Singapore: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Singapore

The Singaporean market for equipment for scaffolding, shuttering, propping or pit propping skyrocketed to $X in 2021, jumping by 330% 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, however, continues to indicate a relatively flat trend pattern. Scaffolding, shuttering, and propping equipment consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Singapore

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -56.2% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons), Germany (X tons) and Indonesia (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Singapore, with a combined 33% share of total exports. These countries were followed by Thailand, Maldives, the Philippines, Malaysia, Myanmar, Qatar, Australia, Hong Kong SAR, Bangladesh and Austria, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +78.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Singapore were Germany ($X), the Philippines ($X) and Maldives ($X), with a combined 31% share of total exports. These countries were followed by Indonesia, Myanmar, Sri Lanka, Hong Kong SAR, Thailand, Bangladesh, Australia, Austria, Malaysia and Qatar, which together accounted for a further 42%.

Among the main countries of destination, Austria, with a CAGR of +51.8%, 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 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, surging by 3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Sri Lanka ($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 Myanmar (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Singapore

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping imported into Singapore skyrocketed to X tons, picking up by 224% against the previous year's figure. In general, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Overall, imports, however, recorded a deep downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Singapore, accounting for a 79% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. The third position in this ranking was held by Austria (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+33.9% per year) and Austria (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Singapore, comprising 51% of total imports. The second position in the ranking was taken by Australia ($X), with an 11% share of total imports. It was followed by Austria, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+37.0% per year) and Austria (+15.6% per year).

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, growing by 5% against the previous year. Overall, the import price, however, saw a deep slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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