Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore - 2023
Contents:
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (CIF) - 2022
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (FOB) - 2022
- Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore
- Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (CIF) - 2022
In 2022, the average import price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $181 per unit, dropping by -8.6% against the previous year. Overall, the import price faced a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 68%. Over the period under review, average import prices hit record highs at $1,012 per unit in 2016; however, from 2017 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 Malaysia ($476 per unit), while the price for China ($74 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.9%), while the prices for the other major suppliers experienced a decline.
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (FOB) - 2022
The average export price for casting machines; of a kind used in metallurgy or in metal foundrieses stood at $4,690 per unit in 2022, declining by -16.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 114% against the previous year. As a result, the export price reached the peak level of $5,632 per unit, and then fell sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($11,085 per unit), while the average price for exports to Israel ($107 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 the United States (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore
Imports of casting machines; of a kind used in metallurgy or in metal foundrieses into Singapore skyrocketed to 47K units in 2022, rising by 46% compared with 2021 figures. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 209%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $8.5M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.1 | 151 | 4,302 | 5,253 | 851.4% |
| China | 294 | 618 | 1,897 | 2,285 | 98.1% |
| Malaysia | 0.3 | 4.7 | 21.3 | 496 | 1082.5% |
| Indonesia | N/A | 0.5 | 18.6 | 115 | 1416.6% |
| Taiwan (Chinese) | 814 | 9.2 | 18.9 | 14.4 | -73.9% |
| Others | 664 | 1,951 | 117 | 347 | -19.5% |
| Total | 1,778 | 2,733 | 6,374 | 8,510 | 68.5% |
Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to Singapore in 2022:
- China (30.7K units)
- Japan (12.8K units)
- Indonesia (1.4K units)
- Malaysia (1.0K units)
- Taiwan (Chinese) (0.2K units)
Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore
Exports of casting machines; of a kind used in metallurgy or in metal foundrieses from Singapore amounted to 1.3K units in 2022, growing by 3.6% against 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 314%. As a result, the exports reached the peak of 2.5K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses fell to $5.9M in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 107%. The exports peaked at $6.9M in 2021, and then shrank in the following year.
| Export of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.5 | 3.2 | 5.8 | 5.2 | 27.7% |
| Malaysia | 0.1 | 2.6 | 0.5 | 0.7 | 91.3% |
| Others | 0.5 | 0.7 | 0.6 | 0.1 | -41.5% |
| Total | 3.1 | 6.5 | 6.9 | 5.9 | 23.9% |
Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from Singapore in 2022:
- Malaysia (766.0 units)
- Indonesia (467.0 units)
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