Singapore: Metal Non-Electric Bell Market 2025

Metal Non-Electric Bell Market Size in Singapore

The Singaporean metal non-electric bell market soared to $X in 2021, increasing by 61% against the previous year. Over the period under review, consumption posted prominent growth. Metal non-electric bell consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Non-Electric Bell Production in Singapore

In value terms, metal non-electric bell production fell notably to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 838% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell notably in the following year.

Metal Non-Electric Bell Exports

Exports from Singapore

In 2021, the amount of non-electric bells and gongs of base metal exported from Singapore was estimated at X tons, picking up by 14% compared with the year before. In general, exports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal non-electric bell exports fell dramatically to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2017 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of metal non-electric bell exports from Singapore, with a combined 65% share of total exports. Hong Kong SAR, Vietnam and Malaysia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +11.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal non-electric bell exported from Singapore were the Philippines ($X), Thailand ($X) and Indonesia ($X), together comprising 65% of total exports. Hong Kong SAR, Vietnam and Malaysia lagged somewhat behind, together accounting for a further 31%.

Vietnam, with a CAGR of +11.0%, 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

The average metal non-electric bell export price stood at $X per ton in 2021, with a decrease of -35.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 54%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Thailand ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.8%), while the prices for the other major destinations experienced a decline.

Metal Non-Electric Bell Imports

Imports into Singapore

In 2021, imports of non-electric bells and gongs of base metal into Singapore surged to X tons, picking up by 38% compared with 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, metal non-electric bell imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.6% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest metal non-electric bell supplier to Singapore, with a 56% share of total imports. Moreover, metal non-electric bell imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +98.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and Austria (+3.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of non-electric bells and gongs of base metal to Singapore, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Austria, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +106.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and Austria (+3.8% per year).

Import Prices by Country

In 2021, the average metal non-electric bell import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal non-electric bell import price increased by +55.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per ton) and China ($X per ton), while the price for Austria ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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