, falling by -11.3% against the previous year. Overall, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 9.7% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the average price for exports to Cambodia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Singapore

In 2021, purchases abroad of multiple-walled insulating units of glass decreased by -42.7% to X square meters, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 487%. As a result, imports attained the peak of X square meters. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports fell remarkably to $X in 2021. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2019 when imports increased by 369% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Lao People's Democratic Republic (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Singapore, with a 85% share of total imports. Moreover, multiple-walled insulating glass unit imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, China (X square meters), sevenfold. The third position in this ranking was taken by Malaysia (X square meters), with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lao People's Democratic Republic stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.1% per year) and Malaysia (-22.8% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of multiple-walled insulating units of glass to Singapore, comprising 91% of total imports. The second position in the ranking was held by China ($X), with a 7.3% share of total imports. It was followed by Malaysia, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from Lao People's Democratic Republic totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.3% per year) and Malaysia (-19.3% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, picking up by 38% against the previous year. Over the period under review, the import price posted perceptible growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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