Report Update Nov 1, 2024

Singapore - Natural Stone Setts, Kerbstones and Flagstones - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Singapore

In 2022, the Singaporean natural stone sett market increased by 23% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed prominent growth. Natural stone sett consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from Singapore

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were exported from Singapore; rising by 239% compared with the year before. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 862%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports surged to $X in 2022. In general, exports, however, saw a slight slump. The pace of growth was the most pronounced in 2020 with an increase of 897% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) and the Netherlands (X tons) were the main destinations of natural stone sett exports from Singapore.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +83.4%).

In value terms, Indonesia ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Singapore, comprising 87% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +108.3%.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, growing by 8.7% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of 215%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Stone Sett Imports

Imports into Singapore

In 2022, purchases abroad of natural stone setts, kerbstones and flagstones increased by 24% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 357%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports soared to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 253%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest natural stone sett supplier to Singapore, accounting for a 85% share of total imports. Moreover, natural stone sett imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+4.1% per year) and Vietnam (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Singapore, comprising 84% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by Vietnam, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+15.5% per year) and Vietnam (-0.2% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, with a decrease of -2% against the previous year. Overall, the import price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2014 an increase of 115% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural stone setts, kerbstones and flagstones in the world?

The countries with the highest volumes of in 2021 were China, Afghanistan and the United States, with a combined 33% share of global consumption. These countries were followed by India, Indonesia, Brazil, Vietnam, Mexico, Turkey, the Philippines, South Korea, Pakistan and Qatar, which together accounted for a further 28%.

What are the largest producers of natural stone setts, kerbstones and flagstones in the world?

China remains the largest natural stone sett producing country worldwide, accounting for 20% of total volume. Moreover, natural stone sett production in China exceeded the figures recorded by the second-largest producer, Pakistan, twofold. The United States ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of natural stone setts, kerbstones and flagstones to Singapore?

In value terms, China constituted the largest supplier of natural stone sett to Singapore, comprising 82% of total imports. The second position in the ranking was occupied by Vietnam, with a 5.9% share of total imports. It was followed by Indonesia, with a 2.6% share.

What is the average export price for natural stone setts, kerbstones and flagstones in Singapore?

In 2021, the average natural stone sett export price amounted to $1,374 per ton, shrinking by -62.3% against the previous year.

What is the average import price for natural stone setts, kerbstones and flagstones in Singapore?

In 2021, the average natural stone sett import price amounted to $377 per ton, picking up by 23% against the previous year.

This report provides an in-depth analysis of the natural stone sett 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 23701210 - Natural stone setts, kerbstones and flagstones (excluding of slate)

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