Singapore: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Singapore

The Singaporean market for boards, sheets, panels, or tiles of gypsum or plaster soared to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Singapore

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster shrank to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from Singapore

In 2022, after three years of growth, there was significant decline in shipments abroad of boards, sheets, panels, or tiles of gypsum or plaster, when their volume decreased by X% to X square meters. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X square meters in 2021, and then shrank notably in the following year.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster dropped markedly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Australia (X square meters), Malaysia (X square meters) and Sri Lanka (X square meters) were the main destinations of exports of boards, sheets, panels, or tiles of gypsum or plaster 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 Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for boards, sheets, panels, or tiles of gypsum or plaster exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The average export price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 Australia ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into Singapore

Imports of boards, sheets, panels, or tiles of gypsum or plaster into Singapore soared to X square meters in 2022, increasing by X% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports of hit record highs at X square meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X square meters) constituted the largest supplier of board, sheet, panel, tile and similar article of plaster to Singapore, accounting for a X% share of total imports. Moreover, imports of boards, sheets, panels, or tiles of gypsum or plaster from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), threefold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and China (X% per year).

In value terms, the largest board, sheet, panel, tile and similar article of plaster suppliers to Singapore were Thailand ($X), China ($X) and Malaysia ($X), together accounting for X% of total imports. France, Indonesia, the United States, Taiwan (Chinese), Oman and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, France, with a CAGR of X%, recorded 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

In 2022, the average import price for boards, sheets, panels, or tiles of gypsum or plaster amounted to $X per square meter, waning by X% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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