Singapore: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Singapore

The Singaporean gypsum and anhydrite market surged to $X in 2021, rising by 64% 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). In general, consumption, however, showed a relatively flat trend pattern. Gypsum and anhydrite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Gypsum And Anhydrite Exports

Exports from Singapore

In 2021, approx. X tons of gypsum and anhydrite were exported from Singapore; rising by 92% on the year before. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 101%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gypsum and anhydrite exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 139%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for gypsum and anhydrite exports from Singapore, accounting for a 65% share of total exports. Moreover, gypsum and anhydrite exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-17.3% per year) and Vietnam (+7.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for gypsum and anhydrite exports from Singapore, comprising 77% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports. It was followed by Vietnam, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-18.6% per year) and Vietnam (+12.2% per year).

Export Prices by Country

The average gypsum and anhydrite export price stood at $X per ton in 2021, shrinking by -2.7% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 67% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+22.4%), while the prices for the other major destinations experienced mixed trend patterns.

Gypsum And Anhydrite Imports

Imports into Singapore

Gypsum and anhydrite imports into Singapore surged to X tons in 2021, picking up by 64% on 2020 figures. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 563% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gypsum and anhydrite imports soared to $X in 2021. In general, imports enjoyed a slight expansion. The pace of growth appeared the most rapid in 2018 with an increase of 304% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of gypsum and anhydrite to Singapore, with a 88% share of total imports. Moreover, gypsum and anhydrite imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +358.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-22.4% per year) and Italy (+213.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of gypsum and anhydrite to Singapore, comprising 81% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports. It was followed by the United States, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled +367.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-8.5% per year) and the United States (+3.5% per year).

Import Prices by Country

In 2021, the average gypsum and anhydrite import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 77% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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