Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore (CIF) - 2022

The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $85,478 per ton in 2022, dropping by -26.5% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 10%. As a result, import price attained the peak level of $116,245 per ton, and then reduced markedly in the following year.

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 the United States ($404,614 per ton), while the price for China ($43,984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $46,711 per ton, waning by -9.1% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 13%. The export price peaked at $66,462 per ton in 2014; however, from 2015 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 China ($92,947 per ton), while the average price for exports to Hong Kong SAR ($39,114 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 China (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore

In 2022, after two years of decline, there was significant growth in purchases abroad of machine-tools; parts and accessories, for the machines of heading no. 8464, when their volume increased by 13% to 292 tons. Overall, imports, however, showed a noticeable reduction.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 fell sharply to $25M in 2022. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.4%.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Singapore in 2022:

1. China (142.3 tons)
2. Malaysia (103.1 tons)
3. United States (14.5 tons)
4. Japan (11.2 tons)
5. Taiwan (Chinese) (6.4 tons)
6. Switzerland (6.0 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Singapore

In 2022, approx. 101 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were exported from Singapore; waning by -31.4% compared with the previous year's figure. In general, exports recorded a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 31%.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted significantly to $4.7M in 2022. Overall, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 8.7%.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Singapore in 2022:

1. Malaysia (45.5 tons)
2. Philippines (12.1 tons)
3. Japan (10.9 tons)
4. Indonesia (9.6 tons)
5. Thailand (5.8 tons)
6. South Korea (4.6 tons)
7. Vietnam (2.2 tons)
8. Taiwan (Chinese) (2.1 tons)
9. United States (0.4 tons)
10. China (0.2 tons)

Source: IndexBox Market Intelligence Platform