Singapore - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in Singapore - 2022
Contents:
- Tanker Price in Singapore (FOB) - 2022
- Tanker Price in Singapore (CIF) - 2022
- Tanker Exports in Singapore
- Tanker Imports in Singapore
Tanker Price in Singapore (FOB) - 2022
In 2022, the average tanker export price amounted to $48,213,006 per unit, reducing by -9.8% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 136%. Over the period under review, the average export prices attained the maximum at $134,773,199 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($49,867,003 per unit), while the average price for exports to Cyprus ($12,101,569 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tanker Price in Singapore (CIF) - 2022
In 2022, the average tanker import price amounted to $34,820,091 per unit, dropping by -18.3% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2020 when the average import price increased by 26% against the previous year. The import price peaked at $47,063,949 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($42,732,705 per unit), while the price for Norway ($20,569,398 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.3%), while the prices for the other major suppliers experienced a decline.
Tanker Exports in Singapore
In 2022, overseas shipments of tankers decreased by 0% to 6 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 33%. As a result, the exports reached the peak of 8 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tanker exports reduced to $289M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, the exports attained the peak of $340M, and then fell in the following year.
Export of Tanker in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | N/A | N/A | 66.9 | 0% |
Germany | N/A | N/A | N/A | 22.4 | 0% |
India | 228 | 5.5 | 19.0 | 17.5 | -57.5% |
Cyprus | N/A | 31.2 | 13.6 | 16.0 | -28.4% |
Thailand | 11.5 | 4.8 | 0.7 | N/A | -75.3% |
Indonesia | 18.6 | 32.3 | 56.6 | N/A | 74.4% |
Poland | N/A | N/A | 43.2 | N/A | 0% |
Denmark | N/A | 135 | 11.5 | N/A | -91.5% |
Others | 21.2 | 30.0 | 195 | 166 | 98.6% |
Total | 279 | 238 | 340 | 289 | 1.2% |
Top Export Markets for Tanker from Singapore in 2022:
- Cyprus (1.0 units)
- France (1.0 units)
- Germany (1.0 units)
Tanker Imports in Singapore
In 2022, purchases abroad of tankers increased by 22% to 82 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a precipitous curtailment. Imports peaked at 169 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tanker imports fell slightly to $2.9B in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 0.1% against the previous year. Imports peaked at $5.2B in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Tanker in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,551 | 859 | 1,658 | 2,042 | 9.6% |
India | 116 | 197 | 64.9 | 317 | 39.8% |
Japan | 1,421 | 615 | 144 | 317 | -39.4% |
Norway | 8.8 | N/A | 37.8 | 151 | 157.9% |
South Korea | 1,796 | 1,134 | 611 | N/A | -41.7% |
Belgium | 55.9 | N/A | N/A | N/A | 0% |
Denmark | 102 | N/A | 139 | N/A | 16.7% |
Others | 132 | 48.6 | 202 | 28.3 | -40.1% |
Total | 5,183 | 2,853 | 2,857 | 2,855 | -18.0% |
Top Suppliers of Tanker to Singapore in 2022:
- China (48.0 units)
- Japan (13.0 units)
- India (13.0 units)
- Norway (7.0 units)
This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
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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