Singapore - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Singapore - 2022
Contents:
- Interchangeable Spanner Socket Price in Singapore (CIF) - 2022
- Interchangeable Spanner Socket Price in Singapore (FOB) - 2022
- Interchangeable Spanner Socket Imports in Singapore
- Interchangeable Spanner Socket Exports in Singapore
Interchangeable Spanner Socket Price in Singapore (CIF) - 2022
The average interchangeable spanner socket import price stood at $11,930 per ton in 2022, growing by 2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $13,307 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($11,931 per ton) and the United States ($11,930 per ton), while the price for Norway ($11,861 per ton) and Italy ($11,929 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.9%), while the prices for the other major suppliers experienced a decline.
Interchangeable Spanner Socket Price in Singapore (FOB) - 2022
In 2022, the average interchangeable spanner socket export price amounted to $18,873 per ton, with a decrease of -23.1% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, interchangeable spanner socket export price increased by +6.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. As a result, the export price reached the peak level of $24,533 per ton, and then contracted rapidly in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($18,876 per ton) and Brunei Darussalam ($18,875 per ton), while the average price for exports to the Netherlands ($18,872 per ton) and India ($18,872 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 Hong Kong SAR (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in Singapore
In 2022, the amount of interchangeable spanner sockets imported into Singapore contracted sharply to 337 tons, which is down by -24.9% on the previous year. Over the period under review, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 175%. As a result, imports reached the peak of 449 tons, and then declined dramatically in the following year.
In value terms, interchangeable spanner socket imports declined markedly to $4M in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 178% against the previous year. As a result, imports reached the peak of $5.2M, and then contracted remarkably in the following year.
Import of Interchangeable Spanner Socket in Singapore (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 704 | 438 | 827 | 1,136 | 17.3% |
China | 112 | 153 | 720 | 953 | 104.2% |
United States | 982 | 715 | 657 | 909 | -2.5% |
Germany | 266 | 143 | 199 | 204 | -8.5% |
Sweden | 164 | 33.1 | 102 | 189 | 4.8% |
France | 17.5 | 12.1 | 29.8 | 128 | 94.1% |
United Kingdom | 82.6 | 54.9 | 81.3 | 121 | 13.6% |
Malaysia | 37.2 | 46.5 | 92.7 | 112 | 44.4% |
Japan | 46.0 | 46.7 | 2,267 | 47.1 | 0.8% |
Others | 264 | 242 | 257 | 225 | -5.2% |
Total | 2,676 | 1,885 | 5,232 | 4,026 | 14.6% |
Top Suppliers of Interchangeable Spanner Socket to Singapore in 2022:
- Taiwan (Chinese) (95.2 tons)
- China (79.9 tons)
- United States (76.2 tons)
- Germany (17.1 tons)
- Sweden (15.8 tons)
- France (10.7 tons)
- United Kingdom (10.2 tons)
- Malaysia (9.4 tons)
- Japan (3.9 tons)
Interchangeable Spanner Socket Exports in Singapore
In 2022, interchangeable spanner socket exports from Singapore surged to 155 tons, rising by 70% against 2021 figures. Over the period under review, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, interchangeable spanner socket exports soared to $2.9M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +110.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
Export of Interchangeable Spanner Socket in Singapore (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 154 | 63.5 | 217 | 468 | 44.8% |
Malaysia | 296 | 332 | 453 | 431 | 13.3% |
Indonesia | 307 | 231 | 140 | 297 | -1.1% |
Myanmar | 0.1 | N/A | N/A | 155 | 1057.3% |
Taiwan (Chinese) | 20.0 | 31.6 | 82.2 | 154 | 97.5% |
Japan | 14.6 | 26.7 | 27.6 | 148 | 116.4% |
Netherlands | 0.9 | 13.7 | 2.8 | 137 | 433.9% |
India | 189 | 109 | 171 | 115 | -15.3% |
Vietnam | 65.7 | 18.4 | 42.3 | 97.8 | 14.2% |
Brunei Darussalam | 22.3 | 92.9 | 21.8 | 76.7 | 50.9% |
United States | 162 | 39.9 | 43.6 | 73.9 | -23.0% |
Australia | 51.6 | 24.5 | 62.6 | 70.4 | 10.9% |
Hong Kong SAR | 3.5 | 7.8 | 19.3 | 62.6 | 161.5% |
Others | 1,182 | 404 | 953 | 647 | -18.2% |
Total | 2,468 | 1,395 | 2,236 | 2,933 | 5.9% |
Top Export Markets for Interchangeable Spanner Socket from Singapore in 2022:
- China (24.8 tons)
- Malaysia (22.8 tons)
- Indonesia (15.8 tons)
- Myanmar (8.2 tons)
- Taiwan (Chinese) (8.1 tons)
- Japan (7.8 tons)
- Netherlands (7.2 tons)
- India (6.1 tons)
- Vietnam (5.2 tons)
- Brunei Darussalam (4.1 tons)
- United States (3.9 tons)
- Australia (3.7 tons)
- Hong Kong SAR (3.3 tons)
This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets
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
This report provides an in-depth analysis of the interchangeable spanner socket market in Singapore.
This report provides an in-depth analysis of the hand tools market in Singapore.
This report provides an in-depth analysis of the manifold business form market in Singapore.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in Singapore.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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