Price for Tractors; (Other than Tractors of Heading No 8709) in Singapore - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Singapore (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Singapore (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Singapore
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Singapore
Price for Tractors; (Other than Tractors of Heading No 8709) in Singapore (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $73,033 per unit, surging by 76% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The import price peaked at $118,927 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($441,122 per unit), while the price for India ($18,440 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Singapore (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $22,728 per unit in 2022, reducing by -21% against the previous year. Over the period under review, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of 96% against the previous year. The export price peaked at $40,010 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Myanmar ($74,212 per unit), while the average price for exports to China ($5,814 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 Myanmar (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Singapore
In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Singapore totaled 1.1K units, surging by 9.5% on the previous year. Over the period under review, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 115%. Imports peaked at 1.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $82M in 2022. Overall, imports, however, continue to indicate a slight shrinkage. Imports peaked at $86M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 21.0 | 7.7 | 17.8 | 29.1 | 11.5% |
| United States | 28.7 | 0.9 | 1.6 | 19.0 | -12.8% |
| Netherlands | 11.6 | 4.7 | 6.9 | 10.0 | -4.8% |
| Japan | 16.6 | 2.6 | 6.5 | 7.5 | -23.3% |
| Germany | 0.6 | 1.8 | 1.0 | 5.6 | 110.5% |
| China | 0.6 | 0.7 | 3.0 | 4.7 | 98.6% |
| Sweden | 4.7 | 0.9 | 0.8 | 4.4 | -2.2% |
| Others | 2.4 | 6.8 | 4.8 | 1.4 | -16.4% |
| Total | 86.2 | 26.0 | 42.4 | 81.7 | -1.8% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Singapore in 2022:
- Malaysia (393.0 units)
- China (201.0 units)
- Japan (180.0 units)
- Netherlands (137.0 units)
- Germany (79.0 units)
- Sweden (60.0 units)
- United States (43.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Singapore
Exports of tractors; (other than tractors of heading no 8709)s from Singapore skyrocketed to 2K units in 2022, picking up by 180% on 2021 figures. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $45M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.7 | 0.5 | 3.4 | 13.6 | 71.4% |
| Indonesia | 11.0 | N/A | 0.2 | 12.8 | 5.2% |
| South Korea | 1.6 | N/A | 4.9 | 5.0 | 46.2% |
| Vietnam | 0.1 | 0.2 | 2.9 | 2.7 | 200.0% |
| Malaysia | 0.2 | 0.2 | 0.3 | 2.0 | 115.4% |
| Taiwan (Chinese) | N/A | 3.8 | N/A | 1.8 | -31.2% |
| Myanmar | 1.2 | 1.6 | 1.3 | 1.3 | 2.7% |
| Philippines | 1.7 | 0.7 | 0.1 | 0.6 | -29.3% |
| Thailand | N/A | 0.7 | 0.3 | 0.1 | -62.2% |
| Nigeria | 0.8 | 1.2 | N/A | N/A | 50.0% |
| Sri Lanka | N/A | N/A | 3.2 | N/A | 0% |
| Chile | N/A | 1.3 | N/A | N/A | 0% |
| Turkey | N/A | 0.8 | 1.4 | N/A | 75.0% |
| Others | 0.9 | 1.3 | 2.3 | 5.0 | 77.1% |
| Total | 20.4 | 12.3 | 20.3 | 44.8 | 30.0% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Singapore in 2022:
- Australia (700.0 units)
- Indonesia (383.0 units)
- Malaysia (231.0 units)
- Vietnam (144.0 units)
- South Korea (106.0 units)
- Taiwan (Chinese) (90.0 units)
- Philippines (81.0 units)
- Myanmar (17.0 units)
- Thailand (14.0 units)
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