Price for Reciprocating or Rotary Internal Combustion Piston Engines in Singapore - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $5,957 per unit in 2022, growing by 23% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 104% against the previous year. The import price peaked at $30,219 per unit in 2019; however, from 2020 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 the United States ($28,956 per unit), while the price for Vietnam ($209 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $23,448 per unit, waning by -9.7% against the previous year. Over the period under review, the export price saw a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 569%. Over the period under review, the average export prices reached the maximum at $62,653 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($141,389 per unit), while the average price for exports to Brunei Darussalam ($1,812 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore
In 2022, supplies from abroad of reciprocating or rotary internal combustion piston engineses was finally on the rise to reach 54K units after two years of decline. In general, imports, however, continue to indicate a significant decrease. Over the period under review, imports of hit record highs at 120K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of reciprocating or rotary internal combustion piston engineses surged to $407M in 2022. Over the period under review, imports, however, recorded a dramatic contraction. Over the period under review, imports of hit record highs at $1.3B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 970 | 481 | 116 | 237 | -37.5% |
United Kingdom | 139 | 32.5 | 73.6 | 94.5 | -12.1% |
China | 124 | 10.4 | 0.3 | 16.5 | -48.9% |
Malaysia | 11.6 | 13.9 | 0.8 | 13.7 | 5.7% |
Canada | 14.4 | 6.8 | 35.9 | 12.6 | -4.4% |
Japan | 2.3 | 2.0 | 2.0 | 5.9 | 36.9% |
Vietnam | 2.5 | 34.4 | 0.4 | 0.6 | -37.9% |
Philippines | 5.8 | 48.3 | N/A | 0.3 | -62.7% |
Others | 56.2 | 46.8 | 46.8 | 26.0 | -22.7% |
Total | 1,326 | 676 | 275 | 407 | -32.5% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Singapore in 2022:
- Japan (13.2K units)
- China (9.7K units)
- United States (8.2K units)
- Malaysia (7.1K units)
- Canada (4.0K units)
- United Kingdom (3.5K units)
- Vietnam (2.7K units)
- Philippines (0.2K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses were finally on the rise to reach 32K units after two years of decline. Over the period under review, exports, however, faced a precipitous slump. The exports peaked at 127K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of reciprocating or rotary internal combustion piston engineses skyrocketed to $392M in 2022. Overall, exports, however, showed a precipitous descent. Over the period under review, the exports of hit record highs at $2.1B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Reciprocating or Rotary Internal Combustion Piston Engines in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 115 | 22.5 | 109 | 154 | 10.2% |
United States | 658 | 34.3 | 66.5 | 130 | -41.8% |
New Zealand | 376 | 122 | 14.1 | 30.5 | -56.7% |
Canada | 3.3 | N/A | 28.8 | 20.7 | 84.4% |
Vietnam | 0.3 | 1.1 | 11.1 | 12.4 | 245.8% |
Philippines | 0.5 | 0.1 | 2.6 | 8.8 | 160.1% |
Indonesia | 32.9 | 4.7 | 5.6 | 5.5 | -44.9% |
South Korea | 158 | 37.6 | N/A | 5.2 | -68.0% |
United Arab Emirates | 121 | 5.0 | 0.3 | 0.2 | -88.2% |
Brunei Darussalam | 25.4 | N/A | N/A | N/A | 0% |
Others | 575 | 132 | 48.7 | 24.4 | -65.1% |
Total | 2,065 | 359 | 286 | 392 | -42.5% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Singapore in 2022:
- United States (23.8K units)
- New Zealand (2.1K units)
- Philippines (1.5K units)
- Malaysia (1.1K units)
- Canada (1.0K units)
- Vietnam (0.8K units)
- Indonesia (0.7K units)
- South Korea (0.4K units)
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