Price for Artwork; Collages and Similar Decorative Plaques in Singapore - 2022

Contents:

1. Price for Artwork; Collages and Similar Decorative Plaques in Singapore (CIF) - 2022
2. Price for Artwork; Collages and Similar Decorative Plaques in Singapore (FOB) - 2022
3. Imports of Artwork; Collages and Similar Decorative Plaques in Singapore
4. Exports of Artwork; Collages and Similar Decorative Plaques in Singapore

Price for Artwork; Collages and Similar Decorative Plaques in Singapore (CIF) - 2022

The average import price for artwork; collages and similar decorative plaqueses stood at $52,481 per ton in 2022, which is down by -11.2% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2020 an increase of 137% against the previous year. Over the period under review, average import prices reached the peak figure at $59,068 per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($52,508 per ton) and China ($52,505 per ton), while the price for Denmark ($52,438 per ton) and Japan ($52,445 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Artwork; Collages and Similar Decorative Plaques in Singapore (FOB) - 2022

The average export price for artwork; collages and similar decorative plaqueses stood at $44,542 per ton in 2022, growing by 30% against the previous year. In general, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 70%. As a result, the export price reached the peak level of $101,416 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($44,654 per ton) and Hong Kong SAR ($44,635 per ton), while the average price for exports to Japan ($42,262 per ton) and New Zealand ($44,286 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 South Korea (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Artwork; Collages and Similar Decorative Plaques in Singapore

In 2022, approx. 112 tons of artwork; collages and similar decorative plaqueses were imported into Singapore; falling by -30.1% on the previous year's figure. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of 160 tons, and then contracted rapidly in the following year.

In value terms, imports of artwork; collages and similar decorative plaqueses fell sharply to $5.9M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 313% against the previous year. As a result, imports reached the peak of $9.5M, and then dropped significantly in the following year.

Top Suppliers of Artwork; Collages and Similar Decorative Plaques to Singapore in 2022:

1. United States (23.0 tons)
2. China (19.0 tons)
3. United Kingdom (12.1 tons)
4. Netherlands (10.4 tons)
5. Vietnam (9.4 tons)
6. France (7.4 tons)
7. Philippines (4.1 tons)
8. India (3.5 tons)
9. Germany (3.3 tons)
10. Japan (2.4 tons)
11. Malaysia (2.3 tons)
12. Denmark (2.0 tons)
13. Spain (1.9 tons)

Exports of Artwork; Collages and Similar Decorative Plaques in Singapore

In 2022, the amount of artwork; collages and similar decorative plaqueses exported from Singapore totaled 47 tons, picking up by 15% against 2021 figures. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 129%. As a result, the exports reached the peak of 53 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of artwork; collages and similar decorative plaqueses surged to $2.1M in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 189%. As a result, the exports reached the peak of $2.8M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Artwork; Collages and Similar Decorative Plaques from Singapore in 2022:

1. Hong Kong SAR (23.9 tons)
2. Indonesia (9.5 tons)
3. China (3.8 tons)
4. United Arab Emirates (2.1 tons)
5. South Korea (1.7 tons)
6. United Kingdom (1.6 tons)
7. United States (1.5 tons)
8. Australia (0.8 tons)

Source: IndexBox Market Intelligence Platform