Singapore: Extruded Rod Market 2022

Extruded Rod Market Size in Singapore

The Singaporean extruded rod market stood at $X in 2021, picking up by X% against the previous year. In general, consumption, however, saw a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in Singapore

In value terms, extruded rod production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Extruded rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber, which decreased by -X% to X tons in 2021. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, extruded rod exports declined to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) were the main destinations of extruded rod exports from Singapore.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of -X value terms, the largest markets for extruded rod exported from Singapore were Malaysia ($X) and Indonesia ($X terms of the main countries of destination, Malaysia, with a CAGR of -X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-X%).

Extruded Rod Imports

Imports into Singapore

In 2021, imports of extruded rods and profile shapes of cellular vulcanised rubber into Singapore dropped markedly to X tons, falling by -X% against 2020. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports declined markedly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and France (X tons) were the main suppliers of extruded rod imports to Singapore, together accounting for X% 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 +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to Singapore were France ($X), Malaysia ($X) and the United States ($X), with a combined X% share of total imports. These countries were followed by Germany, China, Thailand and Indonesia, which together accounted for a further X terms of the main suppliers, Thailand, with a CAGR of +X%, 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 extruded rod import price amounted to $X per ton, shrinking by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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