Report Singapore - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 28, 2022

Singapore - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Pig Iron Market 2022

Pig Iron Market Size in Singapore

In 2021, the Singaporean pig iron market increased by 6% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Pig Iron Production in Singapore

In value terms, pig iron production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a modest increase. The pace of growth was the most pronounced in 2015 with an increase of 148% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Pig Iron Exports

Exports from Singapore

In 2021, exports of pig iron and spiegeleisen from Singapore soared to X tons, jumping by 950% on the previous year. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pig iron exports surged to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for pig iron exports from Singapore, with a 93% share of total exports. Moreover, pig iron exports to Thailand exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +750.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+317.3% per year) and India (-23.4% per year).

In value terms, Thailand ($X) emerged as the key foreign market for pig iron exports from Singapore, comprising 84% of total exports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled +499.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+221.5% per year) and India (-29.0% per year).

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, with a decrease of -40% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 93%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (-5.1%), while the prices for the other major destinations experienced a decline.

Pig Iron Imports

Imports into Singapore

In 2021, imports of pig iron and spiegeleisen into Singapore surged to X tons, with an increase of 15% compared with the year before. In general, imports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pig iron imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 115% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X tons), China (X tons) and Russia (X tons) were the main suppliers of pig iron imports to Singapore, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of pig iron to Singapore, comprising 80% of total imports. The second position in the ranking was held by South Africa ($X), with a 12% share of total imports. It was followed by Russia, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-17.9% per year) and Russia (0.0% per year).

Import Prices by Country

The average pig iron import price stood at $X per ton in 2021, growing by 43% against the previous year. Overall, the import price showed a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 190% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?
+
China remains the largest pig iron consuming country worldwide, comprising approx. 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. South Korea ranked third in terms of total consumption with a 4.9% share.
What are the largest producers of pig iron and spiegeleisen in the world?
+
China constituted the country with the largest volume of pig iron production, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. South Korea ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of pig iron and spiegeleisen to Singapore?
+
In value terms, China constituted the largest supplier of pig iron to Singapore, comprising 80% of total imports. The second position in the ranking was held by South Africa, with a 12% share of total imports. It was followed by Russia, with a 5.5% share.
What are the leading importers of pig iron and spiegeleisen from Singapore?
+
In value terms, Thailand emerged as the key foreign market for pig iron exports from Singapore, comprising 84% of total exports. The second position in the ranking was held by South Africa, with a 16% share of total exports.
What is the average export price for pig iron and spiegeleisen in Singapore?
+
In 2021, the average pig iron export price amounted to $648 per ton, falling by -40% against the previous year.
What is the average import price for pig iron and spiegeleisen in Singapore?
+
The average pig iron import price stood at $2,846 per ton in 2021, growing by 43% against the previous year.

This report provides an in-depth analysis of the pig iron market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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