Price for Machinery; Parts of the Machinery of Heading No. 8427 in Singapore - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $12,548 per ton, growing by 4.3% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11%. The export price peaked at $17,701 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($12,142 per ton) and Vietnam ($12,142 per ton), while the average price for exports to New Zealand ($12,142 per ton) and China ($12,142 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-2.9%), while the prices for the other major destinations experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $11,671 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 5% against the previous year. Over the period under review, average import prices reached the maximum at $14,731 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 France ($22,166 per ton), while the price for China ($9,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore
Exports of machinery; parts of the machinery of heading no. 8427 from Singapore shrank to 3.4K tons in 2022, which is down by -12.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell to $42M in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 6.7%.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 12.9 | 10.0 | 10.8 | 12.3 | -1.6% |
| Australia | 6.8 | 5.6 | 5.1 | 4.6 | -12.2% |
| Malaysia | 6.2 | 5.0 | 4.7 | 4.3 | -11.5% |
| Philippines | 4.4 | 2.7 | 3.2 | 3.2 | -10.1% |
| Thailand | 5.1 | 5.7 | 5.0 | 3.1 | -15.3% |
| Belgium | 1.6 | 1.1 | 2.1 | 1.8 | 4.0% |
| South Africa | 1.8 | 1.5 | 1.3 | 1.6 | -3.9% |
| Vietnam | 2.2 | 1.5 | 1.2 | 1.4 | -14.0% |
| Taiwan (Chinese) | 1.3 | 0.9 | 1.3 | 1.1 | -5.4% |
| New Zealand | 1.2 | 1.0 | 1.2 | 1.1 | -2.9% |
| India | 0.9 | 0.8 | 2.4 | 1.0 | 3.6% |
| China | 1.2 | 1.7 | 2.1 | 1.0 | -5.9% |
| United States | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| Others | 8.6 | 5.3 | 5.4 | 5.0 | -16.5% |
| Total | 55.1 | 43.4 | 46.3 | 42.1 | -8.6% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Singapore in 2022:
- Indonesia (1012.7 tons)
- Australia (382.0 tons)
- Malaysia (354.1 tons)
- Philippines (267.3 tons)
- Thailand (253.9 tons)
- Belgium (147.8 tons)
- South Africa (128.7 tons)
- Vietnam (114.9 tons)
- New Zealand (90.0 tons)
- Taiwan (Chinese) (89.8 tons)
- India (85.4 tons)
- China (82.2 tons)
- United States (51.1 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore
In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Singapore contracted to 3.3K tons, which is down by -5.5% against 2021 figures. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 6.7% against the previous year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 declined to $38M in 2022. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5% against the previous year.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.3 | 9.4 | 10.0 | 10.0 | -1.0% |
| China | 5.9 | 3.9 | 7.9 | 5.7 | -1.1% |
| United States | 8.6 | 6.1 | 4.2 | 4.8 | -17.7% |
| Germany | 5.8 | 4.2 | 4.8 | 4.0 | -11.6% |
| France | 3.1 | 2.6 | 4.0 | 3.6 | 5.1% |
| Sri Lanka | 1.5 | 2.3 | 2.3 | 2.1 | 11.9% |
| Belgium | 1.7 | 0.7 | 0.6 | 1.5 | -4.1% |
| Sweden | 1.7 | 1.1 | 1.0 | 1.1 | -13.5% |
| Italy | 1.5 | 0.7 | 0.9 | 1.0 | -12.6% |
| Thailand | 0.2 | 0.6 | 0.2 | 0.9 | 65.1% |
| Indonesia | 0.3 | 0.1 | 0.1 | 0.7 | 32.6% |
| Others | 6.4 | 5.7 | 3.9 | 3.1 | -21.5% |
| Total | 46.9 | 37.5 | 40.0 | 38.3 | -6.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Singapore in 2022:
- Japan (872.0 tons)
- China (597.9 tons)
- United States (419.9 tons)
- Germany (352.7 tons)
- Sri Lanka (180.4 tons)
- France (160.6 tons)
- Belgium (128.1 tons)
- Sweden (100.3 tons)
- Italy (89.2 tons)
- Thailand (75.2 tons)
- Indonesia (57.2 tons)
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