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Singapore - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Container Price in Singapore - 2022
Contents:
- Plastic Container Price in Singapore (CIF) - 2022
- Plastic Container Price in Singapore (FOB) - 2022
- Plastic Container Imports in Singapore
- Plastic Container Exports in Singapore
Plastic Container Price in Singapore (CIF) - 2022
In 2022, the average plastic container import price amounted to $3,808 per ton, surging by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $4,236 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($3,881 per ton) and China ($3,881 per ton), while the price for the United States ($3,558 per ton) and South Korea ($3,592 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Container Price in Singapore (FOB) - 2022
The average plastic container export price stood at $4,333 per ton in 2022, shrinking by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The export price peaked at $4,484 per ton in 2021, and then fell in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($4,345 per ton) and the Philippines ($4,345 per ton), while the average price for exports to China ($4,345 per ton) and Indonesia ($4,345 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 Hong Kong SAR (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Container Imports in Singapore
After three years of growth, purchases abroad of plastic containers decreased by -1.9% to 57K tons in 2022. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 6%.
In value terms, plastic container imports fell to $217M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 12%.
Import of Plastic Container in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 84.5 | 107 | 96.7 | 93.5 | 3.4% |
China | 20.8 | 29.8 | 32.9 | 31.8 | 15.2% |
Japan | 14.0 | 17.4 | 27.5 | 26.6 | 23.9% |
United States | 28.8 | 10.1 | 6.9 | 14.8 | -19.9% |
Indonesia | 9.6 | 11.3 | 8.5 | 9.1 | -1.8% |
Thailand | 2.9 | 6.4 | 6.5 | 6.3 | 29.5% |
Germany | 4.3 | 5.9 | 6.0 | 5.8 | 10.5% |
South Korea | 8.2 | 6.5 | 3.2 | 5.6 | -11.9% |
Philippines | 3.1 | 3.2 | 5.2 | 5.0 | 17.3% |
Taiwan (Chinese) | 3.9 | 5.3 | 3.8 | 4.0 | 0.8% |
Others | 13.8 | 13.5 | 21.1 | 14.9 | 2.6% |
Total | 194 | 217 | 218 | 217 | 3.8% |
Top Suppliers of Plastic Container to Singapore in 2022:
- Malaysia (24.4K tons)
- China (8.2K tons)
- Japan (6.9K tons)
- United States (4.2K tons)
- Indonesia (2.5K tons)
- South Korea (1.6K tons)
- Thailand (1.6K tons)
- Germany (1.5K tons)
- Philippines (1.3K tons)
- Taiwan (Chinese) (1.1K tons)
Plastic Container Exports in Singapore
In 2022, approx. 27K tons of plastic containers were exported from Singapore; falling by -9.1% compared with the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, the exports attained the peak of 29K tons, and then dropped in the following year.
In value terms, plastic container exports declined to $116M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of $132M, and then declined in the following year.
Export of Plastic Container in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 34.3 | 30.0 | 36.7 | 32.7 | -1.6% |
Indonesia | 20.6 | 18.5 | 26.3 | 23.4 | 4.3% |
United States | 17.0 | 19.1 | 21.3 | 18.9 | 3.6% |
Japan | 13.5 | 13.6 | 16.5 | 14.7 | 2.9% |
Philippines | 5.3 | 6.7 | 8.8 | 7.8 | 13.7% |
Vietnam | 1.3 | 1.8 | 3.7 | 3.3 | 36.4% |
Thailand | 1.1 | 1.0 | 3.1 | 2.7 | 34.9% |
Australia | 2.1 | 2.0 | 2.2 | 2.0 | -1.6% |
Others | 8.9 | 7.0 | 13.5 | 10.3 | 5.0% |
Total | 104 | 99.7 | 132 | 116 | 3.7% |
Top Export Markets for Plastic Container from Singapore in 2022:
- Malaysia (7.5K tons)
- Indonesia (5.4K tons)
- United States (4.4K tons)
- Japan (3.4K tons)
- Philippines (1.8K tons)
- Vietnam (0.8K tons)
- Thailand (0.6K tons)
- Australia (0.5K tons)
This report provides an in-depth analysis of the plastic container 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 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)
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
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