Price for Aluminium; Tubes and Pipes in Singapore - 2022
Contents:
- Price for Aluminium; Tubes and Pipes in Singapore (CIF) - 2022
- Price for Aluminium; Tubes and Pipes in Singapore (FOB) - 2022
- Imports of Aluminium; Tubes and Pipes in Singapore
- Exports of Aluminium; Tubes and Pipes in Singapore
Price for Aluminium; Tubes and Pipes in Singapore (CIF) - 2022
The average aluminium; tubes and pipes import price stood at $7,199 per ton in 2022, surging by 22% against the previous year. Overall, the import price, however, showed a perceptible setback. The import price peaked at $10,538 per ton in 2012; however, from 2013 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 ($23,007 per ton), while the price for Myanmar ($2,193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in Singapore (FOB) - 2022
In September 2022, the average aluminium; tubes and pipes export price amounted to $29,188 per ton, surging by 48% against the previous month. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 370% m-o-m. As a result, the export price reached the peak level of $57,428 per ton. From March 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Malaysia ($30,084 per ton), while the average price for exports to Saudi Arabia ($16,484 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Tubes and Pipes in Singapore
In 2022, approx. 1.1K tons of aluminium; tubes and pipeses were imported into Singapore; shrinking by -62.1% on the year before. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. As a result, imports reached the peak of 3K tons, and then declined sharply in the following year.
In value terms, aluminium; tubes and pipes imports plummeted to $8.3M in 2022. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 43%.
| Import of Aluminium; Tubes and Pipes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 1.6 | 0.7 | 3.5 | 39.1% |
| China | 2.7 | 2.0 | 7.9 | 3.3 | 6.9% |
| Myanmar | N/A | N/A | N/A | 0.3 | 0% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.1 | 0.3 | -15.7% |
| Malaysia | 13.5 | 7.5 | 4.3 | 0.3 | -71.9% |
| Germany | 0.1 | N/A | 4.3 | 0.2 | 26.0% |
| Others | 1.0 | 1.0 | 0.5 | 0.3 | -33.1% |
| Total | 19.0 | 12.5 | 17.9 | 8.3 | -24.1% |
Top Suppliers of Aluminium; Tubes and Pipes to Singapore in 2022:
- China (718.5 tons)
- United States (152.0 tons)
- Myanmar (120.2 tons)
- Malaysia (64.3 tons)
- Taiwan (Chinese) (38.4 tons)
- Germany (25.6 tons)
Exports of Aluminium; Tubes and Pipes in Singapore
In 2022, the amount of aluminium; tubes and pipeses exported from Singapore reduced markedly to 853 tons, with a decrease of -18.4% against the previous year. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. As a result, the exports attained the peak of 1K tons, and then reduced dramatically in the following year.
In value terms, aluminium; tubes and pipes exports fell to $7.5M in 2022. Over the period under review, exports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. As a result, the exports reached the peak of $8.4M, and then reduced in the following year.
| Export of Aluminium; Tubes and Pipes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3,359 | 2,545 | 3,321 | 6,050 | 21.7% |
| Indonesia | 1,514 | 168 | 629 | 460 | -32.8% |
| Vietnam | 103 | 135 | 331 | 254 | 35.1% |
| United States | 130 | 62.7 | 19.0 | 237 | 22.2% |
| United Arab Emirates | N/A | N/A | N/A | 202 | 0% |
| Thailand | 310 | 23.5 | 43.7 | 14.9 | -63.6% |
| Others | 1,161 | 293 | 4,020 | 258 | -39.4% |
| Total | 6,578 | 3,228 | 8,363 | 7,475 | 4.4% |
Top Export Markets for Aluminium; Tubes and Pipes from Singapore in 2022:
- Malaysia (640.9 tons)
- Indonesia (88.8 tons)
- Vietnam (50.9 tons)
- United Arab Emirates (30.5 tons)
- United States (12.9 tons)
- Thailand (4.4 tons)
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