Singapore: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Singapore

The Singaporean market for ceramic wares for laboratory or technical uses totaled $X in 2022, growing by 11% against the previous year. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Ceramic Wares For Laboratory Or Technical Uses in Singapore

In value terms, production of ceramic wares for laboratory or technical uses reduced notably to $X in 2022 estimated in export price. In general, production saw a abrupt descent. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Singapore

In 2022, shipments abroad of ceramic wares for laboratory or technical uses increased by 22% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 45% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ceramic wares for laboratory or technical uses soared to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 43% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of ceramic wares for laboratory or technical uses from Singapore, with a combined 68% share of total exports. South Korea, Japan, Malaysia, Hong Kong SAR and Indonesia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +41.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Malaysia ($X) were the largest markets for ceramic wares for laboratory or technical uses exported from Singapore worldwide, with a combined 61% share of total exports. Taiwan (Chinese), South Korea, Japan, Hong Kong SAR and Indonesia lagged somewhat behind, together comprising a further 29%.

Japan, with a CAGR of +42.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, increasing by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to South Korea ($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 (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Singapore

In 2022, supplies from abroad of ceramic wares for laboratory or technical uses increased by 23% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of ceramic wares for laboratory or technical uses surged to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of ceramic wares for laboratory or technical uses to Singapore, together accounting for 75% of total imports. Germany, South Korea, Taiwan (Chinese) and Denmark lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic wares for laboratory or technical uses suppliers to Singapore were Japan ($X), the United States ($X) and China ($X), with a combined 73% share of total imports. Germany, South Korea, Taiwan (Chinese) and Denmark lagged somewhat behind, together comprising a further 19%.

Denmark, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of imports, among 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 ceramic wares for laboratory or technical uses amounted to $X per ton, picking up by 3.8% against the previous year. In general, the import price, however, recorded a mild decline. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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