Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $29 per unit, which is down by -8.1% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. The export price peaked at $141 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($147 per unit), while the average price for exports to Sri Lanka ($4 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 Indonesia (-2.5%), while the prices for the other major destinations experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $31 per unit, waning by -35.6% against the previous year. Overall, the import price showed a precipitous setback. The pace of growth appeared the most rapid in 2019 an increase of 63%. The import price peaked at $320 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($104 per unit), while the price for Taiwan (Chinese) ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-8.8%), while the prices for the other major suppliers experienced a decline.
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore
In 2022, shipments abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -15.6% to 279K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) hit record highs at 331K units in 2021, and then dropped rapidly in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) shrank dramatically to $8.1M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, the exports attained the peak of $11M, and then dropped remarkably in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,929 | 1,006 | 1,563 | 1,789 | -2.5% |
| Australia | 1,314 | 1,342 | 1,917 | 1,345 | 0.8% |
| Malaysia | 795 | 523 | 547 | 815 | 0.8% |
| China | 346 | 342 | 718 | 588 | 19.3% |
| Maldives | 439 | 103 | 82.8 | 475 | 2.7% |
| United Arab Emirates | 11.6 | 951 | 1,977 | 389 | 222.5% |
| Philippines | 230 | 80.8 | 320 | 286 | 7.5% |
| Pakistan | 115 | 73.2 | 59.1 | 254 | 30.2% |
| India | 268 | 168 | 134 | 216 | -6.9% |
| South Africa | 102 | 185 | 368 | 150 | 13.7% |
| Sri Lanka | 169 | 352 | 328 | 145 | -5.0% |
| Myanmar | 229 | 302 | 58.7 | 41.0 | -43.6% |
| Others | 2,290 | 2,413 | 2,431 | 1,655 | -10.3% |
| Total | 8,237 | 7,840 | 10,503 | 8,147 | -0.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Singapore in 2022:
- Maldives (53.1K units)
- Pakistan (51.9K units)
- India (37.7K units)
- Sri Lanka (36.1K units)
- Indonesia (18.9K units)
- United Arab Emirates (17.2K units)
- Australia (9.2K units)
- Malaysia (8.9K units)
- Philippines (7.6K units)
- China (6.8K units)
- Myanmar (4.4K units)
- South Africa (2.4K units)
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore
In 2022, the amount of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) imported into Singapore soared to 238K units, with an increase of 47% against the year before. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 235% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) fell to $7.3M in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 91%. As a result, imports reached the peak of $7.7M, and then fell in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 1.3 | 3.5 | 2.8 | 15.9% |
| United States | 1.6 | 1.2 | 1.2 | 2.1 | 9.5% |
| Taiwan (Chinese) | 0.7 | 0.7 | 1.5 | 1.3 | 22.9% |
| Others | 0.9 | 0.9 | 1.6 | 1.0 | 3.6% |
| Total | 5.1 | 4.0 | 7.7 | 7.3 | 12.7% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Singapore in 2022:
- China (132.3K units)
- Taiwan (Chinese) (78.2K units)
- United States (20.2K units)
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