Dredgers Price in Singapore - 2022

Contents:

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

Dredgers Price in Singapore (FOB) - 2022

In 2022, the average dredgers export price amounted to $68,524 per unit, dropping by -82.5% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 143%. Over the period under review, the average export prices hit record highs at $680,360 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($137,043 per unit), while the average price for exports to Indonesia totaled $5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+47.8%), while the prices for the other major destinations experienced mixed trend patterns.

Dredgers Price in Singapore (CIF) - 2022

The average dredgers import price stood at $42,449 per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure at $194,605 per unit in 2012; however, from 2013 to 2022, 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 the Netherlands ($101,195 per unit), while the price for Taiwan (Chinese) ($318 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2,773.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Dredgers Exports in Singapore

In 2022, exports of dredgerses from Singapore contracted sharply to 2 units, falling by -95.3% compared with 2021 figures. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 291%. As a result, the exports reached the peak of 43 units, and then dropped rapidly in the following year.

In value terms, dredgers exports reduced remarkably to $137K in 2022. In general, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 611% against the previous year. As a result, the exports reached the peak of $17M, and then dropped significantly in the following year.

Top Export Markets for Dredgers from Singapore in 2022:

1. Indonesia (1.0 units)
2. Brunei Darussalam (1.0 units)

Dredgers Imports in Singapore

For the third consecutive year, Singapore recorded decline in purchases abroad of dredgerses, which decreased by -76.5% to 12 units in 2022. Overall, imports showed a precipitous decline. The smallest decline of -3.4% was in 2020. Over the period under review, imports hit record highs at 58 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, dredgers imports dropped dramatically to $509K in 2022. In general, imports continue to indicate a sharp decline. The smallest decline of -36.4% was in 2020. Over the period under review, imports reached the maximum at $5.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Dredgers to Singapore in 2022:

1. United Kingdom (4.0 units)
2. Netherlands (3.0 units)
3. New Zealand (2.0 units)
4. United States (1.0 units)
5. Taiwan (Chinese) (1.0 units)
6. China (1.0 units)

Source: IndexBox Market Intelligence Platform