Singapore: Prefabricated Buildings Market 2025

Prefabricated Buildings Market Size in Singapore

The Singaporean prefabricated buildings market dropped to $X in 2022, which is down by -9.6% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Prefabricated Buildings Production in Singapore

In value terms, prefabricated buildings production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,122% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Prefabricated Buildings Exports

Exports from Singapore

In 2022, shipments abroad of prefabricated buildings increased by 60% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 2,516%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, prefabricated buildings exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 2,773% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for prefabricated buildings exports from Singapore, accounting for a 47% share of total exports. Moreover, prefabricated buildings exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was held by Thailand (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.5% per year) and Thailand (+7.4% per year).

In value terms, Indonesia ($X) remains the key foreign market for prefabricated buildings exports from Singapore, comprising 47% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.9% per year) and Thailand (+10.0% per year).

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, increasing by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 the Philippines ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Singapore

In 2022, supplies from abroad of prefabricated buildings decreased by -15.1% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 52%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prefabricated buildings imports shrank remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 48%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), Indonesia (X units) and China (X units) were the main suppliers of prefabricated buildings imports to Singapore, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +27.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Indonesia ($X) and China ($X) appeared to be the largest prefabricated buildings suppliers to Singapore, together comprising 84% of total imports.

Indonesia, with a CAGR of +22.6%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average prefabricated buildings import price amounted to $X per unit, which is down by -39% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 55%. The import price peaked at $X per unit in 2021, and then dropped notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Vietnam ($X per unit), while the price for Germany ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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