Singapore: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Singapore

The Singaporean market for boards, sheets, panels, tiles and similar articles of plaster not faced expanded sharply to $X in 2021, growing by 6.3% against the previous year. Over the period under review, consumption, however, recorded a mild descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Singapore

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced expanded markedly to $X in 2021 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,316% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Singapore

In 2021, overseas shipments of boards, sheets, panels, tiles and similar articles of plaster not faced increased by 4% to X square meters, rising for the fourth consecutive year after five years of decline. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 84%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced totaled $X in 2021. In general, exports posted a moderate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 81%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Australia (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Singapore, with a 52% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to Australia exceeded the volume sent to the second major destination, Sri Lanka (X square meters), twofold. Malaysia (X square meters) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+52.6% per year) and Malaysia (+19.7% per year).

In value terms, Australia ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster not faced exports from Singapore, comprising 52% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 22% share of total exports. It was followed by Malaysia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +71.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+51.5% per year) and Malaysia (+18.8% per year).

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Brunei Darussalam ($X per square meter) and Australia ($X per square meter), while the average price for exports to Cambodia ($X per square meter) and Sri Lanka ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+20.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Singapore

In 2021, the amount of boards, sheets, panels, tiles and similar articles of plaster not faced imported into Singapore declined to X square meters, waning by -7.1% compared with the previous year. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 6.3% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021. Overall, imports saw a abrupt descent. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X square meters), China (X square meters) and Indonesia (X square meters) were the main suppliers of imports of boards, sheets, panels, tiles and similar articles of plaster not faced to Singapore, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +69.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Indonesia ($X) appeared to be the largest board, sheet, panel, tile and similar article of plaster not faced suppliers to Singapore, with a combined 62% share of total imports.

In terms of the main suppliers, France, with a CAGR of +70.1%, saw the highest rates of growth with regard to the value of imports, 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 boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, rising by 24% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 26%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Russia ($X per square meter) and Australia ($X per square meter), while the price for South Korea ($X per square meter) and Malaysia ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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