Singapore: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Singapore

In 2021, the Singaporean graphite non-electrical articles market decreased by -12% to $X, falling for the third consecutive year after five years of growth. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Graphite Non-Electrical Articles Production in Singapore

In value terms, graphite non-electrical articles production declined significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 564%. Over the period under review, production attained the maximum level at $X in 2020, and then fell rapidly in the following year.

Graphite Non-Electrical Articles Exports

Exports from Singapore

In 2021, exports of non-electrical articles of graphite or other carbon from Singapore soared to X tons, picking up by 42% compared with the previous year. Overall, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 184%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, graphite non-electrical articles exports surged to $X in 2021. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 248% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of graphite non-electrical articles exports from Singapore, together accounting for 45% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +181.1%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Indonesia ($X) and Vietnam ($X) appeared to be the largest markets for graphite non-electrical articles exported from Singapore worldwide, with a combined 64% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +166.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average graphite non-electrical articles export price amounted to $X per ton, picking up by 3.2% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Non-Electrical Articles Imports

Imports into Singapore

In 2021, the amount of non-electrical articles of graphite or other carbon imported into Singapore surged to X tons, picking up by 40% on the year before. In general, imports continue to indicate modest growth. The pace of growth was the most pronounced in 2017 when imports increased by 81%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports skyrocketed to $X in 2021. Over the period under review, imports posted temperate growth. The pace of growth appeared the most rapid in 2017 when imports increased by 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest graphite non-electrical articles supplier to Singapore, with a 37% share of total imports. Moreover, graphite non-electrical articles imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and the UK (+3.2% per year).

In value terms, Japan ($X), Germany ($X) and the United States ($X) constituted the largest graphite non-electrical articles suppliers to Singapore, together comprising 64% of total imports. China, the Netherlands, the UK and Malaysia lagged somewhat behind, together accounting for a further 27%.

China, with a CAGR of +38.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average graphite non-electrical articles import price stood at $X per ton in 2021, which is down by -14.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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