Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore - 2023

Contents:

1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore (CIF) - 2022
2. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore (FOB) - 2022
3. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore
4. Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore (CIF) - 2022

In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $752 per unit, increasing by 501% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The import price peaked at $878 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,183 per unit), while the price for China ($101 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore (FOB) - 2022

The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $18 per unit in 2022, declining by -45.9% against the previous year. Overall, the export price faced a sharp shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,651% against the previous year. The export price peaked at $1,485 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,613 per unit), while the average price for exports to Vietnam ($46 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 China (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore

In 2022, imports of furnaces and ovens; industrial or laboratory induction or dielectrics into Singapore dropped rapidly to 11K units, which is down by -52.2% on 2021 figures. Overall, imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. As a result, imports attained the peak of 23K units, and then fell rapidly in the following year.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $7.8M in 2022. In general, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.4% 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 +81.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Singapore in 2022:

1. China (7.7K units)
2. Japan (1.3K units)
3. United States (0.9K units)
4. Germany (0.4K units)
5. United Kingdom (0.1K units)

Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Singapore

In 2022, approx. 11K units of furnaces and ovens; industrial or laboratory induction or dielectrics were exported from Singapore; shrinking by -22% on 2021. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 352% against the previous year. As a result, the exports reached the peak of 15K units, and then reduced dramatically in the following year.

In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics fell to $3M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +58.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $3.3M, and then shrank in the following year.

Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Singapore in 2022:

1. Malaysia (8.5K units)
2. Bangladesh (1.0K units)
3. Indonesia (0.4K units)
4. Australia (0.2K units)
5. United States (0.2K units)
6. Vietnam (0.2K units)
7. Belgium (0.2K units)

Source: IndexBox Market Intelligence Platform