Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore - 2023
Contents:
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (CIF) - 2022
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (FOB) - 2022
- Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore
- Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (CIF) - 2022
In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $14 per unit, jumping by 19% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sanitary ware and parts thereof, of iron or steel increased by +84.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($164 per unit), while the price for Malaysia ($8.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (FOB) - 2022
In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $16 per unit, surging by 65% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($23 per unit), while the average price for exports to France ($7.1 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 Maldives (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore
In 2022, imports of sanitary ware and parts thereof, of iron or steel into Singapore soared to 2.9M units, rising by 15% compared with the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of sanitary ware and parts thereof, of iron or steel soared to $39M in 2022. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 12.4 | 18.6 | 29.4 | 23.8% |
| Germany | 0.9 | 0.7 | 0.8 | 2.0 | 30.5% |
| United States | 1.7 | 0.9 | 0.8 | 1.5 | -4.1% |
| Malaysia | 0.6 | 0.4 | 0.6 | 0.9 | 14.5% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
| Italy | 0.7 | 0.5 | 0.9 | 0.7 | 0.0% |
| Thailand | 0.4 | 0.2 | 0.3 | 0.7 | 20.5% |
| Indonesia | 1.4 | 1.0 | 2.4 | 0.6 | -24.6% |
| Vietnam | 0.2 | 0.2 | 1.3 | 0.3 | 14.5% |
| Others | 1.9 | 1.4 | 2.5 | 2.6 | 11.0% |
| Total | 23.9 | 18.0 | 28.8 | 39.5 | 18.2% |
Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Singapore in 2022:
- China (2307.4K units)
- Germany (134.6K units)
- Malaysia (98.1K units)
- Thailand (72.8K units)
- Taiwan (Chinese) (40.7K units)
- Italy (39.7K units)
- Indonesia (35.4K units)
- Vietnam (22.5K units)
- United States (9.0K units)
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore
Exports of sanitary ware and parts thereof, of iron or steel from Singapore shrank sharply to 428K units in 2022, with a decrease of -22.1% compared with the previous year. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports reached the peak of 550K units, and then reduced sharply in the following year.
In value terms, exports of sanitary ware and parts thereof, of iron or steel surged to $6.9M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 319 | 353 | 349 | 2,515 | 99.0% |
| Indonesia | 2,049 | 1,333 | 1,189 | 1,227 | -15.7% |
| Chile | 1.2 | N/A | 3.5 | 493 | 643.4% |
| China | 302 | 382 | 880 | 402 | 10.0% |
| United States | 987 | 167 | 543 | 385 | -26.9% |
| Saudi Arabia | 1.7 | 5.6 | 7.9 | 308 | 465.8% |
| Maldives | 311 | 299 | 91.2 | 156 | -20.5% |
| Japan | 20.8 | 118 | 645 | 136 | 87.0% |
| Hong Kong SAR | 115 | 146 | 192 | 113 | -0.6% |
| United Kingdom | 73.6 | 6.7 | 31.0 | 112 | 15.0% |
| Australia | 28.6 | 82.6 | 179 | 109 | 56.2% |
| France | N/A | 9.5 | N/A | 83.2 | 195.9% |
| Vietnam | 198 | 230 | 372 | 39.4 | -41.6% |
| Others | 1,299 | 1,080 | 900 | 822 | -14.1% |
| Total | 5,706 | 4,212 | 5,384 | 6,903 | 6.6% |
Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Singapore in 2022:
- Malaysia (114.3K units)
- Indonesia (104.7K units)
- China (36.8K units)
- United States (30.8K units)
- Chile (28.1K units)
- Saudi Arabia (26.3K units)
- Australia (12.6K units)
- France (11.8K units)
- United Kingdom (10.7K units)
- Maldives (7.5K units)
- Japan (6.5K units)
- Hong Kong SAR (1.8K units)
- Vietnam (1.6K units)
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