Singapore: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Singapore

For the third consecutive year, the Singaporean articles of zinc market recorded growth in sales value, which increased by X% to $X in 2023. Overall, the total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Articles Of Zinc Production in Singapore

In value terms, articles of zinc production expanded rapidly to $X in 2023 estimated in export price. Overall, production showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Articles of zinc production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Articles Of Zinc Exports

Exports from Singapore

In 2023, overseas shipments of articles of zinc decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, articles of zinc exports declined remarkably to $X in 2023. Overall, exports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of articles of zinc exports from Singapore, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for articles of zinc exported from Singapore worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of zinc export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, articles of zinc export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Singapore

Articles of zinc imports into Singapore shrank remarkably to X tons in 2023, with a decrease of X% on the year before. In general, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, articles of zinc imports reduced rapidly to $X in 2023. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest articles of zinc supplier to Singapore, accounting for a X% share of total imports. Moreover, articles of zinc imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, the largest articles of zinc suppliers to Singapore were Malaysia ($X), China ($X) and Indonesia ($X), with a combined X% share of total imports. Italy, Thailand, the United Arab Emirates, Germany, the UK, the United States and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, 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 articles of zinc import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform