Singapore - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Singapore - 2022
Contents:
- Plastic Closure Price in Singapore (CIF) - 2022
- Plastic Closure Price in Singapore (FOB) - 2022
- Plastic Closure Imports in Singapore
- Plastic Closure Exports in Singapore
Plastic Closure Price in Singapore (CIF) - 2022
In September 2022, the average plastic closure import price amounted to $14,244 per ton, increasing by 26% against the previous month. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in June 2022 an increase of 283% against the previous month. As a result, import price reached the peak level of $28,587 per ton. From July 2022 to September 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($62,421 per ton), while the price for Turkey ($3,805 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Singapore (FOB) - 2022
The average plastic closure export price stood at $6,754 per ton in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($10,966 per ton), while the average price for exports to Thailand ($6,013 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Singapore
Plastic closure imports into Singapore contracted modestly to 8K tons in 2022, waning by -4.5% against the previous year. In general, imports saw a abrupt curtailment.
In value terms, plastic closure imports rose sharply to $62M in 2022. Over the period under review, imports showed a pronounced contraction.
Import of Plastic Closure in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.9 | 10.5 | 10.4 | 11.5 | 5.1% |
Indonesia | 15.9 | 11.5 | 8.2 | 11.1 | -11.3% |
Malaysia | 11.1 | 7.0 | 8.1 | 8.9 | -7.1% |
United States | 7.8 | 6.0 | 6.6 | 7.1 | -3.1% |
United Kingdom | 1.0 | 1.1 | 1.7 | 3.7 | 54.7% |
Germany | 4.2 | 4.5 | 2.8 | 3.5 | -5.9% |
Thailand | 3.7 | 3.2 | 2.9 | 3.4 | -2.8% |
Japan | 2.6 | 2.2 | 3.1 | 2.4 | -2.6% |
Taiwan (Chinese) | 2.2 | 1.2 | 1.5 | 1.7 | -8.2% |
France | 2.3 | 2.3 | 2.3 | 1.7 | -9.6% |
Vietnam | 0.1 | 0.4 | 0.7 | 1.1 | 122.4% |
Spain | 1.2 | 0.2 | 0.5 | 1.1 | -2.9% |
Others | 5.5 | 5.7 | 6.6 | 5.3 | -1.2% |
Total | 67.5 | 55.8 | 55.5 | 62.4 | -2.6% |
Top Suppliers of Plastic Closure to Singapore in 2022:
- Malaysia (1388.0 tons)
- Indonesia (1236.1 tons)
- China (1174.9 tons)
- United States (1049.6 tons)
- United Kingdom (550.0 tons)
- Thailand (492.1 tons)
- Japan (349.9 tons)
- Germany (302.3 tons)
- Taiwan (Chinese) (223.5 tons)
- Vietnam (220.6 tons)
- Spain (187.3 tons)
- France (175.5 tons)
Plastic Closure Exports in Singapore
For the third consecutive year, Singapore recorded decline in shipments abroad of plastic stoppers, caps and closures, which decreased by -11.4% to 4.5K tons in 2022. Overall, exports showed a abrupt decrease. The smallest decline of -6.5% was in 2021.
In value terms, plastic closure exports reached $30M in 2022. In general, exports showed a perceptible decline.
Export of Plastic Closure in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 12.1 | 7.8 | 7.4 | 7.7 | -14.0% |
Malaysia | 6.4 | 5.0 | 6.2 | 7.1 | 3.5% |
India | 3.4 | 2.5 | 2.6 | 3.1 | -3.0% |
China | 1.5 | 2.4 | 2.5 | 2.6 | 20.1% |
South Korea | 2.1 | 2.2 | 2.4 | 1.7 | -6.8% |
Japan | 0.9 | 1.1 | 1.2 | 1.3 | 13.0% |
United States | 0.9 | 0.9 | 1.2 | 1.0 | 3.6% |
Sri Lanka | 0.7 | 0.8 | 0.9 | 1.0 | 12.6% |
Australia | 0.6 | 0.8 | 0.7 | 0.8 | 10.1% |
Thailand | 0.8 | 0.5 | 0.6 | 0.8 | 0.0% |
Vietnam | 0.9 | 0.7 | 1.0 | 0.6 | -12.6% |
Philippines | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
United Kingdom | 0.8 | 0.6 | 0.5 | 0.5 | -14.5% |
Others | 3.0 | 3.9 | 2.4 | 1.7 | -17.2% |
Total | 34.6 | 29.9 | 30.1 | 30.3 | -4.3% |
Top Export Markets for Plastic Closure from Singapore in 2022:
- Malaysia (1183.0 tons)
- Indonesia (909.3 tons)
- India (511.7 tons)
- China (429.1 tons)
- South Korea (277.4 tons)
- Japan (215.5 tons)
- United States (165.5 tons)
- Sri Lanka (139.4 tons)
- Thailand (136.6 tons)
- Philippines (83.8 tons)
- Australia (71.7 tons)
- Vietnam (56.9 tons)
- United Kingdom (55.3 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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
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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
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