Singapore - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Singapore - 2022
Contents:
- Household Hand Tools Price in Singapore (CIF) - 2022
- Household Hand Tools Price in Singapore (FOB) - 2022
- Household Hand Tools Imports in Singapore
- Household Hand Tools Exports in Singapore
Household Hand Tools Price in Singapore (CIF) - 2022
In September 2022, the average household hand tools import price amounted to $6,212 per ton, remaining relatively unchanged against the previous month. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 60% against the previous month. As a result, import price attained the peak level of $20,579 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2021 to September 2022, the rate of growth in terms of prices for China amounted to -6.7% per month.
Household Hand Tools Price in Singapore (FOB) - 2022
In 2022, the average household hand tools export price amounted to $15,107 per ton, growing by 5.9% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, household hand tools export price decreased by -29.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $21,391 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($18,261 per ton) and South Korea ($18,137 per ton), while the average price for exports to Seychelles ($12,535 per ton) and the United States ($12,535 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Singapore
For the fourth consecutive year, Singapore recorded growth in overseas purchases of household hand tools, which increased by 76% to 1.1K tons in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, household hand tools imports soared to $10M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Household Hand Tools in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 3.9 | 5.8 | 7.3 | 42.9% |
| Japan | 1.0 | 0.8 | 0.6 | 1.0 | 0.0% |
| United States | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Malaysia | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Indonesia | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Germany | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Others | 0.6 | 0.7 | 0.6 | 0.8 | 10.1% |
| Total | 4.8 | 5.8 | 7.6 | 10.1 | 28.1% |
Top Suppliers of Household Hand Tools to Singapore in 2022:
- China (790.0 tons)
- Japan (110.5 tons)
- Malaysia (31.5 tons)
- United States (29.4 tons)
- Indonesia (24.8 tons)
- Germany (14.3 tons)
Household Hand Tools Exports in Singapore
In 2022, the amount of household hand tools exported from Singapore was estimated at 227 tons, growing by 9.4% compared with the previous year. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.
In value terms, household hand tools exports soared to $3.4M in 2022. In general, exports, however, recorded a abrupt descent.
| Export of Household Hand Tools in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,505 | 1,662 | 130 | 1,343 | -33.2% |
| Indonesia | 297 | 222 | 1,554 | 1,024 | 51.1% |
| Malaysia | 851 | 339 | 145 | 285 | -30.6% |
| United States | 12.7 | 205 | 204 | 134 | 119.3% |
| South Korea | 316 | 120 | 16.1 | 96.4 | -32.7% |
| Hong Kong SAR | 169 | 51.9 | 99.8 | 68.7 | -25.9% |
| Vietnam | 20.2 | 32.5 | 89.2 | 58.8 | 42.8% |
| Japan | 141 | 57.4 | 67.9 | 56.9 | -26.1% |
| Brunei Darussalam | 54.1 | 132 | 76.4 | 56.1 | 1.2% |
| Seychelles | 5.4 | 24.6 | 74.4 | 49.0 | 108.6% |
| Others | 289 | 459 | 508 | 263 | -3.1% |
| Total | 6,660 | 3,306 | 2,966 | 3,436 | -19.8% |
Top Export Markets for Household Hand Tools from Singapore in 2022:
- Indonesia (81.7 tons)
- China (73.5 tons)
- Malaysia (16.3 tons)
- United States (10.7 tons)
- South Korea (5.3 tons)
- Hong Kong SAR (5.2 tons)
- Vietnam (4.7 tons)
- Brunei Darussalam (4.0 tons)
- Seychelles (3.9 tons)
- Japan (3.6 tons)
This report provides an in-depth analysis of the household hand tools 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 25733065 - Household hand tools
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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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