Report Update: Apr 1, 2024

Singapore - Tanks, Casks, Drums, Cans, Boxes And Similar Containers - Market Analysis, Forecast, Size, Trends and Insights

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Container Price in Singapore - 2022

Container Price in Singapore (CIF) - 2022

The average container import price stood at $213 per thousand units in September 2022, shrinking by -5.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 18% against the previous month. The import price peaked at $226 per thousand units in August 2022, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($369 per thousand units), while the price for Malaysia ($160 per thousand units) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Container Price in Singapore (FOB) - 2022

In September 2022, the average container export price amounted to $222 per thousand units, increasing by 7.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 34% m-o-m. As a result, the export price reached the peak level of $0.3 per unit. From July 2022 to September 2022, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($582 per thousand units), while the average price for exports to Australia ($48.0 per thousand units) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports in Singapore

In 2022, container imports into Singapore shrank modestly to 564M units, declining by -3.3% compared with 2021. Overall, imports showed a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports hit record highs at 589M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, container imports totaled $80M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Container in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	31.9	28.4	38.0	43.0	10.5%
China	13.3	8.6	15.7	10.6	-7.3%
Indonesia	0.8	4.2	6.6	7.0	106.1%
United States	6.4	6.2	3.8	3.6	-17.5%
Vietnam	3.3	2.1	2.8	2.4	-10.1%
Others	13.1	9.9	12.3	12.8	-0.8%
Total	68.8	59.5	79.2	79.6	5.0%

Top Suppliers of Container to Singapore in 2022:

Malaysia (369.4M units)
China (78.3M units)
Indonesia (43.8M units)
Vietnam (17.4M units)
United States (8.7M units)

Container Exports in Singapore

In 2022, approx. 406M units of tanks, casks, drums, cans, boxes and similar containers were exported from Singapore; rising by 22% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at 411M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, container exports rose significantly to $66M in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Export of Container in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	13.0	15.1	18.1	18.7	12.9%
Indonesia	6.8	7.8	10.5	8.1	6.0%
Cambodia	7.8	3.7	5.7	7.0	-3.5%
Japan	4.2	3.7	4.1	5.0	6.0%
South Korea	7.8	5.6	5.1	4.3	-18.0%
Thailand	4.8	4.6	3.6	3.5	-10.0%
Ireland	3.0	2.7	1.8	3.2	2.2%
Vietnam	3.4	2.0	1.6	2.3	-12.2%
Germany	0.8	0.6	0.7	1.3	17.6%
Australia	0.6	0.5	0.6	1.1	22.4%
Belgium	0.5	0.5	0.4	1.1	30.1%
Solomon Islands	0.5	1.0	0.5	0.9	21.6%
Taiwan (Chinese)	0.1	0.1	0.4	0.8	100.0%
Others	11.4	8.1	8.6	8.8	-8.3%
Total	64.7	55.8	61.8	66.2	0.8%

Top Export Markets for Container from Singapore in 2022:

Malaysia (132.4M units)
Indonesia (59.4M units)
Cambodia (48.7M units)
Ireland (28.3M units)
Thailand (22.7M units)
Japan (19.9M units)
South Korea (9.9M units)
Australia (9.0M units)
Germany (7.8M units)
Vietnam (7.6M units)
Taiwan (Chinese) (7.5M units)
Solomon Islands (6.2M units)
Belgium (6.2M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the container 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 25911100 - Tanks, casks, drums, cans... (excluding for gas) of iron or steel, . .50 l, . .300 l
Prodcom 25911200 - Tanks, casks, drums... (excluding for gas) of iron or steel, < .50 l
Prodcom 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l
Prodcom 25921210 - Aluminium collapsible tubular containers of a capacity . .300 litres, for any material except compressed or liquefied gas
Prodcom 25921240 - Casks, drums, cans, boxes and similar containers, of aluminium, for any material (other than compressed or liquefied gas), n.e.s. (other than collapsible tubular containers and containers for aerosols)
Prodcom 25921260 - Aluminium aerosol containers, with a capacity . .300 litres

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023