Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $551,822 per ton, with an increase of 59% against the previous year. Over the period under review, the import price recorded a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($352,127 per ton), while the price for Poland ($120,923 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $608,378 per ton, surging by 271% against the previous year. In general, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($358,430 per ton), while the average price for exports to Vietnam ($157,061 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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore

In 2022, overseas purchases of balances; of a sensitivity of 5cg or better, with or without weightses were finally on the rise to reach 14 tons after two years of decline. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses surged to $3.2M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Singapore in 2022:

1. Switzerland (4.3 tons)
2. China (3.9 tons)
3. Germany (3.4 tons)
4. Japan (1.2 tons)
5. Philippines (0.4 tons)
6. United States (0.4 tons)
7. Poland (0.3 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Singapore

After three years of growth, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -27.6% to 8.4 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 288%. As a result, the exports attained the peak of 12 tons, and then contracted rapidly in the following year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $2.5M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 240% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Singapore in 2022:

1. China (5.0 tons)
2. Indonesia (1.1 tons)
3. Vietnam (0.8 tons)
4. Myanmar (0.4 tons)
5. Philippines (0.3 tons)
6. Malaysia (0.3 tons)
7. Bangladesh (0.2 tons)

Source: IndexBox Market Intelligence Platform