Singapore: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Singapore

The Singaporean market for non-cellular plates, sheets, film, foil and strip of plastics soared to $X in 2022, rising by 62% against the previous year. In general, consumption recorded strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Singapore

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 104%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Singapore

In 2022, exports of non-cellular plates, sheets, film, foil and strip of plastics from Singapore dropped remarkably to X tons, which is down by -75.9% compared with the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 181% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics fell notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 9.4%. Over the period under review, the exports of reached the maximum 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 exports of non-cellular plates, sheets, film, foil and strip of plastics from Singapore, accounting for a 33% share of total exports. Moreover, exports of non-cellular plates, sheets, film, foil and strip of plastics to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by Peru (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-16.5% per year) and Peru (-3.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for non-cellular plates, sheets, film, foil and strip of plastics exports from Singapore, comprising 34% of total exports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total exports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-19.0% per year) and China (-27.2% per year).

Export Prices by Country

The average export price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, waning by -17.4% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 259%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Singapore

In 2022, purchases abroad of non-cellular plates, sheets, film, foil and strip of plastics increased by 76% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 83%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics expanded notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Singapore, together comprising 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and India ($X) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Singapore, together comprising 41% of total imports. South Korea, Italy, Taiwan (Chinese), Malaysia and Indonesia lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Italy, with a CAGR of +7.5%, saw the highest rates of growth with regard to 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 import price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, reducing by -36.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2020 when the average import price increased by 103%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform