Singapore - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Singapore - 2022
Contents:
- Motor Vehicle Engine Price in Singapore (FOB) - 2022
- Motor Vehicle Engine Price in Singapore (CIF) - 2022
- Motor Vehicle Engine Exports in Singapore
- Motor Vehicle Engine Imports in Singapore
Motor Vehicle Engine Price in Singapore (FOB) - 2022
In 2022, the average motor vehicle engine export price amounted to $21 per unit, rising by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 when the average export price increased by 24%. The export price peaked at $21 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($25 per unit) and Taiwan (Chinese) ($21 per unit), while the average price for exports to Thailand ($18 per unit) and Malaysia ($18 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Price in Singapore (CIF) - 2022
The average motor vehicle engine import price stood at $18 per unit in 2022, approximately reflecting the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle engine import price increased by +22.5% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 55% against the previous year. The import price peaked at $18 per unit in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($27 per unit), while the price for Italy ($10 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 Arab Emirates (+37.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Exports in Singapore
Motor vehicle engine exports from Singapore reduced to 222K units in 2022, shrinking by -12.3% against 2021 figures. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of 253K units, and then declined in the following year.
In value terms, motor vehicle engine exports fell to $4.6M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $5.1M, and then declined in the following year.
Export of Motor Vehicle Engine in Singapore (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 180 | 1,875 | 1,425 | 1,700 | 111.4% |
Malaysia | 834 | 706 | 682 | 644 | -8.3% |
Philippines | 3.0 | 21.3 | 396 | 610 | 488.0% |
Thailand | 1,325 | 8.0 | 117 | 373 | -34.5% |
Pakistan | 7.0 | 88.8 | 264 | 190 | 200.5% |
Hong Kong SAR | 47.1 | 15.1 | 239 | 172 | 54.0% |
China | 8.4 | 82.1 | 225 | 162 | 168.2% |
Bangladesh | 114 | 179 | 213 | 154 | 10.5% |
Australia | 161 | 37.8 | 212 | 153 | -1.7% |
Afghanistan | 39.6 | 65.4 | 140 | 101 | 36.6% |
Germany | 4.2 | 0.4 | 125 | 90.0 | 177.8% |
Indonesia | 180 | 740 | 246 | 80.6 | -23.5% |
Others | 426 | 179 | 828 | 124 | -33.7% |
Total | 3,331 | 3,997 | 5,112 | 4,555 | 11.0% |
Top Export Markets for Motor Vehicle Engine from Singapore in 2022:
- Taiwan (Chinese) (80.8K units)
- Malaysia (35.8K units)
- Philippines (24.2K units)
- Thailand (20.7K units)
- Pakistan (9.4K units)
- Hong Kong SAR (8.5K units)
- China (8.0K units)
- Bangladesh (7.6K units)
- Australia (7.5K units)
- Afghanistan (5.0K units)
- Germany (4.4K units)
- Indonesia (4.3K units)
Motor Vehicle Engine Imports in Singapore
In 2022, purchases abroad of motor vehicle engines (spark-ignition) decreased by -18.6% to 218K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of 268K units, and then fell sharply in the following year.
In value terms, motor vehicle engine imports shrank significantly to $3.8M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of $4.7M, and then shrank notably in the following year.
Import of Motor Vehicle Engine in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 877 | 1,595 | 3,260 | 2,668 | 44.9% |
United Kingdom | 74.9 | 285 | 317 | 257 | 50.8% |
United Arab Emirates | 52.5 | 285 | 240 | 195 | 54.9% |
United States | 205 | 251 | 120 | 192 | -2.2% |
Malaysia | 240 | 127 | 103 | 172 | -10.5% |
Italy | 165 | 120 | 96.3 | 120 | -10.1% |
Hungary | 90.7 | 30.3 | 119 | 96.6 | 2.1% |
Japan | 64.6 | 121 | 29.4 | 85.3 | 9.7% |
France | 118 | N/A | 305 | N/A | 60.8% |
Others | 127 | 124 | 132 | 43.1 | -30.2% |
Total | 2,014 | 2,937 | 4,722 | 3,830 | 23.9% |
Top Suppliers of Motor Vehicle Engine to Singapore in 2022:
- Germany (146.0K units)
- United States (14.7K units)
- United Kingdom (14.1K units)
- Italy (11.8K units)
- Malaysia (9.2K units)
- United Arab Emirates (7.2K units)
- Japan (6.9K units)
- Hungary (5.3K units)
This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
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
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