Singapore: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Singapore

In 2020, after two years of decline, there was significant growth in the Singaporean market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value increased by X% to $X. Over the period under review, consumption saw a mild decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Iron, steel or aluminium reservoir consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Singapore

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Singapore soared to X tons, increasing by X% on the previous year's figure. In general, total exports indicated strong growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports amounted to $X in 2020. Over the period under review, exports showed a mild contraction. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for iron, steel or aluminium reservoir exports from Singapore, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Hong Kong SAR (+X% per year).

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Singapore were Malaysia ($X), Indonesia ($X) and Japan ($X), together accounting for X% of total exports. These countries were followed by China, Australia, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, falling by -X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Singapore

Iron, steel or aluminium reservoir imports into Singapore shrank rapidly to X tons in 2020, with a decrease of -X% against the previous year. Overall, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped remarkably to $X in 2020. Over the period under review, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Japan (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Singapore, together comprising X% of total imports. Indonesia, Germany, Italy, the U.S., Canada, India and South Korea lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Singapore were Malaysia ($X), China ($X) and the U.S. ($X), together comprising X% of total imports. These countries were followed by Germany, Italy, Japan, Indonesia, Canada, South Korea and India, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, declining by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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