Singapore: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Singapore

The Singaporean market for plastic plates, sheets, film, foil and strip declined notably to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Singapore

In 2022, shipments abroad of plastic plates, sheets, film, foil and strip decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip expanded remarkably to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Singapore, with a combined X% share of total exports. The United States, Thailand, Japan, Australia, Vietnam, South Korea, Taiwan (Chinese), India, the Philippines and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Singapore

In 2022, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Singapore; dropping by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Singapore, together comprising X% of total imports. Japan, Thailand, Indonesia, Germany, South Korea, Taiwan (Chinese), Saudi Arabia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Malaysia ($X) appeared to be the largest plastic plate, sheet, film, foil and strip suppliers to Singapore, with a combined X% share of total imports. Japan, Thailand, Germany, Indonesia, South Korea, Taiwan (Chinese), Italy and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Saudi Arabia, 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 2022, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was 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

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