Singapore: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Singapore

The Singaporean market for aluminium casks, drums, cans, boxes and similar containers shrank to $X in 2022, reducing by -9.8% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Singapore

In value terms, production of aluminium casks, drums, cans, boxes and similar containers declined slightly to $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 25% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Singapore

In 2022, overseas shipments of aluminium casks, drums, cans, boxes and similar containers increased by 79% to X units, rising for the second consecutive year after three years of decline. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. Overall, exports saw pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X units), Malaysia (X units) and Thailand (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from Singapore, with a combined 65% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +65.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium cask, drum, can, box and similar container exported from Singapore were Cambodia ($X), Malaysia ($X) and Thailand ($X), with a combined 65% share of total exports.

Thailand, with a CAGR of +63.9%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, rising by 16% against the previous year. Overall, the export price, however, showed a perceptible shrinkage. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Ireland ($X per unit) and Malaysia ($X per unit), while the average price for exports to Germany ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Singapore

In 2022, the amount of aluminium casks, drums, cans, boxes and similar containers imported into Singapore skyrocketed to X units, surging by 65% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), China (X units) and the United States (X units) were the main suppliers of imports of aluminium casks, drums, cans, boxes and similar containers to Singapore, with a combined 72% share of total imports. Vietnam, South Korea, Cambodia, France, Thailand, Germany, Indonesia, Saudi Arabia and Japan lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and the United States ($X) appeared to be the largest aluminium cask, drum, can, box and similar container suppliers to Singapore, with a combined 71% share of total imports. Vietnam, South Korea, Cambodia, France, Thailand, Germany, Indonesia, Saudi Arabia and Japan lagged somewhat behind, together comprising a further 25%.

South Korea, with a CAGR of +43.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform