Singapore: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2025

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Singapore

The Singaporean market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced dramatically to $X in 2022, with a decrease of -52.1% against the previous year. Overall, consumption recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Singapore

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 49% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from Singapore

In 2022, approx. X tons of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment were exported from Singapore; with an increase of 45% against 2021. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 66%. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment dropped to $X in 2022. Overall, exports, however, recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 137% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Singapore, accounting for a 58% share of total exports. Moreover, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to India exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-22.2% per year) and Japan (-3.3% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Singapore, comprising 50% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-22.5% per year) and India (-17.1% per year).

Export Prices by Country

In 2022, the average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, which is down by -34.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 72%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to India ($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 Indonesia (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into Singapore

After two years of growth, supplies from abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -79.1% to X tons in 2022. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 291%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment shrank notably to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 203%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier to Singapore, accounting for a 46% share of total imports. Moreover, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from France exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-1.9% per year) and South Korea (+39.4% per year).

In value terms, the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment suppliers to Singapore were France ($X), South Korea ($X) and the United States ($X), together accounting for 74% of total imports.

South Korea, with a CAGR of +46.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, increasing by 91% against the previous year. In general, the import price saw a temperate expansion. The growth pace was the most rapid in 2020 an increase of 152%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :