Singapore - Iron Or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Singapore - Iron Or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights

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Metal Gas Appliances Price in Singapore - 2022

Contents:

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

Metal Gas Appliances Price in Singapore (FOB) - 2022

In 2022, the average metal gas appliances export price amounted to $431 per unit, declining by -51.9% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 2,244%. As a result, the export price reached the peak level of $3,430 per unit. From 2021 to 2022, the average 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 China ($99 per unit), while the average price for exports to Mauritius ($8.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Price in Singapore (CIF) - 2022

The average metal gas appliances import price stood at $5.4 per unit in 2022, shrinking by -26.8% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 67%. As a result, import price attained the peak level of $31 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($17 per unit), while the price for Taiwan (Chinese) ($5.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.1%), while the prices for the other major suppliers experienced a decline.

Metal Gas Appliances Exports in Singapore

In 2022, the amount of iron or steel gas domestic appliances exported from Singapore skyrocketed to 7.5K units, growing by 137% against the previous year's figure. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 437% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, metal gas appliances exports rose significantly to $3.2M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 472%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Metal Gas Appliances in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.21.92.83.1149.3%
MauritiusN/AN/AN/AN/A0%
Others0.10.1N/A0.10.0%
Total0.42.02.83.2100.0%

Top Export Markets for Metal Gas Appliances from Singapore in 2022:

  1. China (31.0K units)
  2. Mauritius (0.8K units)

Metal Gas Appliances Imports in Singapore

In 2022, purchases abroad of iron or steel gas domestic appliances decreased by -29.5% to 82K units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by 28%. As a result, imports reached the peak of 116K units, and then fell sharply in the following year.

In value terms, metal gas appliances imports fell rapidly to $440K in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of $867K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Metal Gas Appliances in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China380765648173-23.1%
South Korea49.548.973.610528.5%
Taiwan (Chinese)62.4N/A0.184.910.8%
Malaysia50.023.528.91.9-66.4%
Others12430.010174.2-15.7%
Total666867852440-12.9%

Top Suppliers of Metal Gas Appliances to Singapore in 2022:

  1. China (27.7K units)
  2. Taiwan (Chinese) (15.2K units)
  3. South Korea (6.2K units)
  4. Malaysia (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal gas appliances 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 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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