Singapore: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Singapore

The Singaporean market for aluminium plates, sheets and strip of thickness over X mm soared to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Singapore

In value terms, production of aluminium plates, sheets and strip of thickness over X mm contracted slightly to $X in 2023 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Production of peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Singapore

After two years of growth, overseas shipments of aluminium plates, sheets and strip of thickness over X mm decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm dropped significantly to $X in 2023. Over the period under review, exports recorded a slight downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

India (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of aluminium plates, sheets and strip of thickness over X mm from Singapore, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), India ($X) and China ($X) constituted the largest markets for aluminium plate, sheet and strip of thickness over X mm exported from Singapore worldwide, with a combined X% share of total exports.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Singapore

In 2023, after three years of growth, there was significant decline in overseas purchases of aluminium plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm dropped sharply to $X in 2023. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2023, China (X tons) was the main aluminium plate, sheet and strip of thickness over X mm supplier to Singapore, accounting for a X% share of total imports. It was followed by South Africa (X tons), with a X% share of total imports. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium plates, sheets and strip of thickness over X mm to Singapore, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the average import price for aluminium plates, sheets and strip of thickness over X mm amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform