Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore - 2023

Contents:

  1. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (CIF) - 2022
  2. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (FOB) - 2022
  3. Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore
  4. Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (CIF) - 2022

In 2022, the average import price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $72,117 per ton, rising by 11% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($267,314 per ton), while the price for China ($10,683 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (FOB) - 2022

The average export price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds stood at $172,834 per ton in 2022, surging by 49% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 57% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($272,625 per ton), while the average price for exports to Thailand ($46,690 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 Japan (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore

In 2022, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds into Singapore soared to 1.6K tons, rising by 19% compared with the previous year. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +80.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds skyrocketed to $114M in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 79% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic RepublicN/AN/A11.051.6369.1%
United States21.417.019.122.92.3%
Sweden23.99.110.912.8-18.8%
Japan8.09.08.47.8-0.8%
Netherlands4.73.47.27.114.7%
Germany3.83.63.63.1-6.6%
China1.61.91.93.124.7%
VietnamN/AN/A18.2N/A0%
Others6.04.25.75.8-1.1%
Total69.448.286.111418.0%

Top Suppliers of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated to Singapore in 2022:

  1. Lao People's Democratic Republic (488.3 tons)
  2. China (293.1 tons)
  3. Germany (280.3 tons)
  4. United States (204.2 tons)
  5. Netherlands (150.1 tons)
  6. Sweden (47.9 tons)
  7. Japan (34.2 tons)

Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore

Exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds from Singapore contracted rapidly to 264 tons in 2022, waning by -34.9% compared with the year before. Overall, exports continue to indicate a precipitous descent. The smallest decline of -12.4% was in 2021.

In value terms, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds reduced slightly to $46M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $47M, and then reduced in the following year.

Export of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.213.014.218.421.7%
India5.24.56.26.36.6%
South Korea5.56.611.35.60.6%
Japan3.13.13.53.32.1%
Taiwan (Chinese)2.52.72.71.8-10.4%
Australia1.21.41.51.610.1%
United States1.01.91.31.514.5%
Thailand0.81.51.41.214.5%
Ireland8.0N/AN/AN/A0%
Others5.94.74.86.00.6%
Total43.539.347.145.61.6%

Top Export Markets for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated from Singapore in 2022:

  1. China (69.7 tons)
  2. South Korea (35.5 tons)
  3. India (31.1 tons)
  4. Thailand (26.5 tons)
  5. Australia (18.8 tons)
  6. Taiwan (Chinese) (18.0 tons)
  7. Japan (12.0 tons)
  8. United States (11.3 tons)

Source: IndexBox Market Intelligence Platform

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