Singapore - Cement - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCement Price in Singapore - 2022
Contents:
- Cement Price in Singapore (CIF) - 2022
- Cement Price in Singapore (FOB) - 2022
- Cement Imports in Singapore
- Cement Exports in Singapore
Cement Price in Singapore (CIF) - 2022
The average cement import price stood at $94.5 per ton in September 2022, growing by 4.7% against the previous month. Overall, import price indicated resilient growth from September 2021 to September 2022: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, cement import price increased by +84.1% against September 2021 indices. The pace of growth was the most pronounced in January 2022 an increase of 33% m-o-m. Over the period under review, average import prices reached the peak figure in September 2022.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Vietnam ($101 per ton), while the price for Japan ($93.0 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cement Price in Singapore (FOB) - 2022
In 2022, the average cement export price amounted to $525 per ton, with an increase of 167% against the previous year. Over the period under review, the export price posted a buoyant expansion. The export price peaked at $590 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($1,154 per ton), while the average price for exports to British Indian Ocean Territory ($173 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 Myanmar (+22.6%), while the prices for the other major destinations experienced a decline.
Cement Imports in Singapore
Cement imports into Singapore declined slightly to 4.3M tons in 2022, with a decrease of -3.1% against the previous year's figure. Over the period under review, imports showed a slight reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year.
In value terms, cement imports surged to $276M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
Import of Cement in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 143 | 87.8 | 126 | 140 | -0.7% |
Malaysia | 58.4 | 53.4 | 96.7 | 120 | 27.1% |
Vietnam | 10.7 | 1.3 | 8.1 | 11.0 | 0.9% |
Others | 3.7 | 4.6 | 2.3 | 5.5 | 14.1% |
Total | 216 | 147 | 233 | 276 | 8.5% |
Top Suppliers of Cement to Singapore in 2022:
- Japan (2.3M tons)
- Malaysia (1.8M tons)
- Vietnam (0.2M tons)
Cement Exports in Singapore
In 2022, shipments abroad of cement decreased by -7.5% to 11K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports attained the peak of 16K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cement exports surged to $6M in 2022. In general, exports, however, enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cement in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 650 | 1,986 | N/A | 4,613 | 92.2% |
Malaysia | 577 | 180 | 194 | 233 | -26.1% |
Indonesia | 315 | 268 | 64.4 | 225 | -10.6% |
Vietnam | 391 | 641 | 314 | 225 | -16.8% |
Australia | 57.7 | 150 | 298 | 215 | 55.0% |
British Indian Ocean Territory | N/A | 89.5 | 1,019 | 134 | 22.4% |
French Polynesia | N/A | N/A | 283 | N/A | 0% |
Marshall Islands | N/A | 689 | N/A | N/A | 0% |
Papua New Guinea | 517 | N/A | N/A | N/A | 0% |
Bangladesh | 1,482 | N/A | N/A | N/A | 0% |
Others | 666 | 282 | 267 | 373 | -17.6% |
Total | 4,657 | 4,285 | 2,440 | 6,019 | 8.9% |
Top Export Markets for Cement from Singapore in 2022:
- United Arab Emirates (6.8K tons)
- British Indian Ocean Territory (0.8K tons)
- Indonesia (0.8K tons)
- Vietnam (0.6K tons)
- Australia (0.5K tons)
- Malaysia (0.4K tons)
This report provides an in-depth analysis of the cement market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23511210 - Portland cement
- Prodcom 23511290 - Other hydraulic cements
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cement market in Singapore.
This report provides an in-depth analysis of the cement clinker market in Singapore.
This report provides an in-depth analysis of the global cement market.
This report provides an in-depth analysis of the global cement clinker market.
This report provides an in-depth analysis of the cement market in Singapore.
This report provides an in-depth analysis of the cement clinker market in Singapore.
This report provides an in-depth analysis of the global cement market.
This report provides an in-depth analysis of the global cement clinker market.
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