Price for Containers for Compressed or Liquefied Gas, of Aluminium in Singapore - 2023

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Aluminium in Singapore (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Aluminium in Singapore (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Aluminium in Singapore
4. Exports of Containers for Compressed or Liquefied Gas, of Aluminium in Singapore

Price for Containers for Compressed or Liquefied Gas, of Aluminium in Singapore (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of aluminium stood at $56 per unit in 2022, jumping by 28% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($56 per unit) and Malaysia ($56 per unit), while the price for Thailand ($56 per unit) and the UK ($56 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Aluminium in Singapore (FOB) - 2022

The average export price for containers for compressed or liquefied gas, of aluminium stood at $20 per unit in 2022, shrinking by -7.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 4.7% against the previous year. As a result, the export price attained the peak level of $25 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($20 per unit) and South Korea ($20 per unit), while the average price for exports to Qatar ($20 per unit) and Indonesia ($20 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 South Korea (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Containers for Compressed or Liquefied Gas, of Aluminium in Singapore

After two years of decline, overseas purchases of containers for compressed or liquefied gas, of aluminium increased by 48% to 132K units in 2022. Overall, imports, however, continue to indicate a abrupt setback. Over the period under review, imports of hit record highs at 246K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of containers for compressed or liquefied gas, of aluminium skyrocketed to $7.4M in 2022. In general, imports continue to indicate a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Aluminium to Singapore in 2022:

1. United States (72.3K units)
2. Taiwan (Chinese) (23.6K units)
3. Germany (9.7K units)
4. United Kingdom (8.3K units)
5. China (7.3K units)
6. France (3.8K units)
7. Thailand (0.1K units)

Exports of Containers for Compressed or Liquefied Gas, of Aluminium in Singapore

In 2022, after two years of decline, there was significant growth in shipments abroad of containers for compressed or liquefied gas, of aluminium, when their volume increased by 109% to 281K units. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of containers for compressed or liquefied gas, of aluminium soared to $5.6M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Aluminium from Singapore in 2022:

1. Japan (67.6K units)
2. Malaysia (54.4K units)
3. Philippines (17.4K units)
4. United States (16.5K units)
5. Cambodia (13.6K units)
6. Germany (11.6K units)
7. South Korea (11.5K units)
8. Myanmar (10.2K units)
9. Qatar (9.2K units)
10. Indonesia (8.4K units)
11. India (7.2K units)
12. Thailand (7.1K units)
13. Vietnam (6.3K units)

Source: IndexBox Market Intelligence Platform