Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $14,075 per ton in 2022, reducing by -23.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 187%. The import price peaked at $34,224 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($73,681 per ton), while the price for Turkey ($7,087 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $36,327 per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2017 an increase of 39% against the previous year. The export price peaked at $41,120 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($70,623 per ton), while the average price for exports to Australia ($6,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore
For the fourth year in a row, Singapore recorded growth in purchases abroad of iron or steel; non-threaded cotters and cotter-pinses, which increased by 91% to 586 tons in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $8.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,601 | 2,043 | 2,880 | 4,677 | 9.1% |
| China | 506 | 648 | 663 | 881 | 20.3% |
| United Kingdom | 120 | 136 | 529 | 678 | 78.1% |
| Germany | 163 | 216 | 230 | 564 | 51.3% |
| Taiwan (Chinese) | 316 | 390 | 168 | 290 | -2.8% |
| France | 31.5 | 55.5 | 56.7 | 179 | 78.4% |
| Malaysia | 886 | 193 | 184 | 127 | -47.7% |
| Turkey | 3.6 | 1.0 | 1.9 | 68.4 | 166.8% |
| Others | 524 | 968 | 899 | 779 | 14.1% |
| Total | 6,151 | 4,651 | 5,612 | 8,241 | 10.2% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Singapore in 2022:
- United States (318.1 tons)
- China (119.4 tons)
- United Kingdom (61.1 tons)
- Germany (28.1 tons)
- France (12.8 tons)
- Turkey (9.7 tons)
- Malaysia (8.8 tons)
- Taiwan (Chinese) (3.9 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Singapore skyrocketed to 162 tons, growing by 49% compared with the previous year. In general, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.9% 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 +53.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses surged to $5.9M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 893 | 382 | 646 | 2,634 | 43.4% |
| Indonesia | 558 | 498 | 375 | 532 | -1.6% |
| India | 319 | 332 | 411 | 395 | 7.4% |
| Thailand | 299 | 282 | 323 | 337 | 4.1% |
| China | 320 | 352 | 494 | 252 | -7.7% |
| Vietnam | 616 | 179 | 189 | 228 | -28.2% |
| Philippines | 140 | 123 | 103 | 116 | -6.1% |
| Australia | 131 | 252 | 149 | 72.1 | -18.0% |
| Others | 826 | 872 | 839 | 1,326 | 17.1% |
| Total | 4,103 | 3,273 | 3,529 | 5,892 | 12.8% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Singapore in 2022:
- Malaysia (75.4 tons)
- Indonesia (17.3 tons)
- Vietnam (14.7 tons)
- Australia (11.6 tons)
- Thailand (10.0 tons)
- India (5.6 tons)
- China (4.2 tons)
- Philippines (2.9 tons)
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