Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore (CIF) - 2022

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $140,927 per unit in 2022, picking up by 22% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -7.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 30%. As a result, import price attained the peak level of $153,053 per unit. From 2021 to 2022, the average 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 Italy ($288,918 per unit), while the price for Japan ($48,743 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+38.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $163,698 per unit in 2022, growing by 110% against the previous year. In general, the export price recorded a strong increase. 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 Malaysia ($312,410 per unit), while the average price for exports to New Zealand ($19,409 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 Switzerland (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs into Singapore contracted to 1K units in 2022, declining by -5% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 1.1K units, and then fell in the following year.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs surged to $143M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Singapore in 2022:

1. Japan (306.0 units)
2. Germany (278.0 units)
3. United Kingdom (184.0 units)
4. Italy (135.0 units)
5. United States (43.0 units)
6. Austria (25.0 units)
7. South Korea (25.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Singapore

Exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Singapore rose notably to 726 units in 2022, picking up by 14% on the year before. Overall, exports, however, saw a pronounced setback. The exports peaked at 823 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs soared to $84M in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $86M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Singapore in 2022:

1. Indonesia (166.0 units)
2. China (102.0 units)
3. United Arab Emirates (89.0 units)
4. Cambodia (81.0 units)
5. Malaysia (75.0 units)
6. Australia (34.0 units)
7. Switzerland (32.0 units)
8. Thailand (27.0 units)
9. United States (20.0 units)
10. New Zealand (18.0 units)
11. India (16.0 units)
12. Brunei Darussalam (14.0 units)
13. United Kingdom (6.0 units)

Source: IndexBox Market Intelligence Platform