Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (FOB) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (CIF) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($0.2 per unit), while the average price for exports to Hong Kong SAR ($0.1 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 South Korea (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, with an increase of 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
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 Japan ($0.2 per unit), while the price for Turkey ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment exported from Singapore fell to 12B units, declining by -5.1% against 2021. In general, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 25%. The exports peaked at 13B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment expanded sharply to $1.5B in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 268 | 218 | 253 | 281 | 1.6% |
| Indonesia | 189 | 199 | 275 | 280 | 14.0% |
| France | 57.8 | 62.6 | 112 | 153 | 38.3% |
| China | 100 | 75.8 | 98.0 | 129 | 8.9% |
| Thailand | 109 | 96.3 | 120 | 128 | 5.5% |
| United States | 63.0 | 50.6 | 75.6 | 83.7 | 9.9% |
| Hong Kong SAR | 138 | 95.1 | 87.1 | 82.4 | -15.8% |
| India | 38.9 | 42.7 | 58.4 | 72.9 | 23.3% |
| Japan | 41.5 | 34.6 | 34.2 | 62.7 | 14.7% |
| Philippines | 58.6 | 43.2 | 47.3 | 53.2 | -3.2% |
| Vietnam | 34.7 | 33.2 | 37.7 | 42.2 | 6.7% |
| South Korea | 33.6 | 25.9 | 23.0 | 22.1 | -13.0% |
| Others | 84.2 | 76.2 | 108 | 135 | 17.0% |
| Total | 1,216 | 1,053 | 1,331 | 1,525 | 7.8% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Singapore in 2022:
- Malaysia (2281.9M units)
- Indonesia (2197.8M units)
- France (1098.5M units)
- Thailand (1044.1M units)
- China (929.7M units)
- Hong Kong SAR (735.5M units)
- United States (634.5M units)
- India (494.0M units)
- Philippines (449.0M units)
- Japan (445.2M units)
- Vietnam (347.5M units)
- South Korea (104.0M units)
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore
In 2022, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Singapore was estimated at 12B units, stabilizing at 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked at 12B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $1.4B in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 293 | 280 | 416 | 418 | 12.6% |
| Indonesia | 170 | 181 | 236 | 295 | 20.2% |
| Malaysia | 209 | 184 | 216 | 212 | 0.5% |
| Japan | 133 | 101 | 121 | 118 | -3.9% |
| United States | 125 | 104 | 95.1 | 88.5 | -10.9% |
| Germany | 51.0 | 35.1 | 41.2 | 40.6 | -7.3% |
| South Korea | 16.0 | 18.3 | 24.9 | 28.7 | 21.5% |
| Taiwan (Chinese) | 18.0 | 21.0 | 31.5 | 25.6 | 12.5% |
| United Arab Emirates | 12.7 | 9.4 | 9.8 | 17.4 | 11.1% |
| Turkey | 4.3 | 2.2 | 9.2 | 15.6 | 53.7% |
| Others | 160 | 137 | 168 | 180 | 4.0% |
| Total | 1,193 | 1,073 | 1,369 | 1,438 | 6.4% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Singapore in 2022:
- China (3.6B units)
- Indonesia (2.5B units)
- Malaysia (2.0B units)
- Japan (0.7B units)
- United States (0.5B units)
- Turkey (0.2B units)
- United Arab Emirates (0.2B units)
- Germany (0.2B units)
- South Korea (0.2B units)
- Taiwan (Chinese) (0.1B units)
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