Report Update: May 1, 2024

Singapore - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights

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Insulating Fittings Price in Singapore - 2022

Insulating Fittings Price in Singapore (CIF) - 2022

The average insulating fittings import price stood at $26,065 per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 11%. The import price peaked at $26,565 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($26,265 per ton) and Taiwan (Chinese) ($26,171 per ton), while the price for the United States ($25,721 per ton) and China ($26,025 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Fittings Price in Singapore (FOB) - 2022

In 2022, the average insulating fittings export price amounted to $29,281 per ton, surging by 62% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($35,729 per ton), while the average price for exports to Myanmar ($2,623 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 Hong Kong SAR (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports in Singapore

Insulating fittings imports into Singapore surged to 2.1K tons in 2022, increasing by 43% on the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings imports soared to $54M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Insulating Fittings in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.4	13.3	10.7	15.6	18.4%
Japan	2.7	4.9	8.0	11.4	61.6%
South Korea	4.0	5.5	5.0	7.0	20.5%
United States	5.1	3.2	3.8	5.6	3.2%
Malaysia	3.9	2.9	3.7	5.2	10.1%
Germany	1.9	2.3	2.6	3.7	24.9%
Taiwan (Chinese)	0.1	0.7	1.9	2.6	196.2%
Others	2.4	2.2	1.7	3.1	8.9%
Total	29.5	34.9	37.4	54.3	22.6%

Top Suppliers of Insulating Fittings to Singapore in 2022:

China (597.6 tons)
Japan (435.0 tons)
South Korea (268.3 tons)
United States (218.8 tons)
Malaysia (199.8 tons)
Germany (142.4 tons)
Taiwan (Chinese) (100.9 tons)

Insulating Fittings Exports in Singapore

In 2022, approx. 505 tons of insulating fittings for electrical purposes were exported from Singapore; with a decrease of -28.7% against the previous year's figure. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 146% against the previous year. As a result, the exports reached the peak of 708 tons, and then reduced markedly in the following year.

In value terms, insulating fittings exports surged to $15M in 2022. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Insulating Fittings in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	2,588	945	5,912	6,613	36.7%
Malaysia	2,206	1,744	1,730	2,071	-2.1%
Philippines	136	71.3	983	1,100	100.7%
Thailand	734	1,193	727	968	9.7%
India	507	23.8	815	912	21.6%
Brunei Darussalam	456	598	595	666	13.5%
Taiwan (Chinese)	201	189	386	432	29.1%
China	397	290	196	322	-6.7%
United States	324	253	196	282	-4.5%
Vietnam	192	175	213	239	7.6%
Australia	203	127	203	227	3.8%
Japan	252	165	185	220	-4.4%
Myanmar	4.7	49.1	49.5	55.4	127.6%
Others	527	398	642	675	8.6%
Total	8,728	6,221	12,836	14,782	19.2%

Top Export Markets for Insulating Fittings from Singapore in 2022:

Indonesia (223.4 tons)
Malaysia (65.4 tons)
Philippines (37.1 tons)
India (30.8 tons)
Thailand (28.3 tons)
Brunei Darussalam (22.5 tons)
Myanmar (21.1 tons)
Taiwan (Chinese) (14.6 tons)
China (9.3 tons)
United States (8.2 tons)
Vietnam (8.1 tons)
Australia (7.7 tons)
Japan (7.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating fittings 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 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023