Singapore: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Singapore

In 2020, the Singaporean market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Singapore

In 2020, the amount of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses exported from Singapore declined sharply to X square meters, with a decrease of -X% against the year before. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X square meters in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped remarkably to $X in 2020. Overall, exports saw a tangible increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia (X square meters), the Philippines (X square meters) and South Korea (X square meters) were the main destinations of exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Singapore, together accounting for X% of total exports. These countries were followed by Australia, Indonesia, Vietnam, Thailand, the U.S., Qatar, New Zealand, Taiwan (Chinese) and Belgium, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exported from Singapore were South Korea ($X), the Philippines ($X) and Malaysia ($X), together comprising X% of total exports.

South Korea (+X% per year) saw the highest growth rate of 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 safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, jumping by X% against the previous year. Over the period under review, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per square meter), while the average price for exports to Belgium ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Singapore

In 2020, purchases abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the third consecutive year after two years of growth. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses contracted sharply to $X in 2020. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X square meters) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Singapore, with a X% share of total imports. Moreover, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), twofold. Indonesia (X square meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Indonesia (-X% per year).

In value terms, the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to Singapore were China ($X), Thailand ($X) and Poland ($X), together comprising X% of total imports.

Among the main suppliers, Poland saw 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

The average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, growing by X% against the previous year. In general, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per square meter in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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