Singapore: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Singapore

In 2023, the Singaporean market for drawn glass and blown glass increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a relatively flat trend pattern. Drawn glass and blown glass consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in Singapore

In value terms, drawn glass and blown glass production reduced to $X in 2023 estimated in export price. In general, production continues to indicate a mild descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Singapore

For the fourth consecutive year, Singapore recorded growth in shipments abroad of drawn glass and blown glass, which increased by X% to X square meters in 2023. Overall, exports enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, drawn glass and blown glass exports reduced modestly to $X in 2023. In general, exports showed mild growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X square meters), Indonesia (X square meters) and Gabon (X square meters) were the main destinations of drawn glass and blown glass exports from Singapore, with a combined X% share of total exports. Malaysia lagged somewhat behind, accounting for a further X%.

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

In value terms, the largest markets for drawn glass and blown glass exported from Singapore were Malaysia ($X), Brunei Darussalam ($X) and Gabon ($X), together comprising X% of total exports.

Among the main countries of destination, Malaysia, with a CAGR of X%, saw the highest growth rate of 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 export price for drawn glass and blown glass stood at $X per square meter in 2023, waning by X% against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Brunei Darussalam ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Singapore

Drawn glass and blown glass imports into Singapore surged to X square meters in 2023, with an increase of X% on 2022. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, China (X square meters) constituted the largest supplier of drawn glass and blown glass to Singapore, accounting for a X% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X square meters), eightfold.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of drawn glass and blown glass to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average import price for drawn glass and blown glass amounted to $X per square meter, increasing by X% against the previous year. In general, the import price saw a prominent increase. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform