Singapore - Stainless Steel in Ingots or other Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel in Ingots or Other Primary Forms in Singapore - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Singapore (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Singapore (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Singapore
- Imports of Stainless Steel in Ingots or Other Primary Forms in Singapore
Price for Stainless Steel in Ingots or Other Primary Forms in Singapore (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $5,412 per ton, picking up by 161% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($12,182 per ton), while the average price for exports to Indonesia ($1,721 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 Malaysia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Singapore (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $5,302 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 109% against the previous year. The import price peaked at $6,457 per ton in 2019; however, from 2020 to 2022, 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 the United States ($11,821 per ton), while the price for South Korea ($2,752 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Stainless Steel in Ingots or Other Primary Forms in Singapore
In 2022, the amount of stainless steel in ingots or other primary forms exported from Singapore fell rapidly to 1.4K tons, dropping by -49.8% compared with the previous year. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 148% against the previous year. As a result, the exports attained the peak of 2.7K tons, and then reduced dramatically in the following year.
In value terms, exports of stainless steel in ingots or other primary forms soared to $7.4M in 2022. Overall, exports, however, posted a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of 64%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Stainless Steel in Ingots or Other Primary Forms in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 2.6 | 2.6 | 4.0 | 3.9 | 14.5% |
Thailand | N/A | 0.1 | N/A | 1.3 | 260.6% |
China | 0.2 | 0.2 | 0.1 | 1.1 | 76.5% |
Malaysia | 0.2 | 0.1 | 0.6 | 0.6 | 44.2% |
Others | 3.6 | 0.5 | 1.0 | 0.6 | -45.0% |
Total | 6.6 | 3.5 | 5.7 | 7.4 | 3.9% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Singapore in 2022:
- Indonesia (2249.1 tons)
- Thailand (292.3 tons)
- China (139.8 tons)
- Malaysia (45.5 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Singapore
For the third year in a row, Singapore recorded decline in overseas purchases of stainless steel in ingots or other primary forms, which decreased by -28.8% to 1.4K tons in 2022. In general, imports saw a dramatic curtailment. The smallest decline of -2.3% was in 2020.
In value terms, imports of stainless steel in ingots or other primary forms fell significantly to $7.4M in 2022. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.
Import of Stainless Steel in Ingots or Other Primary Forms in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 2.0 | 2.3 | 3.0 | 3.4 | 19.3% |
China | 13.1 | 3.1 | 4.0 | 1.8 | -48.4% |
United States | 1.2 | 1.4 | 0.6 | 1.6 | 10.1% |
Malaysia | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
Others | 1.7 | 1.6 | 2.5 | 0.5 | -33.5% |
Total | 18.3 | 8.8 | 10.3 | 7.4 | -26.1% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Singapore in 2022:
- Taiwan (Chinese) (887.0 tons)
- China (322.0 tons)
- United States (137.4 tons)
- Malaysia (23.5 tons)
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms 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 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 241022Z0 - Ingots, other primary forms and long semi-finished products, o f stainless steel
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
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Singapore.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Singapore.
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Singapore.
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
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