Singapore: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Singapore

For the tenth consecutive year, the Singaporean base metal hinge market recorded growth in sales value, which increased by 8.4% to $X in 2021. The market value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 8.8%. Base metal hinge consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Base Metal Hinge Production in Singapore

In value terms, base metal hinge production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Base Metal Hinge Exports

Exports from Singapore

In 2021, shipments abroad of base metal hinges increased by 51% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a mild curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, base metal hinge exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of base metal hinge exports from Singapore, together accounting for 65% of total exports. The Philippines, Hong Kong SAR, Australia, Vietnam, the UK, Mexico, China and Japan lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +14.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal hinge exported from Singapore were the United States ($X), Malaysia ($X) and Indonesia ($X), with a combined 64% share of total exports. The Philippines, Hong Kong SAR, Australia, Vietnam, the UK, Mexico, China and Japan lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, the UK, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, reducing by -10.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Indonesia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Singapore

In 2021, the amount of base metal hinges imported into Singapore skyrocketed to X tons, increasing by 43% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2015; afterwards, it flattened through to 2021.

In value terms, base metal hinge imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal hinge to Singapore, with a 48% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.0% per year) and Malaysia (+9.3% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Singapore, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and Malaysia (+11.1% per year).

Import Prices by Country

In 2021, the average base metal hinge import price amounted to $X per ton, growing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 9.7% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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