Singapore - Plastics Pipes And Pipe Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastics Pipe and Pipe Fitting in Singapore - 2022
Contents:
- Price for Plastics Pipe and Pipe Fitting in Singapore (FOB) - 2022
- Price for Plastics Pipe and Pipe Fitting in Singapore (CIF) - 2022
- Exports of Plastics Pipe and Pipe Fitting in Singapore
- Imports of Plastics Pipe and Pipe Fitting in Singapore
Price for Plastics Pipe and Pipe Fitting in Singapore (FOB) - 2022
In 2022, the average export price for plastics pipes and pipe fittings amounted to $24,993 per ton, reducing by -16.4% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 an increase of 34%. As a result, the export price reached the peak level of $29,888 per ton, and then reduced sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($81,773 per ton), while the average price for exports to Myanmar ($1,793 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 China (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Plastics Pipe and Pipe Fitting in Singapore (CIF) - 2022
The average import price for plastics pipes and pipe fittings stood at $6,050 per ton in September 2022, surging by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The pace of growth was the most pronounced in January 2022 an increase of 34% month-to-month. The import price peaked at $6,566 per ton in July 2022; however, from August 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Austria ($45,921 per ton), while the price for Malaysia ($3,343 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Plastics Pipe and Pipe Fitting in Singapore
In 2022, exports of plastics pipes and pipe fittings from Singapore was estimated at 6.1K tons, surging by 2.5% compared with 2021 figures. In general, exports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by 9.8%.
In value terms, plastics pipe and pipe fitting exports declined to $151M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $177M, and then dropped in the following year.
Export of Plastics Pipe and Pipe Fitting in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.9 | 16.0 | 32.7 | 32.7 | 60.6% |
Japan | 28.9 | 28.4 | 53.8 | 28.7 | -0.2% |
United States | 16.6 | 26.6 | 28.7 | 25.9 | 16.0% |
Malaysia | 10.2 | 9.1 | 14.5 | 23.6 | 32.3% |
Belgium | 11.9 | 7.7 | 9.8 | 6.1 | -20.0% |
Indonesia | 7.5 | 7.3 | 7.1 | 5.8 | -8.2% |
Thailand | 3.3 | 3.1 | 3.1 | 4.2 | 8.4% |
Vietnam | 3.1 | 2.8 | 2.9 | 2.7 | -4.5% |
Taiwan (Chinese) | 1.1 | 1.3 | 1.9 | 2.3 | 27.9% |
Australia | 1.1 | 1.4 | 1.8 | 1.7 | 15.6% |
Maldives | 1.5 | 0.6 | 0.4 | 1.1 | -9.8% |
New Zealand | 0.1 | 0.1 | 1.2 | 0.5 | 71.0% |
Myanmar | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
Others | 13.4 | 15.1 | 18.5 | 15.8 | 5.6% |
Total | 107 | 120 | 177 | 151 | 12.2% |
Top Export Markets for Plastics Pipe and Pipe Fitting from Singapore in 2022:
- Malaysia (1418.8 tons)
- Indonesia (832.8 tons)
- Vietnam (621.8 tons)
- Japan (599.2 tons)
- United States (519.5 tons)
- China (399.4 tons)
- Thailand (190.6 tons)
- Australia (174.1 tons)
- Maldives (167.4 tons)
- Belgium (165.8 tons)
- Taiwan (Chinese) (124.7 tons)
- New Zealand (102.8 tons)
- Myanmar (96.4 tons)
Imports of Plastics Pipe and Pipe Fitting in Singapore
In 2022, the amount of plastics pipes and pipe fittings imported into Singapore skyrocketed to 36K tons, growing by 20% against the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, plastics pipe and pipe fitting imports skyrocketed to $156M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
Import of Plastics Pipe and Pipe Fitting in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 30.3 | 22.2 | 33.3 | 45.7 | 14.7% |
United States | 15.4 | 13.9 | 23.0 | 28.6 | 22.9% |
Germany | 6.9 | 7.5 | 12.4 | 16.9 | 34.8% |
China | 11.6 | 9.9 | 11.2 | 15.6 | 10.4% |
Austria | 3.1 | 1.7 | 3.2 | 11.3 | 53.9% |
United Kingdom | 6.6 | 6.5 | 9.6 | 7.9 | 6.2% |
Taiwan (Chinese) | 2.9 | 1.9 | 2.8 | 3.3 | 4.4% |
Others | 19.8 | 20.2 | 24.8 | 26.7 | 10.5% |
Total | 96.6 | 83.8 | 120 | 156 | 17.3% |
Top Suppliers of Plastics Pipe and Pipe Fitting to Singapore in 2022:
- Malaysia (24.7K tons)
- China (3.5K tons)
- United States (1.6K tons)
- United Kingdom (1.5K tons)
- Austria (1.0K tons)
- Germany (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
This report provides an in-depth analysis of the market for plastics pipe and pipe fitting 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 22212153 - Rigid tubes, pipes and hoses of polymers of ethylene
- Prodcom 22212155 - Rigid tubes, pipes and hoses of polymers of propylene
- Prodcom 22212157 - Rigid tubes, pipes and hoses of polymers of vinyl chloride
- Prodcom 22212170 - Rigid tubes, pipes and hoses of plastics (excluding of polymers of ethylene, of polymers of propylene, of polymers of vinyl chloride)
- Prodcom 22212970 - Fittings, e.g. joints, elbows, flanges, of plastics, for tubes, p ipes and hoses
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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