Price for Floating or Submersible Drilling or Production Platforms in Singapore - 2023

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Singapore (FOB) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in Singapore (CIF) - 2022
3. Exports of Floating or Submersible Drilling or Production Platforms in Singapore
4. Imports of Floating or Submersible Drilling or Production Platforms in Singapore

Price for Floating or Submersible Drilling or Production Platforms in Singapore (FOB) - 2022

The average export price for floating or submersible drilling or production platformses stood at $180,289,285 per unit in 2022, approximately reflecting the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 48,983% against the previous year. The export price peaked at $334,791,386 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($269,484,344 per unit), while the average price for exports to Malaysia ($24,145 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 Azerbaijan (+74.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in Singapore (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $6,605,741 per unit in 2022, approximately equating the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 2,539,803,608%. The import price peaked at $26,200,170 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($77,553,348 per unit), while the price for the United States ($4,544 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+693.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Floating or Submersible Drilling or Production Platforms in Singapore

In 2022, after two years of decline, there was decline in shipments abroad of floating or submersible drilling or production platformses, when their volume decreased by 0% to 13 units. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of floating or submersible drilling or production platformses stood at $2.3B in 2022. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from Singapore in 2022:

1. United States (4.0 units)
2. Norway (3.0 units)
3. Bahrain (1.0 units)
4. Australia (1.0 units)
5. Myanmar (1.0 units)
6. United Arab Emirates (1.0 units)
7. Indonesia (1.0 units)
8. Malaysia (1.0 units)

Imports of Floating or Submersible Drilling or Production Platforms in Singapore

After two years of decline, overseas purchases of floating or submersible drilling or production platformses decreased by 0% to 12 units in 2022. In general, imports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of floating or submersible drilling or production platformses stood at $79M in 2022. Over the period under review, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Singapore in 2022:

1. Italy (7.0 units)
2. Australia (1.0 units)
3. Indonesia (1.0 units)
4. United States (1.0 units)
5. Netherlands (1.0 units)
6. China (1.0 units)

Source: IndexBox Market Intelligence Platform