Price for Machinery; Parts of the Machinery of Heading No. 8425 in Singapore - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $21,521 per ton in 2022, picking up by 12% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $22,442 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($32,056 per ton), while the average price for exports to the United States ($10,535 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 Indonesia (+4.0%), while the prices for the other major destinations experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $14,291 per ton, dropping by -2.3% against the previous year. Overall, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 10% against the previous year. Over the period under review, average import prices hit record highs at $15,807 per ton in 2012; however, from 2013 to 2022, 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 Indonesia ($29,109 per ton), while the price for Australia ($9,197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore
Exports of machinery; parts of the machinery of heading no. 8425 from Singapore surged to 1.4K tons in 2022, jumping by 21% on the year before. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $31M in 2022. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.6 | 3.3 | 6.2 | 10.0 | 21.3% |
| Sweden | 0.1 | N/A | N/A | 5.0 | 268.4% |
| Malaysia | 4.5 | 0.9 | 1.2 | 4.4 | -0.7% |
| Brunei Darussalam | 2.2 | 1.8 | 5.6 | 4.0 | 22.1% |
| United Kingdom | 0.6 | 0.3 | 0.1 | 0.9 | 14.5% |
| China | 0.4 | 0.2 | 1.4 | 0.9 | 31.0% |
| Thailand | 0.4 | 0.2 | 1.2 | 0.5 | 7.7% |
| United States | 0.3 | 0.3 | 0.7 | 0.4 | 10.1% |
| Madagascar | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| India | 0.8 | 1.1 | 0.8 | 0.4 | -20.6% |
| South Korea | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Sri Lanka | 0.5 | 0.8 | 0.8 | 0.1 | -41.5% |
| Myanmar | N/A | 0.5 | 1.6 | N/A | 220.0% |
| Others | 6.6 | 1.8 | 2.7 | 3.6 | -18.3% |
| Total | 22.1 | 11.4 | 22.9 | 31.1 | 12.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Singapore in 2022:
- Indonesia (311.2 tons)
- Sweden (266.9 tons)
- Malaysia (239.6 tons)
- Brunei Darussalam (193.0 tons)
- United Kingdom (56.4 tons)
- China (42.7 tons)
- United States (36.9 tons)
- Madagascar (34.6 tons)
- Thailand (32.2 tons)
- South Korea (25.7 tons)
- India (20.3 tons)
- Sri Lanka (7.8 tons)
- Myanmar (1.8 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8425 were finally on the rise to reach 1.5K tons after two years of decline. Overall, imports, however, saw a abrupt setback.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 rose markedly to $21M in 2022. In general, imports, however, continue to indicate a deep reduction.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 3.9 | 5.1 | 6.7 | 37.1% |
| United States | 6.2 | 2.5 | 2.7 | 3.4 | -18.1% |
| Germany | 2.2 | 1.7 | 2.3 | 2.3 | 1.5% |
| Italy | 5.5 | 6.3 | 0.5 | 1.4 | -36.6% |
| Japan | 0.1 | 0.4 | 0.5 | 0.9 | 108.0% |
| United Kingdom | 1.1 | 1.5 | 2.0 | 0.9 | -6.5% |
| Indonesia | 0.7 | 0.1 | 0.1 | 0.8 | 4.6% |
| Malaysia | 0.9 | 0.3 | 0.6 | 0.5 | -17.8% |
| Netherlands | 1.3 | 0.9 | 0.3 | 0.5 | -27.3% |
| Finland | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Canada | 1.1 | 1.3 | 0.3 | 0.4 | -28.6% |
| Australia | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| South Korea | 5.1 | 0.4 | 0.7 | 0.2 | -66.0% |
| Others | 4.8 | 3.4 | 2.9 | 2.3 | -21.7% |
| Total | 31.9 | 22.9 | 18.5 | 21.1 | -12.9% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Singapore in 2022:
- China (698.2 tons)
- United States (191.6 tons)
- Germany (106.8 tons)
- Italy (94.0 tons)
- United Kingdom (67.2 tons)
- Australia (44.9 tons)
- Japan (35.0 tons)
- Indonesia (29.0 tons)
- Malaysia (22.7 tons)
- Finland (22.5 tons)
- Canada (22.2 tons)
- Netherlands (17.9 tons)
- South Korea (13.6 tons)
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