Singapore: Plastic Support Market 2025

Plastic Support Market Size in Singapore

The Singaporean plastic support market skyrocketed to $X in 2022, growing by 18% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Plastic support consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Plastic Support Production in Singapore

In value terms, plastic support production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 30% against the previous year. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Singapore

Plastic support exports from Singapore declined to X tons in 2022, shrinking by -11.3% against 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 27%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic support exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 25%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main destinations of plastic support exports from Singapore, together comprising 68% of total exports. India, Japan, South Korea, Thailand, Vietnam and Australia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +27.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic support exported from Singapore were Malaysia ($X), Indonesia ($X) and China ($X), together accounting for 67% of total exports. Japan, India, South Korea, Thailand, Australia and Vietnam lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, India, with a CAGR of +27.8%, 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 2022, the average plastic support export price amounted to $X per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Thailand ($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 Australia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Singapore

In 2022, approx. X tons of spools, cops and similar supports of plastics were imported into Singapore; dropping by -10.3% against the year before. Overall, imports, however, posted a modest increase. The growth pace was the most rapid in 2013 when imports increased by 99% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports rose notably to $X in 2022. In general, imports, however, continue to indicate notable growth. The growth pace was the most rapid in 2013 with an increase of 92% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of plastic support imports to Singapore, together accounting for 50% of total imports. The United States, Japan, the UK, Thailand, Vietnam, Germany, Spain, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) appeared to be the largest plastic support suppliers to Singapore, together comprising 51% of total imports. Japan, the United States, Germany, the UK, Thailand, Spain, Taiwan (Chinese), Vietnam and France lagged somewhat behind, together comprising a further 42%.

Vietnam, with a CAGR of +48.7%, recorded the highest rates of growth with regard to 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

The average plastic support import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. 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 ($X per ton), while the price for Vietnam ($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 (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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