Price for Automatic Circuit Breakers for Under 1000 V in Singapore - 2023
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Singapore (FOB) - 2022
- Price for Automatic Circuit Breakers for Under 1000 V in Singapore (CIF) - 2022
- Exports of Automatic Circuit Breakers for Under 1000 V in Singapore
- Imports of Automatic Circuit Breakers for Under 1000 V in Singapore
Price for Automatic Circuit Breakers for Under 1000 V in Singapore (FOB) - 2022
In 2022, the average export price for automatic circuit breakers for under 1000 v amounted to $31 per unit, with an increase of 128% against the previous year. Overall, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($15 per unit) and the Philippines ($14 per unit), while the average price for exports to China ($11 per unit) and Thailand ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Automatic Circuit Breakers for Under 1000 V in Singapore (CIF) - 2022
The average import price for automatic circuit breakers for under 1000 v stood at $18 per unit in 2022, rising by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($20 per unit), while the price for Indonesia ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Automatic Circuit Breakers for Under 1000 V in Singapore
After three years of growth, overseas shipments of automatic circuit breakers for under 1000 v decreased by -59.9% to 9.2M units in 2022. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. The exports peaked at 23M units in 2021, and then fell dramatically in the following year.
In value terms, exports of automatic circuit breakers for under 1000 v dropped to $288M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 76%. Over the period under review, the exports of hit record highs at $315M in 2021, and then reduced in the following year.
| Export of Automatic Circuit Breakers for Under 1000 V in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 28.4 | 31.1 | 40.1 | 43.8 | 15.5% |
| Thailand | 26.8 | 32.7 | 31.9 | 33.8 | 8.0% |
| Vietnam | 17.2 | 21.8 | 25.7 | 27.3 | 16.6% |
| Philippines | 14.3 | 10.2 | 14.9 | 20.5 | 12.8% |
| Indonesia | 9.9 | 11.0 | 20.3 | 19.0 | 24.3% |
| United Kingdom | 4.7 | 11.0 | 21.4 | 13.6 | 42.5% |
| United States | 5.6 | 13.1 | 9.4 | 13.2 | 33.1% |
| Egypt | 0.7 | 6.7 | 10.7 | 12.9 | 164.1% |
| Taiwan (Chinese) | 1.9 | 6.2 | 14.6 | 12.6 | 87.9% |
| Australia | 4.3 | 10.0 | 14.2 | 11.2 | 37.6% |
| Argentina | 0.3 | 3.4 | 8.0 | 8.4 | 203.7% |
| China | 1.4 | 5.9 | 7.0 | 7.9 | 78.0% |
| Bangladesh | 2.9 | 2.8 | 3.5 | 6.5 | 30.9% |
| Others | 37.4 | 108 | 92.7 | 57.4 | 15.3% |
| Total | 156 | 274 | 315 | 288 | 22.7% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Singapore in 2022:
- Malaysia (3.8M units)
- Thailand (3.0M units)
- Vietnam (2.2M units)
- Indonesia (1.6M units)
- Philippines (1.5M units)
- United Kingdom (1.2M units)
- United States (1.1M units)
- Australia (1.0M units)
- Taiwan (Chinese) (1.0M units)
- Egypt (0.9M units)
- China (0.7M units)
- Argentina (0.7M units)
- Bangladesh (0.5M units)
Imports of Automatic Circuit Breakers for Under 1000 V in Singapore
For the third consecutive year, Singapore recorded decline in purchases abroad of automatic circuit breakers for under 1000 v, which decreased by -28.2% to 8.8M units in 2022. Overall, imports recorded a abrupt descent. The smallest decline of -3.1% was in 2021. Imports peaked at 14M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of automatic circuit breakers for under 1000 v declined to $154M in 2022. In general, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 2.6% against the previous year. Imports peaked at $185M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Automatic Circuit Breakers for Under 1000 V in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.3 | 50.1 | 57.0 | 54.9 | 4.4% |
| Thailand | 50.0 | 41.6 | 51.3 | 40.5 | -6.8% |
| Italy | 17.0 | 16.7 | 14.0 | 22.4 | 9.6% |
| Germany | 6.6 | 8.7 | 10.9 | 8.3 | 7.9% |
| United States | 9.0 | 4.9 | 3.6 | 3.5 | -27.0% |
| India | 28.3 | 12.6 | 3.9 | 3.2 | -51.6% |
| Indonesia | 3.2 | 1.1 | 1.6 | 2.6 | -6.7% |
| France | 6.1 | 5.5 | 5.4 | 2.2 | -28.8% |
| Others | 16.5 | 21.4 | 19.1 | 16.9 | 0.8% |
| Total | 185 | 163 | 167 | 154 | -5.9% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Singapore in 2022:
- China (3.9M units)
- Thailand (2.5M units)
- Italy (1.5M units)
- Germany (0.6M units)
- India (0.3M units)
- Indonesia (0.2M units)
- United States (0.2M units)
- France (0.1M units)
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