Singapore: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Singapore

The Singaporean market for clays for construction and industrial use contracted to $X in 2022, dropping by -5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a perceptible slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Clays For Construction and Industrial Use

Exports from Singapore

In 2022, the amount of clays for construction and industrial use exported from Singapore declined markedly to X tons, falling by -32.9% against the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 73% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of clays for construction and industrial use declined remarkably to $X in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 64%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Saudi Arabia (X tons) were the main destinations of exports of clays for construction and industrial use from Singapore, with a combined 88% 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 Saudi Arabia (with a CAGR of +140.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for clays for construction and industrial use exported from Singapore were Malaysia ($X), Thailand ($X) and Indonesia ($X), together accounting for 85% of total exports. Saudi Arabia, Myanmar and Vietnam lagged somewhat behind, together comprising a further 11%.

Saudi Arabia, with a CAGR of +125.6%, saw 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 a decline.

Export Prices by Country

The average export price for clays for construction and industrial use stood at $X per ton in 2022, which is down by -37.1% against the previous year. Overall, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 321%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Myanmar (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clays For Construction and Industrial Use

Imports into Singapore

In 2022, approx. X tons of clays for construction and industrial use were imported into Singapore; which is down by -12.8% on 2021 figures. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 63%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of clays for construction and industrial use fell slightly to $X in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of imports of clays for construction and industrial use to Singapore, together accounting for 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Malaysia ($X) constituted the largest clays for construction and industrial use suppliers to Singapore, with a combined 86% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +33.4%, recorded 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 clays for construction and industrial use stood at $X per ton in 2022, surging by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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