Singapore: Non-Agglomerated Metal Carbides Market 2024

Non-Agglomerated Metal Carbides Market Size in Singapore

After two years of growth, the Singaporean non-agglomerated metal carbides market decreased by X% to $X in 2022. Overall, consumption, however, saw a buoyant increase. Non-agglomerated metal carbides consumption peaked at $X in 2021, and then declined rapidly in the following year.

Non-Agglomerated Metal Carbides Production in Singapore

In value terms, non-agglomerated metal carbides production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Non-Agglomerated Metal Carbides Exports

Exports from Singapore

In 2022, overseas shipments of non-agglomerated metal carbides mixed together or with metallic binders increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-agglomerated metal carbides exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) were the main destinations of non-agglomerated metal carbides exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-agglomerated metal carbides exported from Singapore were Hong Kong SAR ($X), India ($X) and China ($X), together comprising X% of total exports.

Hong Kong SAR, with a CAGR of 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 2022, the average non-agglomerated metal carbides export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Agglomerated Metal Carbides Imports

Imports into Singapore

After two years of growth, supplies from abroad of non-agglomerated metal carbides mixed together or with metallic binders decreased by X% to X tons in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-agglomerated metal carbides imports reduced notably to $X in 2022. In general, imports saw a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest non-agglomerated metal carbides supplier to Singapore, accounting for a X% share of total imports. Moreover, non-agglomerated metal carbides imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of non-agglomerated metal carbides mixed together or with metallic binders to Singapore, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average non-agglomerated metal carbides import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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