Singapore: Glass Ampoules Market 2024

Glass Ampoules Market Size in Singapore

The Singaporean glass ampoules market fell rapidly to $X in 2022, waning by -43.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a mild reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Glass Ampoules Exports

Exports from Singapore

In 2022, after two years of decline, there was significant growth in shipments abroad of glass ampoules for packing of goods, when their volume increased by 802% to X units. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 862%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, glass ampoules exports skyrocketed to $X in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 824% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Thailand (X units) were the main destinations of glass ampoules exports from Singapore, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +88.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass ampoules exported from Singapore were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined 98% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +86.0%, recorded the highest rates of growth with regard to 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

The average glass ampoules export price stood at $X per thousand units in 2022, dropping by -3.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum at $X per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per thousand units) and Malaysia ($X per thousand units), while the average price for exports to Thailand ($X per thousand units) and Indonesia ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+88.6%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Ampoules Imports

Imports into Singapore

In 2022, the amount of glass ampoules for packing of goods imported into Singapore declined to X units, which is down by -3.6% against the previous year's figure. Overall, imports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2014 with an increase of 133% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, glass ampoules imports fell modestly to $X in 2022. In general, imports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2014 with an increase of 135% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest glass ampoules supplier to Singapore, with a 62% share of total imports. Moreover, glass ampoules imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Egypt (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and Egypt (+5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of glass ampoules for packing of goods to Singapore, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Egypt, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Egypt (+7.6% per year).

Import Prices by Country

The average glass ampoules import price stood at $X per thousand units in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per thousand units in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per thousand units) and Taiwan (Chinese) ($X per thousand units), while the price for the UK ($X per thousand units) and Japan ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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