Singapore: Copper Screw Market 2025

Copper Screw Market Size in Singapore

The Singaporean copper screw market soared to $X in 2021, with an increase of 167% against the previous year. Overall, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Copper Screw Production in Singapore

In value terms, copper screw production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a dramatic descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 215%. Copper screw production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Copper Screw Exports

Exports from Singapore

In 2021, shipments abroad of copper screws, bolts and nuts was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, copper screw exports surged to $X in 2021. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main destinations of copper screw exports from Singapore, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for copper screws, bolts and nuts exports from Singapore, comprising 50% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+4.0% per year) and the United Arab Emirates (+38.8% per year).

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, surging by 38% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Singapore

In 2021, copper screw imports into Singapore soared to X tons, increasing by 48% compared with the previous year. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper screw imports surged to $X in 2021. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of copper screw imports to Singapore, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +67.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to Singapore, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Indonesia, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.1% per year) and Indonesia (+37.4% per year).

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, with an increase of 17% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 73%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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