Singapore: Zinc Alloys Market 2024

Zinc Alloys Market Size in Singapore

In 2022, the Singaporean zinc alloys market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Zinc Alloys Production in Singapore

In value terms, zinc alloys production stood at $X in 2022 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Zinc Alloys Exports

Exports from Singapore

Zinc alloys exports from Singapore reduced markedly to X tons in 2022, which is down by X% against 2021 figures. In general, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, zinc alloys exports fell notably to $X in 2022. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and Bahrain (X tons) were the main destinations of zinc alloys exports from Singapore, with a combined X% share of total exports. China and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Bahrain ($X) appeared to be the largest markets for zinc alloys exported from Singapore worldwide, with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average zinc alloys export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Alloys Imports

Imports into Singapore

In 2022, supplies from abroad of unwrought zinc alloys increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a strong increase. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, zinc alloys imports soared to $X in 2022. Overall, imports enjoyed a strong expansion. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest zinc alloys supplier to Singapore, with a X% share of total imports. Moreover, zinc alloys imports from India exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Australia (X% per year).

In value terms, India ($X) constituted the largest supplier of unwrought zinc alloys to Singapore, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average zinc alloys import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price 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, zinc alloys import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and India ($X per ton), while the price for Malaysia ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform