Price for Ivory and Articles Thereof; Worked in Singapore - 2022

Contents:

1. Price for Ivory and Articles Thereof; Worked in Singapore (CIF) - 2022
2. Price for Ivory and Articles Thereof; Worked in Singapore (FOB) - 2022
3. Imports of Ivory and Articles Thereof; Worked in Singapore
4. Exports of Ivory and Articles Thereof; Worked in Singapore

Price for Ivory and Articles Thereof; Worked in Singapore (CIF) - 2022

In 2022, the average import price for ivory and articles thereof; worked amounted to $17,699 per ton, picking up by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 146% against the previous year. As a result, import price attained the peak level of $40,491 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($92,644 per ton), while the price for Japan ($4,501 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ivory and Articles Thereof; Worked in Singapore (FOB) - 2022

In 2022, the average export price for ivory and articles thereof; worked amounted to $715,286 per ton, rising by 1,453% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,095,680 per ton), while the average price for exports to Hong Kong SAR ($38,277 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 the United States (+122.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ivory and Articles Thereof; Worked in Singapore

In 2022, imports of ivory and articles thereof; worked into Singapore contracted markedly to 2.3 tons, waning by -87.7% against the year before. Over the period under review, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 321%. As a result, imports reached the peak of 18 tons, and then contracted markedly in the following year.

In value terms, ivory and articles thereof; worked imports contracted rapidly to $40K in 2022. Overall, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 279%. As a result, imports reached the peak of $271K, and then reduced sharply in the following year.

Top Suppliers of Ivory and Articles Thereof; Worked to Singapore in 2022:

1. United States (1162.0 kg)
2. China (846.0 kg)
3. United Kingdom (169.0 kg)
4. Japan (50.0 kg)
5. France (31.0 kg)

Exports of Ivory and Articles Thereof; Worked in Singapore

In 2022, the amount of ivory and articles thereof; worked exported from Singapore soared to 765 kg, picking up by 22% on the previous year. Overall, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 298%. As a result, the exports reached the peak of 17 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ivory and articles thereof; worked exports soared to $547K in 2022. Over the period under review, exports recorded a significant expansion.

Top Export Markets for Ivory and Articles Thereof; Worked from Singapore in 2022:

1. Australia (444.0 kg)
2. United States (167.0 kg)
3. Hong Kong SAR (152.0 kg)

Source: IndexBox Market Intelligence Platform