Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore - 2023
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (CIF) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (FOB) - 2022
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (CIF) - 2022
In 2022, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $13 per unit, declining by -21.8% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $31 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($45 per unit), while the price for Papua New Guinea ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (FOB) - 2022
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $20 per unit in 2022, reducing by -12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17%. As a result, the export price reached the peak level of $23 per unit, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($57 per unit), while the average price for exports to Malaysia ($7.2 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 Taiwan (Chinese) (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore
In 2022, the amount of containers for compressed or liquefied gas, of iron or steel imported into Singapore expanded markedly to 3.2M units, rising by 7.4% on 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel dropped rapidly to $41M in 2022. In general, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of $49M, and then declined significantly in the following year.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.2 | 10.5 | 20.4 | 8.5 | -5.9% |
| Malaysia | 3.2 | 2.0 | 5.3 | 8.1 | 36.3% |
| India | 2.0 | 2.1 | 2.5 | 4.2 | 28.1% |
| Japan | 1.7 | 3.5 | 4.1 | 3.0 | 20.8% |
| Indonesia | 1.3 | 1.6 | 1.0 | 2.0 | 15.4% |
| Thailand | 1.4 | 0.6 | 1.2 | 1.8 | 8.7% |
| Vietnam | 1.2 | 0.9 | 1.0 | 1.1 | -2.9% |
| Papua New Guinea | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 16.3 | 9.9 | 13.4 | 12.5 | -8.5% |
| Total | 37.2 | 31.1 | 49.0 | 41.2 | 3.5% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Singapore in 2022:
- Malaysia (1043.5K units)
- Japan (894.1K units)
- China (389.5K units)
- Indonesia (344.3K units)
- India (93.1K units)
- Thailand (84.0K units)
- Papua New Guinea (66.1K units)
- Vietnam (55.2K units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore
In 2022, approx. 1.3M units of containers for compressed or liquefied gas, of iron or steel were exported from Singapore; picking up by 5.9% on 2021. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel fell to $26M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +60.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of $28M, and then reduced in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.9 | 3.8 | 5.9 | 5.7 | 5.2% |
| United States | 0.9 | 0.3 | 3.3 | 5.3 | 80.6% |
| Indonesia | 1.7 | 2.4 | 2.7 | 3.0 | 20.8% |
| Japan | 2.8 | 3.3 | 3.4 | 2.1 | -9.1% |
| Taiwan (Chinese) | 0.1 | 0.5 | 0.7 | 1.9 | 166.8% |
| China | 1.7 | 1.3 | 1.3 | 1.3 | -8.6% |
| India | 0.2 | 0.2 | 4.1 | 0.2 | 0.0% |
| Others | 5.1 | 4.5 | 6.6 | 6.7 | 9.5% |
| Total | 17.5 | 16.3 | 28.1 | 26.2 | 14.4% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Singapore in 2022:
- Malaysia (790.5K units)
- Indonesia (128.2K units)
- United States (93.1K units)
- China (76.7K units)
- Taiwan (Chinese) (59.9K units)
- Japan (45.6K units)
- India (3.4K units)
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