Price for Navigational Instruments and Appliances; Parts and Accessories in Singapore - 2023
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Singapore (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Singapore (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Singapore
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Singapore
Price for Navigational Instruments and Appliances; Parts and Accessories in Singapore (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $378,772 per ton in 2022, shrinking by -26.7% against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 8.6% against the previous year. Over the period under review, average import prices attained the peak figure at $682,114 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 ($7,143,803 per ton), while the price for India ($67,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.6%), while the prices for the other major suppliers experienced a decline.
Price for Navigational Instruments and Appliances; Parts and Accessories in Singapore (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $214,695 per ton, dropping by -23.9% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. As a result, the export price reached the peak level of $366,920 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($973,880 per ton), while the average price for exports to Northern Mariana Islands ($2,986 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 the United States (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Singapore
Imports of navigational instruments and appliances; parts and accessorieses into Singapore skyrocketed to 152 tons in 2022, increasing by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of navigational instruments and appliances; parts and accessorieses shrank to $57M in 2022. Over the period under review, imports, however, showed a drastic downturn. The smallest decline of -4.3% was in 2021.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 24.1 | 15.6 | 19.4 | 23.7 | -0.6% |
| United States | 12.0 | 9.3 | 8.9 | 8.9 | -9.5% |
| Japan | 8.2 | 10.8 | 9.3 | 7.1 | -4.7% |
| Germany | 3.4 | 4.9 | 6.0 | 5.4 | 16.7% |
| United Arab Emirates | 4.0 | 3.5 | 2.8 | 3.2 | -7.2% |
| China | 4.0 | 3.0 | 2.1 | 2.2 | -18.1% |
| Norway | 1.8 | 2.0 | 1.2 | 1.1 | -15.1% |
| Indonesia | 1.1 | 4.7 | 3.9 | 0.9 | -6.5% |
| Netherlands | 0.9 | 0.7 | 0.5 | 0.4 | -23.7% |
| India | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Sweden | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Malaysia | 4.0 | 6.0 | 0.7 | 0.3 | -57.8% |
| Hong Kong SAR | 2.5 | 0.1 | 0.1 | 0.1 | -65.8% |
| Others | 7.2 | 5.4 | 8.0 | 3.4 | -22.1% |
| Total | 73.5 | 66.3 | 63.5 | 57.4 | -7.9% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Singapore in 2022:
- Japan (39.9 tons)
- Germany (26.0 tons)
- United States (18.2 tons)
- China (18.2 tons)
- Norway (10.4 tons)
- India (6.2 tons)
- Netherlands (4.6 tons)
- United Arab Emirates (4.0 tons)
- Indonesia (3.3 tons)
- France (3.3 tons)
- Sweden (3.2 tons)
- Malaysia (2.6 tons)
- Hong Kong SAR (1.4 tons)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Singapore
In 2022, exports of navigational instruments and appliances; parts and accessorieses from Singapore contracted significantly to 100 tons, waning by -19.8% on the year before. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year.
In value terms, exports of navigational instruments and appliances; parts and accessorieses dropped remarkably to $21M in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 25.3 | 4.5 | 7.0 | 3.5 | -48.3% |
| Indonesia | 6.2 | 2.2 | 5.7 | 2.7 | -24.2% |
| United States | 3.8 | 5.4 | 1.9 | 2.3 | -15.4% |
| China | 1.6 | 2.8 | 3.0 | 2.3 | 12.9% |
| France | 2.3 | 1.4 | 0.9 | 2.1 | -3.0% |
| Australia | 0.8 | 0.5 | 1.7 | 1.3 | 17.6% |
| South Korea | 0.5 | 0.5 | 1.5 | 1.0 | 26.0% |
| United Arab Emirates | 0.5 | 0.5 | 1.3 | 0.5 | 0.0% |
| Netherlands | 0.2 | N/A | 0.1 | 0.4 | 26.0% |
| India | 0.2 | 0.9 | 0.1 | 0.2 | 0.0% |
| Hong Kong SAR | 0.7 | 3.8 | 5.8 | 0.2 | -34.1% |
| Myanmar | 0.4 | 0.6 | 0.3 | 0.1 | -37.0% |
| Northern Mariana Islands | N/A | N/A | N/A | N/A | 0% |
| Others | 7.5 | 6.5 | 5.9 | 4.6 | -15.0% |
| Total | 50.0 | 29.6 | 35.1 | 21.4 | -24.6% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Singapore in 2022:
- Malaysia (25.0 tons)
- Indonesia (21.1 tons)
- France (8.8 tons)
- Netherlands (6.7 tons)
- United States (5.7 tons)
- Northern Mariana Islands (3.8 tons)
- South Korea (2.6 tons)
- Myanmar (2.5 tons)
- China (2.4 tons)
- Australia (2.1 tons)
- United Arab Emirates (1.9 tons)
- India (1.9 tons)
- Hong Kong SAR (0.6 tons)
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