Report Update: Apr 1, 2024

Singapore - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Non-Electric Central Heating Radiator in Singapore - 2022

Price for Non-Electric Central Heating Radiator in Singapore (CIF) - 2022

In September 2022, the average non-electric central heating radiator import price amounted to $14.0 per unit, rising by 45% against the previous month. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 590% month-to-month. As a result, import price reached the peak level of $23.3 per unit. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($17.9 per unit), while the price for India ($7.5 per unit) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Electric Central Heating Radiator in Singapore (FOB) - 2022

The average non-electric central heating radiator export price stood at $4.1 per unit in 2022, rising by 42% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric central heating radiator export price increased by +84.5% against 2017 indices. As a result, the export price attained 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 Japan ($5.7 per unit), while the average price for exports to Vietnam ($2.6 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 Qatar (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electric Central Heating Radiator in Singapore

In 2022, non-electric central heating radiator imports into Singapore dropped modestly to 2.5M units, waning by -3.3% against the previous year's figure. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked at 2.8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-electric central heating radiator imports rose to $8.4M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Non-Electric Central Heating Radiator in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	6.0	4.7	5.6	5.7	-1.7%
China	1.9	1.8	2.2	2.0	1.7%
Australia	0.1	N/A	0.3	0.3	44.2%
Others	0.3	0.1	0.2	0.3	0.0%
Total	8.3	6.6	8.2	8.4	0.4%

Top Suppliers of Non-Electric Central Heating Radiator to Singapore in 2022:

Malaysia (1694.1K units)
China (643.9K units)
Australia (86.5K units)

Exports of Non-Electric Central Heating Radiator in Singapore

In 2022, approx. 457K units of radiators for central heating (not electrically heated) were exported from Singapore; which is down by -30.8% compared with 2021. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 55%. Over the period under review, the exports hit record highs at 844K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-electric central heating radiator exports dropped modestly to $1.9M in 2022. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. The exports peaked at $2.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Non-Electric Central Heating Radiator in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	139	89.2	164	552	58.4%
United States	18.9	219	449	457	189.2%
Indonesia	334	149	348	349	1.5%
Malaysia	106	77.0	59.7	153	13.0%
Australia	115	35.7	90.3	107	-2.4%
South Korea	N/A	7.7	52.7	60.8	181.0%
Qatar	189	N/A	233	45.7	-37.7%
Vietnam	71.1	195	59.8	38.4	-18.6%
Maldives	84.5	18.0	43.2	7.3	-55.8%
Hong Kong SAR	192	191	10.3	N/A	-76.8%
United Arab Emirates	268	14.8	N/A	N/A	-94.5%
Bahrain	316	N/A	N/A	N/A	0%
Others	230	252	409	110	-21.8%
Total	2,065	1,249	1,919	1,880	-3.1%

Top Export Markets for Non-Electric Central Heating Radiator from Singapore in 2022:

United Arab Emirates (undefinedK units)
United States (152.1K units)
Japan (96.8K units)
Indonesia (83.8K units)
Malaysia (35.6K units)
Australia (29.7K units)
South Korea (20.2K units)
Vietnam (14.7K units)
Qatar (8.9K units)
Maldives (1.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-electric central heating radiator in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023