Price for Tugs and Pusher Craft in Singapore - 2022
Contents:
- Price for Tugs and Pusher Craft in Singapore (FOB) - 2022
- Price for Tugs and Pusher Craft in Singapore (CIF) - 2022
- Exports of Tugs and Pusher Craft in Singapore
- Imports of Tugs and Pusher Craft in Singapore
Price for Tugs and Pusher Craft in Singapore (FOB) - 2022
In 2022, the average tugs and pusher craft export price amounted to $6,077,468 per unit, dropping by -3% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 154%. The export price peaked at $6,510,491 per unit in 2019; however, from 2020 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 China ($11,938,899 per unit), while the average price for exports to Mauritius ($1,936 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 Egypt (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tugs and Pusher Craft in Singapore (CIF) - 2022
The average tugs and pusher craft import price stood at $10,782 per unit in 2022, falling by -27.2% against the previous year. Overall, the import price showed a precipitous descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41% against the previous year. The import price peaked at $372,446 per unit in 2017; however, from 2018 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 India ($362,172 per unit), while the price for the Philippines ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tugs and Pusher Craft in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of tugs and pusher crafts, which decreased by -4.2% to 23 units in 2022. Over the period under review, exports recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at 30 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, tugs and pusher craft exports dropped to $143M in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. The exports peaked at $196M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tugs and Pusher Craft in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.0 | 27.1 | N/A | 12.1 | 0.3% |
| China | 2.4 | 3.1 | 12.5 | 9.2 | 56.5% |
| Mauritania | 11.7 | 8.1 | 9.6 | 6.1 | -19.5% |
| Saudi Arabia | 1.1 | 16.0 | 0.3 | 5.6 | 72.0% |
| Egypt | N/A | N/A | 0.1 | 4.1 | 4000.0% |
| Nigeria | 0.5 | 4.0 | 5.5 | 4.0 | 100.0% |
| Cyprus | 5.8 | 1.0 | 4.0 | 2.9 | -20.6% |
| Indonesia | N/A | 0.1 | 2.6 | 1.9 | 335.9% |
| Oman | 2.8 | 2.1 | 2.7 | 1.8 | -13.7% |
| Paraguay | 0.7 | 0.5 | 0.7 | 0.5 | -10.6% |
| South Korea | 0.5 | 0.2 | N/A | 0.2 | -26.3% |
| Sri Lanka | N/A | N/A | N/A | N/A | 0% |
| Mauritius | N/A | N/A | N/A | N/A | 0% |
| Others | 159 | 73.2 | 112 | 94.2 | -16.0% |
| Total | 196 | 135 | 150 | 143 | -10.0% |
Top Export Markets for Tugs and Pusher Craft from Singapore in 2022:
- Saudi Arabia (3.0 units)
- Mauritania (2.0 units)
- Egypt (2.0 units)
- Indonesia (2.0 units)
- Nigeria (2.0 units)
- Oman (1.0 units)
- India (1.0 units)
- Mauritius (1.0 units)
- Sri Lanka (1.0 units)
- China (1.0 units)
- Paraguay (1.0 units)
- Cyprus (1.0 units)
- South Korea (1.0 units)
Imports of Tugs and Pusher Craft in Singapore
In 2022, the amount of tugs and pusher crafts imported into Singapore soared to 18 units, with an increase of 20% against the previous year. Over the period under review, imports, however, saw a sharp slump. Imports peaked at 386 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, tugs and pusher craft imports reduced rapidly to $192K in 2022. Overall, imports, however, faced a significant contraction. Over the period under review, imports reached the maximum at $94M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Tugs and Pusher Craft in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.3 | 0.1 | N/A | N/A | -99.3% |
| South Korea | 1.0 | N/A | N/A | N/A | 0% |
| Thailand | 6.1 | 0.1 | N/A | N/A | -98.4% |
| Sri Lanka | N/A | N/A | N/A | N/A | 0% |
| Vietnam | 13.4 | 0.1 | N/A | N/A | -99.3% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| India | 16.8 | 0.3 | N/A | N/A | -98.2% |
| Indonesia | 2.9 | 0.1 | N/A | N/A | -96.6% |
| Philippines | N/A | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Yemen | 3.3 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 6.0 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Others | 30.3 | 0.1 | N/A | N/A | -99.7% |
| Total | 94.0 | 0.9 | 0.2 | 0.2 | -87.1% |
Top Suppliers of Tugs and Pusher Craft to Singapore in 2022:
- Thailand (11.0 units)
- United States (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Philippines (1.0 units)
- United Kingdom (1.0 units)
- Sri Lanka (1.0 units)
- South Korea (1.0 units)
- Yemen (1.0 units)
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