Singapore: Metal Pickling Preparations Market 2025

Metal Pickling Preparations Market Size in Singapore

The Singaporean metal pickling preparations market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption saw a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Pickling Preparations Production in Singapore

In value terms, metal pickling preparations production fell to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports from Singapore

In 2021, the amount of pickling preparations for metal surfaces exported from Singapore dropped notably to X tons, shrinking by -18.9% against the previous year's figure. Over the period under review, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by 15%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal pickling preparations exports rose rapidly to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 16%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main destinations of metal pickling preparations exports from Singapore, together accounting for 72% of total exports. Vietnam, Thailand, Taiwan (Chinese), South Korea and the Philippines lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal pickling preparations exported from Singapore were Malaysia ($X), China ($X) and Indonesia ($X), together comprising 57% of total exports. These countries were followed by Vietnam, Thailand, South Korea, the Philippines and Taiwan (Chinese), which together accounted for a further 36%.

Among the main countries of destination, South Korea, with a CAGR of +17.8%, saw the highest growth rate of 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

The average metal pickling preparations export price stood at $X per ton in 2021, surging by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($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 Thailand (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Singapore

In 2021, imports of pickling preparations for metal surfaces into Singapore declined modestly to X tons, waning by -2.8% compared with 2020 figures. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 8.4% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. Over the period under review, imports recorded a mild curtailment. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal pickling preparations to Singapore, with a 22% share of total imports. Moreover, metal pickling preparations imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.1% per year) and Japan (-7.7% per year).

In value terms, the largest metal pickling preparations suppliers to Singapore were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 61% share of total imports. Japan, Malaysia, Thailand, Germany, France, Indonesia, Vietnam, South Korea, Italy and Australia lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Vietnam, with a CAGR of +19.3%, saw the highest growth rate of 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 metal pickling preparations import price stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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