Singapore: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Singapore

The Singaporean multiple-walled insulating glass unit market expanded significantly to $X in 2022, growing by X% against the previous year. Overall, consumption showed slight growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Singapore

In value terms, multiple-walled insulating glass unit production reached $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Multiple-walled insulating glass unit production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Multiple-Walled Insulating Units Of Glass

Exports from Singapore

Multiple-walled insulating glass unit exports from Singapore reduced notably to X square meters in 2022, which is down by X% compared with 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports reduced dramatically to $X in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X square meters) was the main destination for multiple-walled insulating glass unit exports from Singapore, accounting for a X% share of total exports. It was followed by Brunei Darussalam (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and the Philippines (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average multiple-walled insulating glass unit export price amounted to $X per square meter, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per square meter in 2014; however, from 2015 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 New Zealand ($X per square meter), while the average price for exports to Brunei Darussalam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Singapore

In 2022, approx. X square meters of multiple-walled insulating units of glass were imported into Singapore; growing by X% on the previous year's figure. Overall, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Singapore, with a X% share of total imports. Moreover, multiple-walled insulating glass unit imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of multiple-walled insulating units of glass to Singapore, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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