Singapore: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Singapore

The Singaporean threaded copper articles market totaled $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a noticeable reduction. Threaded copper articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threaded Copper Articles Production in Singapore

In value terms, threaded copper articles production dropped to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Threaded Copper Articles Exports

Exports from Singapore

In 2022, threaded copper articles exports from Singapore declined to X tons, reducing by -7.2% against 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, threaded copper articles exports surged to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 28%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Brunei Darussalam (X kg) were the main destinations of threaded copper articles exports from Singapore, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of -3.3%), while shipments for the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for threaded articles of copper exports from Singapore, comprising 81% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.6% per year) and Brunei Darussalam (-66.0% per year).

Export Prices by Country

The average threaded copper articles export price stood at $X per ton in 2022, surging by 27% against the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2013 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brunei Darussalam ($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 Malaysia (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Threaded Copper Articles Imports

Imports into Singapore

For the third year in a row, Singapore recorded decline in supplies from abroad of threaded articles of copper, which decreased by -6.8% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 137% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, threaded copper articles imports soared to $X in 2022. Over the period under review, imports showed a slight slump. The most prominent rate of growth was recorded in 2018 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of threaded copper articles imports to Singapore, together comprising 77% of total imports. Taiwan (Chinese), the United States, Japan, Germany, the UK, Thailand and Indonesia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles suppliers to Singapore were China ($X), India ($X) and the United States ($X), together comprising 56% of total imports. Malaysia, Taiwan (Chinese), Germany, Japan, the UK, Thailand and Indonesia lagged somewhat behind, together comprising a further 40%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +25.0%, recorded the highest growth rate of 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

In 2022, the average threaded copper articles import price amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 130%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+291.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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