Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Singapore - 2022

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore (FOB) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore (CIF) - 2022
3. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore
4. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $574 per unit in 2022, shrinking by -49.6% against the previous year. Overall, the export price faced a sharp setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $18,094 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,571 per unit), while the average price for exports to Hong Kong SAR ($175 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 Hong Kong SAR (-19.4%), while the prices for the other major destinations experienced a decline.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore (CIF) - 2022

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $32,206 per unit in 2022, with an increase of 37% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices reached the maximum at $43,312 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 the United States ($60,639 per unit), while the price for Indonesia ($1,433 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore

In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion from Singapore surged to 167K units, picking up by 118% against the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $96M in 2022. Over the period under review, exports, however, recorded a pronounced curtailment. The exports peaked at $107M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Singapore in 2022:

1. Hong Kong SAR (127.2K units)
2. Indonesia (27.5K units)
3. Malaysia (6.6K units)

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Singapore

For the third year in a row, Singapore recorded decline in overseas purchases of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, which decreased by -1.9% to 2.6K units in 2022. Over the period under review, imports showed a noticeable shrinkage. Imports peaked at 2.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion soared to $82M in 2022. Overall, imports recorded a mild slump. Over the period under review, imports of attained the peak figure at $87M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Singapore in 2022:

1. Germany (754.0 units)
2. Japan (692.0 units)
3. China (327.0 units)
4. United States (233.0 units)
5. United Kingdom (122.0 units)
6. Netherlands (97.0 units)
7. Indonesia (92.0 units)
8. Taiwan (Chinese) (77.0 units)

Source: IndexBox Market Intelligence Platform