Singapore - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Driving and Non-Driving Axle in Singapore - 2022
Contents:
- Price for Driving and Non-Driving Axle in Singapore (CIF) - 2022
- Price for Driving and Non-Driving Axle in Singapore (FOB) - 2022
- Imports of Driving and Non-Driving Axle in Singapore
- Exports of Driving and Non-Driving Axle in Singapore
Price for Driving and Non-Driving Axle in Singapore (CIF) - 2022
In 2022, the average driving and non-driving axle import price amounted to $8,704 per ton, increasing by 1.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 8% against the previous year. The import price peaked at $9,531 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($12,189 per ton) and the UK ($8,545 per ton), while the price for Mexico ($8,439 per ton) and India ($8,544 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Driving and Non-Driving Axle in Singapore (FOB) - 2022
The average driving and non-driving axle export price stood at $7,927 per ton in 2022, increasing by 2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.2%. The export price peaked at $9,372 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($12,884 per ton), while the average price for exports to the United States ($7,669 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 Taiwan (Chinese) (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Driving and Non-Driving Axle in Singapore
In 2022, the amount of drive-axles with differential and non-driving axles imported into Singapore surged to 4.7K tons, increasing by 30% on 2021 figures. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, driving and non-driving axle imports surged to $41M in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Driving and Non-Driving Axle in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.9 | 10.4 | 8.9 | 17.5 | 30.4% |
| India | 3.7 | 2.4 | 4.7 | 10.0 | 39.3% |
| Mexico | 0.6 | 1.4 | 1.9 | 3.8 | 85.0% |
| China | 0.9 | 1.5 | 1.9 | 2.3 | 36.7% |
| Germany | 2.7 | 5.0 | 7.2 | 2.2 | -6.6% |
| United Kingdom | 1.0 | 0.9 | 0.9 | 1.5 | 14.5% |
| Italy | 0.5 | 0.4 | 1.1 | 0.8 | 17.0% |
| France | 0.5 | 2.2 | 0.2 | 0.6 | 6.3% |
| Others | 2.2 | 3.2 | 4.3 | 2.4 | 2.9% |
| Total | 20.0 | 27.3 | 31.1 | 41.0 | 27.0% |
Top Suppliers of Driving and Non-Driving Axle to Singapore in 2022:
- United States (2052.6 tons)
- India (1169.3 tons)
- Mexico (446.6 tons)
- Germany (256.1 tons)
- China (189.6 tons)
- United Kingdom (178.8 tons)
- Italy (88.9 tons)
- France (65.9 tons)
Exports of Driving and Non-Driving Axle in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of drive-axles with differential and non-driving axles, which increased by 5% to 2.9K tons in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, driving and non-driving axle exports rose notably to $23M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Driving and Non-Driving Axle in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.6 | 4.1 | 3.1 | 3.9 | 34.6% |
| United States | 0.4 | 0.7 | 0.7 | 3.7 | 109.9% |
| Indonesia | 2.2 | 4.4 | 5.7 | 3.0 | 10.9% |
| Belgium | 1.0 | 1.2 | 2.0 | 2.8 | 40.9% |
| Australia | 1.5 | 1.3 | 2.4 | 2.5 | 18.6% |
| Malaysia | 0.7 | 0.3 | 2.5 | 1.4 | 26.0% |
| India | 0.4 | 1.9 | 2.3 | 1.2 | 44.2% |
| Taiwan (Chinese) | 1.6 | 1.0 | 0.7 | 0.6 | -27.9% |
| Mongolia | 0.6 | 0.7 | 0.4 | 0.1 | -45.0% |
| Others | 2.9 | 2.0 | 1.9 | 4.0 | 11.3% |
| Total | 13.0 | 17.6 | 21.7 | 23.3 | 21.5% |
Top Export Markets for Driving and Non-Driving Axle from Singapore in 2022:
- Thailand (494.9 tons)
- United States (488.7 tons)
- Indonesia (383.5 tons)
- Belgium (358.3 tons)
- Australia (325.6 tons)
- Malaysia (179.0 tons)
- India (154.2 tons)
- Taiwan (Chinese) (48.6 tons)
- Mongolia (14.1 tons)
This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts
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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