Singapore: Non-Reinforced Rubber Tubing Market 2025

Non-Reinforced Rubber Tubing Market Size in Singapore

The Singaporean non-reinforced rubber tubing market skyrocketed to $X in 2021, picking up by 41% against the previous year. In general, consumption posted a noticeable increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Non-Reinforced Rubber Tubing Production in Singapore

In value terms, non-reinforced rubber tubing production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. Non-reinforced rubber tubing production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Singapore

In 2021, non-reinforced rubber tubing exports from Singapore soared to X tons, picking up by 17% against 2020 figures. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for non-reinforced rubber tubing exports from Singapore, with a 42% share of total exports. Moreover, non-reinforced rubber tubing exports to Indonesia exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-6.6% per year) and Hong Kong SAR (-1.4% per year).

In value terms, Indonesia ($X) remains the key foreign market for rubber tubing not reinforced exports from Singapore, comprising 35% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by Hong Kong SAR, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-9.7% per year) and Hong Kong SAR (-1.7% per year).

Export Prices by Country

The average non-reinforced rubber tubing export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-reinforced rubber tubing export price decreased by -22.7% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($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 India (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Singapore

After five years of decline, supplies from abroad of rubber tubing not reinforced increased by 34% to X tons in 2021. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. Over the period under review, imports, however, recorded a pronounced descent. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest non-reinforced rubber tubing supplier to Singapore, accounting for a 52% share of total imports. Moreover, non-reinforced rubber tubing imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.6% per year) and Germany (-5.7% per year).

In value terms, Malaysia ($X), China ($X) and the United States ($X) were the largest non-reinforced rubber tubing suppliers to Singapore, together accounting for 60% of total imports. These countries were followed by Indonesia, Japan, Germany, Thailand, South Korea and Belgium, which together accounted for a further 21%.

Indonesia, with a CAGR of +39.2%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, which is down by -2.4% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-reinforced rubber tubing import price decreased by -5.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :