Singapore: Moulds For Metal Market 2024

Moulds For Metal Market Size in Singapore

The Singaporean moulds for metal market surged to $X in 2022, jumping by 170% against the previous year. Overall, consumption saw a buoyant expansion. Moulds for metal consumption peaked in 2022 and is expected to retain growth in years to come.

Moulds For Metal Production in Singapore

In value terms, moulds for metal production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 199%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Moulds For Metal Exports

Exports from Singapore

In 2022, moulds for metal exports from Singapore contracted to X tons, waning by -5.7% on the previous year. In general, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, moulds for metal exports dropped to $X in 2022. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 7.8% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for moulds for metal exports from Singapore, accounting for a 66% share of total exports. Moreover, moulds for metal exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. China (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-6.4% per year) and China (-5.6% per year).

In value terms, Malaysia ($X), Indonesia ($X) and China ($X) appeared to be the largest markets for moulds for metal exported from Singapore worldwide, with a combined 89% share of total exports.

Malaysia, with a CAGR of -1.3%, 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 a decline.

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Singapore

In 2022, after two years of growth, there was significant decline in supplies from abroad of moulds for metals, when their volume decreased by -5% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, moulds for metal imports skyrocketed to $X in 2022. In general, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of 59%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and the United States (X tons) were the main suppliers of moulds for metal imports to Singapore, together comprising 90% of total imports. Japan, Indonesia, the UK and Hong Kong SAR lagged somewhat behind, together accounting for a further 6.3%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Japan ($X) were the largest moulds for metal suppliers to Singapore, together accounting for 72% of total imports. The United States, Indonesia, the UK and Hong Kong SAR lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, the UK, with a CAGR of +46.7%, 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

The average moulds for metal import price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 42%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform