Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $188 per unit in 2022, growing by 13% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($259 per unit), while the average price for exports to Brazil ($45 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 Egypt (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $19 per unit, which is down by -46.5% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 51% against the previous year. As a result, import price attained the peak level of $57 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($118 per unit), while the price for China ($7.7 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 (-1.4%), while the prices for the other major suppliers experienced a decline.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore
In 2022, approx. 21K units of tools; for working in the hand, pneumatic, other than rotary type were exported from Singapore; waning by -66% on 2021. In general, exports faced a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 78%. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type reached the maximum at 101K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type declined significantly to $4M in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 124%. As a result, the exports attained the peak of $10M, and then contracted dramatically in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4,205 | 2,127 | 3,749 | 2,072 | -21.0% |
| Australia | 151 | 177 | 547 | 359 | 33.5% |
| Indonesia | 1,279 | 1,376 | 4,234 | 350 | -35.1% |
| Thailand | 327 | 128 | 292 | 229 | -11.2% |
| United States | 521 | 391 | 153 | 187 | -28.9% |
| Hong Kong SAR | 7.2 | 60.0 | 169 | 150 | 175.2% |
| India | 176 | 39.5 | 420 | 128 | -10.1% |
| Japan | 34.4 | 25.0 | 35.1 | 45.9 | 10.1% |
| Vietnam | 174 | 86.0 | 44.5 | 44.4 | -36.6% |
| Brazil | N/A | 0.1 | N/A | 20.0 | 1314.2% |
| Others | 736 | 269 | 816 | 413 | -17.5% |
| Total | 7,611 | 4,677 | 10,459 | 3,998 | -19.3% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Singapore in 2022:
- Malaysia (8.0K units)
- Indonesia (3.4K units)
- India (1.7K units)
- Australia (1.5K units)
- Thailand (1.2K units)
- United States (1.0K units)
- Hong Kong SAR (0.9K units)
- Brazil (0.4K units)
- Japan (0.3K units)
- Vietnam (0.2K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore
Imports of tools; for working in the hand, pneumatic, other than rotary type into Singapore declined notably to 165K units in 2022, which is down by -18.4% against the year before. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 202%. As a result, imports reached the peak of 202K units, and then dropped significantly in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type dropped markedly to $3.1M in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 214%. As a result, imports reached the peak of $7.2M, and then shrank markedly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 695 | 315 | 867 | 539 | -8.1% |
| China | 236 | 227 | 367 | 446 | 23.6% |
| Indonesia | 16.4 | 4.1 | 474 | 416 | 193.8% |
| United States | 478 | 406 | 413 | 343 | -10.5% |
| Japan | 501 | 122 | 221 | 240 | -21.8% |
| United Kingdom | 268 | 108 | 128 | 207 | -8.2% |
| Malaysia | 640 | 43.4 | 45.3 | 90.3 | -47.9% |
| Norway | 3.1 | 49.7 | 3,480 | 53.5 | 158.4% |
| Others | 1,224 | 1,012 | 1,193 | 801 | -13.2% |
| Total | 4,063 | 2,288 | 7,188 | 3,135 | -8.3% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Singapore in 2022:
- China (57.7K units)
- Taiwan (Chinese) (54.2K units)
- Japan (24.5K units)
- Malaysia (5.4K units)
- United Kingdom (5.2K units)
- United States (4.1K units)
- Indonesia (3.5K units)
- Norway (0.2K units)
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