Singapore - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Price in Singapore - 2022
Contents:
- Aluminium Price in Singapore (FOB) - 2022
- Aluminium Price in Singapore (CIF) - 2022
- Aluminium Exports in Singapore
- Aluminium Imports in Singapore
Aluminium Price in Singapore (FOB) - 2022
The average aluminium export price stood at $2,777 per ton in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($3,001 per ton) and Japan ($2,992 per ton), while the average price for exports to Belgium ($2,133 per ton) and China ($2,498 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Price in Singapore (CIF) - 2022
In 2022, the average aluminium import price amounted to $2,773 per ton, rising by 68% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($3,095 per ton), while the price for India ($1,726 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Exports in Singapore
In 2022, the amount of aluminum (unwrought, not alloyed) exported from Singapore reduced notably to 139K tons, which is down by -38.5% against the previous year's figure. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 263% against the previous year. As a result, the exports reached the peak of 226K tons, and then dropped rapidly in the following year.
In value terms, aluminium exports dropped rapidly to $386M in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 356% against the previous year. As a result, the exports reached the peak of $521M, and then fell significantly in the following year.
Export of Aluminium in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 31.1 | 8.9 | 62.5 | 96.8 | 46.0% |
Japan | N/A | 2.9 | N/A | 90.4 | 458.3% |
Thailand | 9.8 | 0.7 | 41.8 | 56.3 | 79.1% |
Taiwan (Chinese) | 14.9 | 1.4 | 15.1 | 31.5 | 28.3% |
Vietnam | 2.0 | N/A | 12.8 | 22.7 | 124.7% |
Indonesia | 4.3 | 0.2 | 15.8 | 17.2 | 58.7% |
Bangladesh | 41.7 | 10.5 | 22.7 | 16.7 | -26.3% |
Malaysia | 8.3 | 0.1 | 9.3 | 15.0 | 21.8% |
Belgium | N/A | N/A | N/A | 13.3 | 0% |
South Korea | 25.5 | 0.1 | 34.2 | 11.5 | -23.3% |
Hong Kong SAR | N/A | N/A | 2.6 | 8.4 | 223.1% |
Others | 23.7 | 89.4 | 304 | 6.1 | -36.4% |
Total | 161 | 114 | 521 | 386 | 33.8% |
Top Export Markets for Aluminium from Singapore in 2022:
- Netherlands (37.4K tons)
- Japan (30.2K tons)
- Thailand (19.0K tons)
- Taiwan (Chinese) (12.0K tons)
- Vietnam (7.9K tons)
- Belgium (6.3K tons)
- Bangladesh (5.9K tons)
- Indonesia (5.7K tons)
- Malaysia (5.4K tons)
- South Korea (3.8K tons)
- Hong Kong SAR (3.2K tons)
Aluminium Imports in Singapore
In 2022, imports of aluminum (unwrought, not alloyed) into Singapore skyrocketed to 64K tons, with an increase of 31% on 2021. Overall, imports, however, continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, imports reached the peak of 235K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, aluminium imports soared to $177M in 2022. In general, imports, however, faced a drastic downturn.
Import of Aluminium in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | N/A | N/A | N/A | 148 | 0% |
India | 171 | 353 | 74.8 | 25.7 | -46.8% |
Australia | 18.2 | 4.8 | N/A | 1.5 | -56.5% |
Malaysia | 46.3 | 4.3 | 0.3 | 0.5 | -77.9% |
Russia | 24.3 | 7.0 | 2.1 | N/A | -70.6% |
United Arab Emirates | N/A | 39.7 | 2.1 | N/A | -94.7% |
Oman | 25.8 | 1.9 | N/A | N/A | -92.6% |
Others | 35.5 | 55.9 | 0.6 | 1.0 | -69.6% |
Total | 321 | 467 | 80.0 | 177 | -18.0% |
Top Suppliers of Aluminium to Singapore in 2022:
- South Africa (47.8K tons)
- India (14.9K tons)
- Australia (0.5K tons)
- Malaysia (0.2K tons)
This report provides an in-depth analysis of the aluminium 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
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
-
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 aluminium market in Singapore.
This report provides an in-depth analysis of the aluminum market in Singapore.
This report provides an in-depth analysis of the unwrought aluminium alloys market in Singapore.
This report provides an in-depth analysis of the aluminium and titanium market in Singapore.
This report provides an in-depth analysis of the global aluminium market.
This report provides an in-depth analysis of the global aluminum market.
This report provides an in-depth analysis of the global unwrought aluminium alloys market.
This report provides an in-depth analysis of the global aluminium and titanium market.
This report provides an in-depth analysis of the aluminium market in Singapore.
This report provides an in-depth analysis of the aluminum market in Singapore.
The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
The global trade in unwrought aluminum amounted to X million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall
Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
In value terms, aluminium casks, drums, cans, boxes imports stood at $X in 2016. In general, aluminium casks, drums, cans, boxes imports continue to indicate a relatively flat trend pattern. Global...
In value terms, aluminum reservoirs, tanks and vats imports stood at $X in 2016. Overall, aluminum reservoirs, tanks and vats imports continue to indicate a slight slump. Over the period under revi...