Singapore: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Singapore

The Singaporean enamels and glazes market reduced modestly to $X in 2021, shrinking by -1.7% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.8% against 2019 indices. Enamels and glazes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Enamels And Glazes Production in Singapore

In value terms, enamels and glazes production contracted modestly to $X in 2021 estimated in export price. In general, production posted a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 54%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Enamels And Glazes Exports

Exports from Singapore

After six years of decline, overseas shipments of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 48% to X tons in 2021. In general, exports, however, continue to indicate a precipitous contraction. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, enamels and glazes exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 260% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) were the main destinations of enamels and glazes exports from Singapore.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +39.0%).

In value terms, Indonesia ($X) remains the key foreign market for vitrifiable enamels and glazes for ceramics, enamelling or glass exports from Singapore, comprising 86% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +25.6%.

Export Prices by Country

In 2021, the average enamels and glazes export price amounted to $X per ton, picking up by 44% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 432% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Enamels And Glazes Imports

Imports into Singapore

In 2021, after four years of decline, there was significant growth in overseas purchases of vitrifiable enamels and glazes for ceramics, enamelling or glass, when their volume increased by 70% to X tons. In general, imports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2016 when imports increased by 138% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, enamels and glazes imports contracted significantly to $X in 2021. Overall, imports, however, recorded a sharp setback. The growth pace was the most rapid in 2016 with an increase of 607%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest enamels and glazes supplier to Singapore, accounting for a 85% share of total imports. Moreover, enamels and glazes imports from Spain exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-26.6% per year) and the United States (-22.5% per year).

In value terms, the United States ($X) constituted the largest supplier of vitrifiable enamels and glazes for ceramics, enamelling or glass to Singapore, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Canada, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-34.5% per year) and Canada (+6.1% per year).

Import Prices by Country

In 2021, the average enamels and glazes import price amounted to $X per ton, with a decrease of -50.3% against the previous year. Overall, the import price, however, recorded strong growth. The growth pace was the most rapid in 2020 an increase of 456% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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