Singapore - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in Singapore - 2022
Contents:
- Non-Propelled Vehicle Price in Singapore (CIF) - 2022
- Non-Propelled Vehicle Price in Singapore (FOB) - 2022
- Non-Propelled Vehicle Imports in Singapore
- Non-Propelled Vehicle Exports in Singapore
Non-Propelled Vehicle Price in Singapore (CIF) - 2022
In September 2022, the average non-propelled vehicle import price amounted to $69.7 per unit, reducing by -31.5% against the previous month. In general, the import price, however, showed a measured expansion. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 249% m-o-m. The import price peaked at $175 per unit in June 2022; however, from July 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($93.4 per unit), while the price for China amounted to $43.2 per unit.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%).
Non-Propelled Vehicle Price in Singapore (FOB) - 2022
The average non-propelled vehicle export price stood at $51 per unit in 2022, reducing by -17.7% against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 4.9%. Over the period under review, the average export prices hit record highs at $79 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($62 per unit) and Indonesia ($61 per unit), while the average price for exports to Malaysia ($50 per unit) and China ($50 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.2%), while the prices for the other major destinations experienced a decline.
Non-Propelled Vehicle Imports in Singapore
In 2022, approx. 373K units of vehicles not mechanically propelled were imported into Singapore; rising by 8.9% against the year before. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, non-propelled vehicle imports surged to $45M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Propelled Vehicle in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 7.1 | 8.8 | 16.1 | 23.2% |
| United States | 2.5 | 5.6 | 5.6 | 10.2 | 59.8% |
| Malaysia | 3.9 | 1.1 | 1.7 | 4.0 | 0.8% |
| Japan | 2.0 | 1.5 | 1.8 | 3.2 | 17.0% |
| United Kingdom | 0.2 | 0.2 | 1.2 | 2.2 | 122.4% |
| France | N/A | 0.2 | 1.1 | 1.9 | 208.2% |
| Netherlands | 2.0 | 0.3 | 0.7 | 1.8 | -3.5% |
| South Korea | 0.5 | 0.1 | 0.7 | 1.3 | 37.5% |
| Italy | 0.3 | 0.2 | 0.4 | 0.7 | 32.6% |
| Others | 1.4 | 1.1 | 1.9 | 3.7 | 38.3% |
| Total | 21.7 | 17.3 | 23.9 | 45.1 | 27.6% |
Top Suppliers of Non-Propelled Vehicle to Singapore in 2022:
- China (130.7K units)
- United States (82.4K units)
- Malaysia (35.3K units)
- Japan (27.9K units)
- United Kingdom (18.2K units)
- Netherlands (15.7K units)
- France (15.6K units)
- South Korea (10.2K units)
- Italy (5.8K units)
Non-Propelled Vehicle Exports in Singapore
In 2022, approx. 483K units of vehicles not mechanically propelled were exported from Singapore; picking up by 127% against the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 424%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, non-propelled vehicle exports surged to $25M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 314%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Non-Propelled Vehicle in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 0.2 | 7.0 | 11.8 | 289.3% |
| Indonesia | 4.3 | 0.4 | 0.3 | 2.7 | -14.4% |
| Netherlands | N/A | 0.1 | 1.0 | 1.7 | 312.3% |
| China | 1.2 | 0.3 | 1.0 | 1.7 | 12.3% |
| Malaysia | 1.0 | 0.4 | 1.0 | 1.6 | 17.0% |
| Vietnam | 0.1 | N/A | 0.5 | 0.8 | 100.0% |
| South Korea | 0.1 | 0.1 | 0.4 | 0.7 | 91.3% |
| Hong Kong SAR | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Australia | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Others | 1.6 | 1.2 | 1.5 | 2.7 | 19.1% |
| Total | 8.9 | 3.2 | 13.3 | 24.8 | 40.7% |
Top Export Markets for Non-Propelled Vehicle from Singapore in 2022:
- United States (236.7K units)
- Indonesia (44.3K units)
- Netherlands (33.8K units)
- China (33.5K units)
- Malaysia (32.4K units)
- Vietnam (16.8K units)
- South Korea (15.0K units)
- Hong Kong SAR (14.0K units)
- Australia (7.3K units)
This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
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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