Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore - 2023

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore (CIF) - 2022
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore (CIF) - 2022

The average import price for drawing, marking-out or mathematical calculating instrumentses stood at $1.6 per unit in 2022, rising by 15% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for drawing, marking-out or mathematical calculating instrumentses decreased by -22.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $2.1 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($101 per unit), while the price for China ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore (FOB) - 2022

In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $3.9 per unit, with an increase of 6.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 76% against the previous year. Over the period under review, the average export prices hit record highs at $7.9 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($29 per unit), while the average price for exports to Indonesia ($1.9 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 the United Arab Emirates (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore

In 2022, the amount of drawing, marking-out or mathematical calculating instrumentses imported into Singapore dropped remarkably to 776K units, shrinking by -28.7% on the previous year's figure. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 111%. As a result, imports attained the peak of 1.1M units, and then declined significantly in the following year.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses contracted dramatically to $1.3M in 2022. Overall, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $1.5M, and then contracted dramatically in the following year.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Singapore in 2022:

1. China (614.4K units)
2. Malaysia (122.0K units)
3. Taiwan (Chinese) (9.8K units)
4. Thailand (5.2K units)
5. United States (4.6K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Singapore

After three years of growth, shipments abroad of drawing, marking-out or mathematical calculating instrumentses decreased by -45.2% to 134K units in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 82%. Over the period under review, the exports of reached the peak figure at 244K units in 2021, and then fell markedly in the following year.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses fell notably to $524K in 2022. Over the period under review, exports saw a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs at $897K in 2021, and then reduced dramatically in the following year.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Singapore in 2022:

1. Malaysia (107.7K units)
2. Indonesia (21.0K units)
3. United Arab Emirates (0.4K units)

Source: IndexBox Market Intelligence Platform