Singapore's Wire & Cable Industry Sees Price Drop, Export Surge in 2024
In 2024, Singapore's wire and cable industry witnessed significant shifts. The average import price dropped, while exports surged. Indonesia remained the top supplier, and Singapore Airlines was the primary export destination.
The average wire and cable import price in Singapore stood at $X per ton in 2024, a X% decrease from the previous year. Indonesia dominated the supply, accounting for X% of total imports.
The Singaporean market for these products shrank to $X in 2024, down by X% from the preceding year. Meanwhile, exports bucked this trend, rising by X% to reach X tons, valued at $X. This growth was largely driven by increased shipments to Singapore Airlines, which took X% of Singapore's total exports.
Wire and cable production in Singapore soared to $X in 2024, with a robust growth rate of X% in 2020. However, consumption, which peaked at $X in 2013, has since stabilized at a lower level.
Singapore Airlines emerged as a key player in Singapore's wire and cable trade, both as the main export destination and with the highest average import price at $X per ton in 2024. Major suppliers in this sector include Prysmian Group, Nexans, and Sumitomo Electric Industries. Despite market fluctuations, Singapore's wire and cable industry continues to adapt and evolve.
Read also:
- Eric Dane Diagnosed with ALS, Advocates for ACT for ALS
- Henkel rebrands its products, incorporating recycled plastic and aluminum in the makeover.
- Authorities are currently probing the factors behind the lethal Pennsylvania steel factory blast that claimed the lives of 2 individuals.
- Sustainable Production in Industrial Operations
