Singapore: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Singapore

In 2022, after three years of growth, there was significant decline in the Singaporean market for self-adhesive plastic tape in rolls of a width under 20cm, when its value decreased by -12.8% to $X. Over the period under review, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Singapore

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm fell to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 62%. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Singapore

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from Singapore contracted notably to X tons, declining by -23.9% on the previous year's figure. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm reduced to $X in 2022. Over the period under review, exports showed a slight slump. The pace of growth was the most pronounced in 2018 when exports increased by 19% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Singapore, together comprising 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) appeared to be the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Singapore worldwide, with a combined 47% share of total exports. Thailand, Australia, the Philippines, Vietnam, Hong Kong SAR, New Zealand, the United States and Germany lagged somewhat behind, together accounting for a further 39%.

Australia, with a CAGR of +20.0%, 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 export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, rising by 12% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to New Zealand ($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 Germany (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Singapore

In 2022, after two years of growth, there was significant decline in purchases abroad of self-adhesive plastic tape in rolls of a width under 20cm, when their volume decreased by -27.2% to X tons. In general, imports, however, showed notable growth. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm fell notably to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to Singapore, with a combined 60% share of total imports. Japan, South Korea, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Singapore were the United States ($X), Japan ($X) and Malaysia ($X), with a combined 66% share of total imports. China, South Korea, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, South Korea, with a CAGR of +14.5%, 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 import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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