Singapore: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Singapore

The Singaporean market for prefabricated buildings of plastics, concrete or aluminium dropped slightly to $X in 2021, almost unchanged from the previous year. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Singapore

In value terms, production of prefabricated buildings of plastics, concrete or aluminium expanded markedly to $X in 2021 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,558%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Singapore

In 2021, shipments abroad of prefabricated buildings of plastics, concrete or aluminium was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 2,675%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 2,773%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Russia (X tons) and Australia (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from Singapore, together accounting for 23% of total exports. These countries were followed by Indonesia, China, Taiwan (Chinese), Bangladesh, the United Arab Emirates, Brazil, South Africa, Belgium, Papua New Guinea and Tanzania, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prefabricated buildings of plastics, concrete or aluminium exported from Singapore were Russia ($X), Australia ($X) and Indonesia ($X), with a combined 23% share of total exports. Taiwan (Chinese), Bangladesh, China, Malaysia, the United Arab Emirates, Brazil, Belgium, South Africa, Papua New Guinea and Tanzania lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Belgium, with a CAGR of +26.8%, 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

In 2021, the average export price for prefabricated buildings of plastics, concrete or aluminium amounted to $X per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 37%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Tanzania ($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 Australia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Singapore

In 2021, purchases abroad of prefabricated buildings of plastics, concrete or aluminium decreased by -16% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 52%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium reduced slightly to $X in 2021. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 48%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Singapore, accounting for a 65% share of total imports. Moreover, imports of prefabricated buildings of plastics, concrete or aluminium from Turkey exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.9% per year) and China (-18.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Singapore, comprising 59% of total imports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.4% per year) and China (-20.6% per year).

Import Prices by Country

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, growing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 55%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform