Singapore: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in Singapore

The Singaporean metal filing cabinet market surged to $X in 2021, picking up by 86% against the previous year. In general, consumption, however, showed a deep contraction. Metal filing cabinet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Filing Cabinet Production in Singapore

In value terms, metal filing cabinet production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, posted temperate growth. Metal filing cabinet production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Metal Filing Cabinet Exports

Exports from Singapore

In 2021, overseas shipments of filing cabinets, card-index cabinets or desk equipment of base metal increased by 14% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 68%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal filing cabinet exports reached $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of metal filing cabinet exports from Singapore, together comprising 86% of total exports. These countries were followed by Hong Kong SAR, Saudi Arabia, Taiwan (Chinese), Japan and South Korea, which together accounted for a further 7%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +69.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal filing cabinet exported from Singapore were Cambodia ($X), Malaysia ($X) and Indonesia ($X), together comprising 86% of total exports. These countries were followed by Hong Kong SAR, Saudi Arabia, Taiwan (Chinese), Japan and South Korea, which together accounted for a further 7%.

Saudi Arabia, with a CAGR of +65.8%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average metal filing cabinet export price amounted to $X per ton, shrinking by -11.7% against the previous year. Overall, the export price showed a noticeable slump. The growth pace was the most rapid in 2015 an increase of 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Malaysia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.6%), while the prices for the other major destinations experienced a decline.

Metal Filing Cabinet Imports

Imports into Singapore

In 2021, approx. X tons of filing cabinets, card-index cabinets or desk equipment of base metal were imported into Singapore; surging by 59% on the year before. In general, imports, however, showed a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal filing cabinet imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal filing cabinet supplier to Singapore, with a 62% share of total imports. Moreover, metal filing cabinet imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.3% per year) and Malaysia (-17.0% per year).

In value terms, China ($X) constituted the largest supplier of filing cabinets, card-index cabinets or desk equipment of base metal to Singapore, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports. It was followed by Malaysia, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.8% per year) and Malaysia (-15.9% per year).

Import Prices by Country

In 2021, the average metal filing cabinet import price amounted to $X per ton, growing by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per ton) and New Zealand ($X per ton), while the price for Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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