Cranes; Tower Cranes Price in Singapore - 2022

Contents:

1. Cranes; Tower Cranes Price in Singapore (CIF) - 2022
2. Cranes; Tower Cranes Price in Singapore (FOB) - 2022
3. Cranes; Tower Cranes Imports in Singapore
4. Cranes; Tower Cranes Exports in Singapore

Cranes; Tower Cranes Price in Singapore (CIF) - 2022

The average cranes; tower cranes import price stood at $55,592 per unit in 2022, jumping by 19% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 31%. As a result, import price reached the peak level of $100,181 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($259,263 per unit), while the price for Italy ($29,300 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 (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Cranes; Tower Cranes Price in Singapore (FOB) - 2022

In 2022, the average cranes; tower cranes export price amounted to $31,136 per unit, waning by -30.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $82,941 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Australia ($146,393 per unit), while the average price for exports to India ($15,874 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 China (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cranes; Tower Cranes Imports in Singapore

In 2022, imports of cranes; tower craneses into Singapore reduced modestly to 606 units, with a decrease of -3.7% on 2021. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. Imports peaked at 946 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cranes; tower cranes imports reached $34M in 2022. In general, imports recorded a abrupt downturn. Imports peaked at $64M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Cranes; Tower Cranes to Singapore in 2022:

1. China (480.0 units)
2. Italy (90.0 units)
3. Spain (17.0 units)
4. Germany (16.0 units)

Cranes; Tower Cranes Exports in Singapore

In 2022, overseas shipments of cranes; tower craneses were finally on the rise to reach 94 units after two years of decline. Overall, exports, however, recorded a abrupt decline. Over the period under review, the exports reached the peak figure at 123 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cranes; tower cranes exports dropped to $2.9M in 2022. In general, exports, however, faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked at $7.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Cranes; Tower Cranes from Singapore in 2022:

1. Indonesia (37.0 units)
2. Hong Kong SAR (22.0 units)
3. India (20.0 units)
4. South Korea (7.0 units)
5. Vietnam (4.0 units)
6. Australia (3.0 units)

Source: IndexBox Market Intelligence Platform