Singapore: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in Singapore

After two years of decline, the Singaporean porcelain tableware and kitchenware market increased by 108% to $X in 2022. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Porcelain Or China Tableware And Kitchenware in Singapore

In value terms, porcelain tableware and kitchenware production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2020 when the production volume increased by 579%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from Singapore

Porcelain tableware and kitchenware exports from Singapore shrank markedly to X tons in 2022, which is down by -56.9% against the previous year's figure. Overall, exports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 113%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, porcelain tableware and kitchenware exports dropped remarkably to $X in 2022. In general, exports saw a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 133% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for porcelain tableware and kitchenware exports from Singapore, accounting for a 48% share of total exports. Moreover, porcelain tableware and kitchenware exports to Egypt exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Indonesia (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+9.9% per year) and Indonesia (-17.0% per year).

In value terms, Egypt ($X) remains the key foreign market for porcelain or china tableware and kitchenware exports from Singapore, comprising 43% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.7% share of total exports. It was followed by Japan, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Egypt totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-13.2% per year) and Japan (+10.6% per year).

Export Prices by Country

The average porcelain tableware and kitchenware export price stood at $X per ton in 2022, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Qatar ($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 the UK (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into Singapore

In 2022, porcelain tableware and kitchenware imports into Singapore surged to X tons, with an increase of 32% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, porcelain tableware and kitchenware imports surged to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +113.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of porcelain tableware and kitchenware to Singapore, with a 60% share of total imports. Moreover, porcelain tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.1% per year) and Japan (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of porcelain or china tableware and kitchenware to Singapore, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.0% per year) and Japan (+2.0% per year).

Import Prices by Country

In 2022, the average porcelain tableware and kitchenware import price amounted to $X per ton, surging by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and China ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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