Report Update Nov 1, 2024

Singapore - Safety Glass - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Safety Glass Market 2024

Safety Glass Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of safety glass, which decreased by -30.7% to X square meters in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports fell dramatically to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X square meters) was the main destination for safety glass exports from Singapore, accounting for a 86% share of total exports. Moreover, safety glass exports to Australia exceeded the volume sent to the second major destination, New Zealand (X square meters), twofold. The third position in this ranking was held by the United States (X square meters), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-2.1% per year) and the United States (-9.0% per year).

In value terms, China ($X), Australia ($X) and New Zealand ($X) constituted the largest markets for safety glass exported from Singapore worldwide, with a combined 48% share of total exports. Malaysia, the United States, Indonesia, Taiwan (Chinese), India, the Philippines, Thailand and Sri Lanka lagged somewhat behind, together comprising a further 32%.

Taiwan (Chinese), with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2021, rising by 68% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 135%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Australia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Singapore

In 2022, the amount of safety glass imported into Singapore contracted notably to X square meters, waning by -52.5% compared with the year before. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, safety glass imports skyrocketed to $X in 2022. Overall, imports, however, saw mild growth. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of safety glass to Singapore, with a 74% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of safety glass to Singapore, comprising 59% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.8%.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, picking up by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Malaysia ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety glass in the world?

The countries with the highest volumes of safety glass consumption in 2021 were China, the United States and Brazil, with a combined 52% share of global consumption.

What are the largest producers of safety glass in the world?

The country with the largest volume of safety glass production was China, comprising approx. 40% of total volume. Moreover, safety glass production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Brazil, with an 11% share.

What are the leading suppliers of safety glass to Singapore?

In value terms, the largest safety glass suppliers to Singapore were Malaysia, Germany and the Czech Republic, together accounting for 81% of total imports. India lagged somewhat behind, accounting for a further 2.7%.

What are the leading importers of safety glass from Singapore?

In value terms, India, Hong Kong SAR and New Zealand constituted the largest markets for safety glass exported from Singapore worldwide, with a combined 65% share of total exports.

What is the average export price for safety glass in Singapore?

The average safety glass export price stood at $61 per square meter in 2021, shrinking by -10.4% against the previous year.

What is the average import price for safety glass in Singapore?

In 2021, the average safety glass import price amounted to $45 per square meter, with an increase of 246% against the previous year.

This report provides an in-depth analysis of the safety glass market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121210 - Toughened (tempered) safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, s pacecraft, vessels and other vehicles
Prodcom 23121230 - Toughened (tempered) safety glass, n.e.c.
Prodcom 23121250 - Laminated safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, spacecraft, vessels and other vehicles
Prodcom 23121270 - Laminated safety glass, n.e.c.

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023