Singapore - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Plaited Band Price in Singapore - 2022
Contents:
- Steel Plaited Band Price in Singapore (FOB) - 2022
- Steel Plaited Band Price in Singapore (CIF) - 2022
- Steel Plaited Band Exports in Singapore
- Steel Plaited Band Imports in Singapore
Steel Plaited Band Price in Singapore (FOB) - 2022
In 2022, the average steel plaited band export price amounted to $3,839 per ton, dropping by -34% against the previous year. Overall, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 an increase of 135% against the previous year. The export price peaked at $5,815 per ton in 2021, and then fell remarkably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($13,339 per ton), while the average price for exports to Vietnam ($1,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Plaited Band Price in Singapore (CIF) - 2022
The average steel plaited band import price stood at $2,402 per ton in September 2022, with a decrease of -72.2% against the previous month. In general, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in April 2022 an increase of 287% month-to-month. Over the period under review, average import prices hit record highs at $8,629 per ton in August 2022, and then reduced rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Thailand ($2,597 per ton), while the price for Malaysia ($1,087 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.9%), while the prices for the other major suppliers experienced a decline.
Steel Plaited Band Exports in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of iron or steel plaited bands and slings, which decreased by -5.4% to 1.1K tons in 2022. Overall, exports recorded a sharp decrease.
In value terms, steel plaited band exports plummeted to $4.2M in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 3.3%. As a result, the exports attained the peak of $7.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Steel Plaited Band in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 1,569 | 682 | 1,057 | 828 | -19.2% |
Indonesia | 1,809 | 855 | 1,157 | 751 | -25.4% |
India | 254 | 2,690 | 437 | 698 | 40.1% |
Vietnam | 1,341 | 209 | 336 | 586 | -24.1% |
Egypt | 1.2 | 4.7 | 3.6 | 197 | 447.6% |
China | 32.6 | 154 | 10.5 | 166 | 72.0% |
Cameroon | N/A | N/A | 0.9 | 115 | 12677.8% |
Australia | 89.7 | 168 | 1,872 | 77.1 | -4.9% |
United States | 606 | 39.3 | 24.8 | 1.0 | -88.2% |
Others | 1,145 | 2,271 | 1,747 | 731 | -13.9% |
Total | 6,848 | 7,072 | 6,644 | 4,151 | -15.4% |
Top Export Markets for Steel Plaited Band from Singapore in 2022:
- Vietnam (467.5 tons)
- Malaysia (240.3 tons)
- Indonesia (103.3 tons)
- India (55.5 tons)
- Egypt (37.9 tons)
- China (31.7 tons)
- Cameroon (30.0 tons)
- Australia (5.8 tons)
- United States (0.2 tons)
Steel Plaited Band Imports in Singapore
Steel plaited band imports into Singapore rose remarkably to 1.9K tons in 2022, growing by 12% against the year before. In general, imports, however, showed a deep downturn.
In value terms, steel plaited band imports shrank rapidly to $4.9M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 23%.
Import of Steel Plaited Band in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 3,218 | 1,785 | 1,484 | 2,224 | -11.6% |
China | 1,092 | 1,030 | 714 | 952 | -4.5% |
South Korea | 435 | 84.9 | 7.3 | 447 | 0.9% |
Belgium | N/A | 212 | 2.6 | 314 | 21.7% |
Netherlands | 240 | 207 | 180 | 290 | 6.5% |
Indonesia | 637 | 479 | 419 | 28.6 | -64.5% |
India | 430 | 46.4 | 52.3 | 0.9 | -87.2% |
Others | 1,408 | 1,452 | 3,669 | 643 | -23.0% |
Total | 7,460 | 5,297 | 6,529 | 4,899 | -13.1% |
Top Suppliers of Steel Plaited Band to Singapore in 2022:
- Malaysia (889.9 tons)
- Netherlands (350.1 tons)
- South Korea (218.7 tons)
- China (191.6 tons)
- Belgium (160.3 tons)
- Indonesia (6.2 tons)
- India (0.1 tons)
This report provides an in-depth analysis of the steel plaited band market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the steel plaited band market in Singapore.
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