Singapore: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Singapore

In 2022, the Singaporean loose-leaf binder metal fitting market decreased by -10.7% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption saw a abrupt downturn. Loose-leaf binder metal fitting consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Singapore

In value terms, loose-leaf binder metal fitting production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2018 when the production volume decreased by -29.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Singapore

In 2022, overseas shipments of base metal fittings for loose-leaf binders or files increased by 70% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a dramatic decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, loose-leaf binder metal fitting exports soared to $X in 2022. Overall, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of loose-leaf binder metal fitting exports from Singapore, with a combined 98% 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 the Philippines (with a CAGR of +30.3%), while the other leaders experienced a decline.

In value terms, the Philippines ($X) remains the key foreign market for base metal fittings for loose-leaf binders or files exports from Singapore, comprising 59% of total exports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total exports. It was followed by Malaysia, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-8.6% per year) and Malaysia (-27.0% per year).

Export Prices by Country

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, with an increase of 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($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 (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Singapore

For the fourth consecutive year, Singapore recorded decline in overseas purchases of base metal fittings for loose-leaf binders or files, which decreased by -29.3% to X tons in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, loose-leaf binder metal fitting imports declined notably to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 80%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of loose-leaf binder metal fitting to Singapore, accounting for a 55% share of total imports. Moreover, loose-leaf binder metal fitting imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.0% per year) and France (+79.7% per year).

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Singapore, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+84.3% per year) and Belgium (-2.3% per year).

Import Prices by Country

The average loose-leaf binder metal fitting import price stood at $X per ton in 2022, with an increase of 3.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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