Singapore: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Singapore

In 2022, the Singaporean market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 33% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a pronounced shrinkage. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Singapore

In 2022, the amount of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Singapore dropped significantly to X square meters, waning by -36.8% compared with the previous year's figure. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2017 when exports increased by 145%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell rapidly to $X in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 318%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X square meters), Sri Lanka (X square meters) and Indonesia (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Singapore, with a combined 72% share of total exports. French Polynesia, New Zealand, Hong Kong SAR, Cook Islands, Brunei Darussalam, Malaysia and Thailand lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Singapore were New Zealand ($X), French Polynesia ($X) and Maldives ($X), together comprising 63% of total exports. Hong Kong SAR, Sri Lanka, Malaysia, Indonesia, Cook Islands, Brunei Darussalam and Thailand lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +46.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 28% against the previous year. Over the period under review, the export price enjoyed a measured increase. The growth pace was the most rapid in 2019 an increase of 241%. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Sri Lanka ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+201.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Singapore

In 2022, purchases abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 45% to X square meters, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X square meters) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Singapore, with a 65% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Malaysia exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was taken by Thailand (X square meters), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Thailand (+6.2% per year).

In value terms, Malaysia ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Singapore, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Indonesia, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.3% per year) and Indonesia (-11.8% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, which is down by -12.6% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +52.9% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 30%. The import price peaked at $X per square meter in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform