Report Update Nov 1, 2024

Singapore - Gypsum Plasters - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Plaster Market 2024

Plaster Market Size in Singapore

In 2022, the Singaporean plaster market increased by 69% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plaster Exports

Exports from Singapore

Plaster exports from Singapore soared to X tons in 2022, increasing by 19% compared with the previous year. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 90% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plaster exports rose modestly to $X in 2022. Over the period under review, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2013 with an increase of 111%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Thailand (X tons) and India (X tons) were the main destinations of plaster exports from Singapore, with a combined 71% share of total exports. Indonesia, Maldives, Hong Kong SAR, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +53.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for plaster exports from Singapore, comprising 45% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+10.7% per year) and Thailand (+19.9% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, waning by -13.6% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 220% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into Singapore

After four years of decline, purchases abroad of plaster increased by 81% to X tons in 2022. Over the period under review, imports enjoyed mild growth. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, plaster imports soared to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest plaster supplier to Singapore, with a 64% share of total imports. Moreover, plaster imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.4% per year) and China (+10.7% per year).

In value terms, Malaysia ($X), China ($X) and the UK ($X) constituted the largest plaster suppliers to Singapore, with a combined 78% share of total imports. Thailand, Germany and Mexico lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Germany, with a CAGR of +13.3%, saw the highest growth rate of 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 2022, the average plaster import price amounted to $X per ton, falling by -18.8% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 69%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plaster in the world?

China remains the largest plaster consuming country worldwide, comprising approx. 25% of total volume. Moreover, plaster consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Russia, with a 5.5% share.

What are the largest producers of plaster in the world?

China constituted the country with the largest volume of plaster production, accounting for 25% of total volume. Moreover, plaster production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Turkey ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of plaster to Singapore?

In value terms, Malaysia constituted the largest supplier of plaster to Singapore, comprising 67% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by the United States, with a 9.4% share.

What are the leading importers of plaster from Singapore?

In value terms, India emerged as the key foreign market for plaster exports from Singapore, comprising 47% of total exports. The second position in the ranking was occupied by the Philippines, with a 20% share of total exports. It was followed by Tanzania, with a 20% share.

What is the average export price for plaster in Singapore?

The average plaster export price stood at $478 per ton in 2021, with an increase of 8.2% against the previous year.

What is the average import price for plaster in Singapore?

The average plaster import price stood at $247 per ton in 2021, falling by -11.1% against the previous year.

This report provides an in-depth analysis of the plaster market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23522000 - Plasters consisting of calcined gypsum or calcium sulphate (including for use in building, for use in dressing woven fabrics or surfacing paper, for use in dentistry)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023