Price for Machines; Parts and Accessories, of Heading No. 8472 in Singapore - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Singapore (FOB) - 2022
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Singapore (CIF) - 2022
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Singapore
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Singapore
Price for Machines; Parts and Accessories, of Heading No. 8472 in Singapore (FOB) - 2022
In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $87,330 per ton, dropping by -4.8% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $114,287 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($141,239 per ton), while the average price for exports to Malaysia ($69,876 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 Netherlands (+2.4%), while the prices for the other major destinations experienced a decline.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Singapore (CIF) - 2022
The average import price for machines; parts and accessories, of heading no. 8472 stood at $77,176 per ton in 2022, waning by -9.6% against the previous year. Overall, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 4.9% against the previous year. Over the period under review, average import prices attained the peak figure at $92,658 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($132,580 per ton), while the price for the Philippines ($66,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced a decline.
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Singapore
In 2022, shipments abroad of machines; parts and accessories, of heading no. 8472 decreased by -7.2% to 197 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 5.8% against the previous year. As a result, the exports reached the peak of 273 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of machines; parts and accessories, of heading no. 8472 reduced to $17M in 2022. In general, exports continue to indicate a abrupt decline. The smallest decline of -7.7% was in 2020.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 6.0 | 5.5 | 6.4 | 4.6% |
| Netherlands | 0.4 | 0.3 | 0.4 | 2.7 | 89.0% |
| Malaysia | 4.3 | 1.4 | 2.6 | 1.1 | -36.5% |
| Vietnam | 1.5 | 2.2 | 1.3 | 1.1 | -9.8% |
| Thailand | 2.4 | 2.1 | 1.2 | 1.1 | -22.9% |
| Philippines | 1.1 | 0.8 | 0.8 | 0.7 | -14.0% |
| Hong Kong SAR | 0.8 | 1.0 | 1.0 | 0.7 | -4.4% |
| Germany | 3.7 | 1.2 | 1.5 | 0.6 | -45.5% |
| India | 0.4 | 1.7 | 1.2 | 0.5 | 7.7% |
| Indonesia | 2.3 | 2.0 | 1.1 | 0.4 | -44.2% |
| Taiwan (Chinese) | 1.3 | 1.0 | 0.4 | 0.3 | -38.7% |
| Australia | 1.1 | 2.7 | 1.1 | 0.2 | -43.3% |
| Cambodia | 0.9 | 1.3 | 0.4 | N/A | -33.3% |
| Others | 2.4 | 2.1 | 1.0 | 1.3 | -18.5% |
| Total | 28.0 | 25.8 | 19.4 | 17.2 | -15.0% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Singapore in 2022:
- United States (77.2 tons)
- Netherlands (19.3 tons)
- Malaysia (16.0 tons)
- Thailand (14.7 tons)
- Vietnam (14.5 tons)
- Philippines (9.1 tons)
- Hong Kong SAR (8.5 tons)
- Germany (7.7 tons)
- India (6.6 tons)
- Indonesia (5.9 tons)
- Taiwan (Chinese) (3.5 tons)
- Australia (2.9 tons)
- Cambodia (0.6 tons)
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Singapore
In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into Singapore declined dramatically to 221 tons, waning by -29.6% against the previous year's figure. In general, imports continue to indicate a abrupt curtailment. The smallest decline of -1.7% was in 2021.
In value terms, imports of machines; parts and accessories, of heading no. 8472 reduced markedly to $17M in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.5%.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.9 | 6.0 | 5.4 | 5.6 | -6.7% |
| Germany | 4.6 | 3.3 | 3.7 | 2.3 | -20.6% |
| China | 3.8 | 5.7 | 3.3 | 2.2 | -16.7% |
| Philippines | 0.8 | 1.0 | 4.2 | 2.1 | 37.9% |
| Japan | 2.1 | 1.0 | 4.8 | 1.5 | -10.6% |
| India | 0.6 | 1.3 | 0.7 | 0.6 | 0.0% |
| United States | 2.0 | 1.2 | 1.1 | 0.5 | -37.0% |
| Hungary | 0.5 | 0.9 | 0.4 | 0.3 | -15.7% |
| Malaysia | 6.0 | 3.4 | 1.2 | 0.3 | -63.2% |
| Others | 1.9 | 2.6 | 2.0 | 1.6 | -5.6% |
| Total | 29.2 | 26.4 | 26.8 | 17.0 | -16.5% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Singapore in 2022:
- Indonesia (74.5 tons)
- Germany (34.2 tons)
- Philippines (31.2 tons)
- Japan (21.5 tons)
- China (16.4 tons)
- India (9.1 tons)
- United States (7.3 tons)
- Hungary (4.6 tons)
- Malaysia (3.9 tons)
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This report provides an in-depth analysis of the computing machinery market in Singapore.
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This report provides an in-depth analysis of the global computing machinery market.
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