Singapore - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in Singapore - 2022
Contents:
- Metal Furniture Lock Price in Singapore (CIF) - 2022
- Metal Furniture Lock Price in Singapore (FOB) - 2022
- Metal Furniture Lock Imports in Singapore
- Metal Furniture Lock Exports in Singapore
Metal Furniture Lock Price in Singapore (CIF) - 2022
The average metal furniture lock import price stood at $25,025 per ton in 2022, increasing by 12% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock import price increased by +29.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($25,025 per ton) and Malaysia ($25,025 per ton), while the price for China ($25,025 per ton) and South Korea ($25,025 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Furniture Lock Price in Singapore (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $21,736 per ton, increasing by 3.8% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. Over the period under review, the average export prices reached the peak figure at $45,609 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($42,065 per ton), while the average price for exports to Malaysia ($20,954 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 the Philippines (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Imports in Singapore
After three years of growth, purchases abroad of base metal furniture locks decreased by -17.5% to 903 tons in 2022. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%.
In value terms, metal furniture lock imports reduced to $23M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports attained the peak of $24M, and then dropped in the following year.
| Import of Metal Furniture Lock in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 14.2 | 16.0 | 20.6 | 17.7 | 7.6% |
| South Korea | 1.2 | 1.1 | 1.1 | 1.3 | 2.7% |
| China | 0.8 | 0.7 | 1.2 | 1.2 | 14.5% |
| Mexico | N/A | N/A | N/A | 0.9 | 0% |
| Finland | 0.3 | 0.7 | 0.6 | 0.7 | 32.6% |
| Germany | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Others | 0.4 | 0.2 | 0.5 | 0.5 | 7.7% |
| Total | 16.8 | 18.8 | 24.5 | 22.6 | 10.4% |
Top Suppliers of Metal Furniture Lock to Singapore in 2022:
- Malaysia (707.6 tons)
- South Korea (51.4 tons)
- China (46.9 tons)
- Mexico (34.0 tons)
- Finland (26.6 tons)
- Germany (16.3 tons)
Metal Furniture Lock Exports in Singapore
Metal furniture lock exports from Singapore declined to 478 tons in 2022, waning by -9.8% against 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +54.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 530 tons, and then reduced in the following year.
In value terms, metal furniture lock exports declined to $10M in 2022. Over the period under review, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year.
| Export of Metal Furniture Lock in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.1 | 8.1 | 10.2 | 9.0 | -6.8% |
| Philippines | N/A | N/A | 0.2 | 0.6 | 200.0% |
| China | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Indonesia | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Others | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Total | 12.1 | 8.8 | 11.1 | 10.4 | -4.9% |
Top Export Markets for Metal Furniture Lock from Singapore in 2022:
- Malaysia (428.7 tons)
- Philippines (13.9 tons)
- China (12.1 tons)
- Indonesia (7.2 tons)
This report provides an in-depth analysis of the metal furniture lock 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 25721170 - Base metal furniture locks
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
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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
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