Singapore: Expanded Clays Market 2024

Expanded Clays Market Size in Singapore

After seven years of decline, the Singaporean expanded clays market increased by 130% to $X in 2021. Overall, consumption recorded a temperate expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Expanded Clays Exports

Exports from Singapore

In 2021, approx. X tons of exfoliated vermiculite, expanded clays and foamed slag were exported from Singapore; with an increase of 8.5% on 2020 figures. In general, exports continue to indicate a tangible expansion. The growth pace was the most rapid in 2013 when exports increased by 857% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, expanded clays exports soared to $X in 2021. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,197% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for expanded clays exports from Singapore, with a 40% share of total exports. Moreover, expanded clays exports to Indonesia exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+32.1% per year) and Malaysia (+11.4% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from Singapore, comprising 37% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+30.0% per year) and India (+16.6% per year).

Export Prices by Country

In 2021, the average expanded clays export price amounted to $X per ton, jumping by 35% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 35% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Clays Imports

Imports into Singapore

In 2021, supplies from abroad of exfoliated vermiculite, expanded clays and foamed slag increased by 122% to X tons, rising for the second consecutive year after six years of decline. Overall, imports saw measured growth. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, expanded clays imports soared to $X in 2021. Over the period under review, imports recorded slight growth. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and Italy (X tons) were the main suppliers of expanded clays imports to Singapore, with a combined 61% share of total imports. These countries were followed by Iran, South Korea, Mozambique, Malaysia, Germany, the United States and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +84.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest expanded clays suppliers to Singapore, with a combined 49% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +77.8%, 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

In 2021, the average expanded clays import price amounted to $X per ton, with an increase of 2.9% against the previous year. In general, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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