Singapore: Zinc Powder Market 2024

Zinc Powder Market Size in Singapore

The Singaporean zinc powder market declined rapidly to $X in 2022, waning 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). Over the period under review, consumption, however, continues to indicate a remarkable increase. Zinc powder consumption peaked at $X in 2021, and then shrank notably in the following year.

Zinc Powder Exports

Exports from Singapore

After two years of growth, shipments abroad of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) decreased by X% to X tons in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc powder exports dropped markedly to $X in 2022. Overall, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for zinc powder exports from Singapore, accounting for a X% share of total exports. Moreover, zinc powder exports to South Korea exceeded the volume sent to the second major destination, the Philippines (X tons), ninefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

In value terms, South Korea ($X), the Philippines ($X) and Germany ($X) appeared to be the largest markets for zinc powder exported from Singapore worldwide, together comprising X% of total exports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 powder export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Indonesia ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

Zinc Powder Imports

Imports into Singapore

In 2022, approx. X tons of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) were imported into Singapore; which is down by X% against 2021 figures. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, zinc powder imports reduced rapidly to $X in 2022. In general, total imports indicated a notable 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. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Belgium (X tons) was the main supplier of zinc powder to Singapore, accounting for a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Malaysia (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) to Singapore, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average zinc powder import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a resilient increase 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 powder import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform