Singapore: Metal Advertising Sign Market 2021

Metal Advertising Sign Market Size in Singapore

After three years of growth, the Singaporean metal advertising sign market decreased by -X% to $X in 2020. Over the period under review, consumption, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Metal advertising sign consumption peaked at $X in 2019, and then fell in the following year.

Metal Advertising Sign Production in Singapore

In value terms, metal advertising sign production soared to $X in 2020 estimated in export prices. Overall, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in years to come.

Metal Advertising Sign Exports

Exports from Singapore

In 2020, the amount of metal advertising signs exported from Singapore reduced markedly to X tons, shrinking by -X% on 2019 figures. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, metal advertising sign exports declined markedly to $X in 2020. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia (X tons) was the main destination for metal advertising sign exports from Singapore, accounting for a X% share of total exports. Moreover, metal advertising sign exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was occupied by the Philippines (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and the Philippines (-X% per year).

In value terms, the largest markets for metal advertising sign exported from Singapore were Germany ($X), the U.S. ($X) and Indonesia ($X), together comprising X% of total exports. These countries were followed by Malaysia, the Philippines, the United Arab Emirates, China, Australia, Taiwan (Chinese), Maldives, Thailand, Bhutan and Cambodia, which together accounted for a further X the main countries of destination, Maldives saw 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 metal advertising sign export price stood at $X per ton in 2020, surging by X% against the previous year. Overall, export price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Singapore

In 2020, approx. X tons of metal advertising signs were imported into Singapore; surging by X% against the previous year's figure. Over the period under review, imports, however, saw a perceptible decrease. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, metal advertising sign imports amounted to $X in 2020. Overall, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of metal advertising sign imports to Singapore, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest metal advertising sign suppliers to Singapore were China ($X), Malaysia ($X) and Germany ($X), together comprising X% of total imports.

Germany recorded 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 2020, the average metal advertising sign import price amounted to $X per ton, declining by -X% against the previous year. In general, import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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