Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore - 2023

Contents:

1. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore (FOB) - 2022
2. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore (CIF) - 2022
3. Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore
4. Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore (FOB) - 2022

The average export price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses stood at $29,384 per ton in 2022, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($32,717 per ton), while the average price for exports to the UK ($423 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 Japan (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore (CIF) - 2022

In 2022, the average import price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses amounted to $24,824 per ton, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($70,736 per ton), while the price for Japan ($12,332 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore

For the third consecutive year, Singapore recorded decline in overseas shipments of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses, which decreased by -21.9% to 16 tons in 2022. In general, exports faced a dramatic downturn.

In value terms, exports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses shrank to $484K in 2022. Overall, exports saw a dramatic decline.

Top Export Markets for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies from Singapore in 2022:

1. Japan (14.3 tons)
2. China (1.5 tons)
3. United Kingdom (0.6 tons)

Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Singapore

Imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses into Singapore declined sharply to 6.9 tons in 2022, with a decrease of -93.8% compared with 2021 figures. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 124%. As a result, imports reached the peak of 111 tons, and then contracted significantly in the following year.

In value terms, imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses fell significantly to $171K in 2022. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 168%. As a result, imports attained the peak of $2.3M, and then declined sharply in the following year.

Top Suppliers of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies to Singapore in 2022:

1. France (3.9 tons)
2. Belgium (2.0 tons)
3. Japan (0.5 tons)
4. China (0.4 tons)

Source: IndexBox Market Intelligence Platform