Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore - 2023

Contents:

1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore (FOB) - 2022
2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore (CIF) - 2022
3. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore
4. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore (FOB) - 2022

The average export price for clasps and frames with clasps stood at $24,930 per ton in 2022, picking up by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 18%. As a result, the export price attained the peak level of $32,966 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($25,034 per ton) and Japan ($24,950 per ton), while the average price for exports to Thailand ($24,689 per ton) and Taiwan (Chinese) ($24,918 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 France (+26.5%), while the prices for the other major destinations experienced a decline.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore (CIF) - 2022

In 2022, the average import price for clasps and frames with clasps amounted to $15,791 per ton, with an increase of 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $16,049 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($16,294 per ton) and the United States ($15,869 per ton), while the price for the UK ($13,821 per ton) and Bosnia and Herzegovina ($15,845 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore

In 2022, exports of clasps and frames with clasps from Singapore soared to 33 tons, growing by 39% against 2021 figures. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of clasps and frames with clasps surged to $811K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Singapore in 2022:

1. China (20.7 tons)
2. France (3.0 tons)
3. Germany (3.0 tons)
4. Malaysia (1.9 tons)
5. Indonesia (1.6 tons)
6. Taiwan (Chinese) (0.6 tons)
7. Japan (0.5 tons)
8. Philippines (0.4 tons)
9. United States (0.1 tons)

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Singapore

Imports of clasps and frames with clasps into Singapore contracted markedly to 17 tons in 2022, declining by -76.3% compared with the previous year. In general, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. As a result, imports reached the peak of 72 tons, and then shrank significantly in the following year.

In value terms, imports of clasps and frames with clasps reduced remarkably to $271K in 2022. Over the period under review, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 155%. As a result, imports attained the peak of $994K, and then reduced sharply in the following year.

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Singapore in 2022:

1. China (6.5 tons)
2. Germany (2.5 tons)
3. Spain (2.5 tons)
4. United States (1.5 tons)
5. Israel (1.2 tons)
6. United Kingdom (0.6 tons)
7. Bosnia and Herzegovina (0.6 tons)
8. Malaysia (0.3 tons)
9. Italy (0.1 tons)
10. Taiwan (Chinese) (0.1 tons)
11. Thailand (0.1 tons)

Source: IndexBox Market Intelligence Platform