Singapore: Vulcanised Rubber Seal Market 2025

Vulcanised Rubber Seal Market Size in Singapore

The Singaporean vulcanised rubber seal market totaled $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vulcanised rubber seal consumption peaked in 2022 and is likely to see gradual growth in years to come.

Vulcanised Rubber Seal Production in Singapore

In value terms, vulcanised rubber seal production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 155% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports from Singapore

In 2022, overseas shipments of seals of vulcanised rubber increased by 4.4% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports rose remarkably to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for vulcanised rubber seal exports from Singapore, with a 34% share of total exports. Moreover, vulcanised rubber seal exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.7% per year) and the United States (-2.5% per year).

In value terms, the largest markets for vulcanised rubber seal exported from Singapore were Malaysia ($X), Indonesia ($X) and Thailand ($X), with a combined 48% share of total exports. The United States, China, India, South Korea, Vietnam, Hong Kong SAR, Australia, the United Arab Emirates, Taiwan (Chinese) and Myanmar lagged somewhat behind, together comprising a further 34%.

Myanmar, with a CAGR of +31.4%, saw the highest growth rate of the value of exports, among 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 vulcanised rubber seal export price stood at $X per ton in 2022, with an increase of 2.5% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 China (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Singapore

Vulcanised rubber seal imports into Singapore shrank to X tons in 2022, waning by -5.5% compared with the previous year. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 17% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports reached $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), China (X tons) and the United States (X tons) were the main suppliers of vulcanised rubber seal imports to Singapore, with a combined 52% share of total imports. Malaysia, Japan, Thailand, Taiwan (Chinese), the UK, Italy, Vietnam, India, Sweden and Germany lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Indonesia ($X) appeared to be the largest vulcanised rubber seal suppliers to Singapore, with a combined 49% share of total imports. Japan, Malaysia, Thailand, Italy, the UK, Taiwan (Chinese), Germany, Sweden, Vietnam and India lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, Vietnam, with a CAGR of +36.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level 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 Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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