Price for Vehicles; Mobile Drilling Derricks in Singapore - 2022
Contents:
- Price for Vehicles; Mobile Drilling Derricks in Singapore (FOB) - 2022
- Price for Vehicles; Mobile Drilling Derricks in Singapore (CIF) - 2022
- Exports of Vehicles; Mobile Drilling Derricks in Singapore
- Imports of Vehicles; Mobile Drilling Derricks in Singapore
Price for Vehicles; Mobile Drilling Derricks in Singapore (FOB) - 2022
The average vehicles; mobile drilling derricks export price stood at $4,008 per unit in 2022, stabilizing at the previous year. Overall, the export price, however, showed a dramatic curtailment. The pace of growth was the most pronounced in 2015 an increase of 1,311%. As a result, the export price reached the peak level of $109,997 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($25,241 per unit), while the average price for exports to Thailand ($5 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 Myanmar (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vehicles; Mobile Drilling Derricks in Singapore (CIF) - 2022
In 2022, the average vehicles; mobile drilling derricks import price amounted to $36,511 per unit, approximately mirroring the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 174% against the previous year. As a result, import price attained the peak level of $263,406 per unit. From 2018 to 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 2022, amid the top importers, the country with the highest price was Germany ($148,473 per unit), while the price for South Korea ($89 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vehicles; Mobile Drilling Derricks in Singapore
In 2022, overseas shipments of vehicles; mobile drilling derrickses decreased by 0% to 8 units for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a deep contraction. The smallest decline of -20% was in 2020. Over the period under review, the exports attained the peak figure at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, vehicles; mobile drilling derricks exports amounted to $32K in 2022. Overall, exports saw a slight contraction. The exports peaked at $33K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Vehicles; Mobile Drilling Derricks in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 21.6 | 24.3 | 24.3 | 25.2 | 5.3% |
| Indonesia | 6.1 | 6.3 | 5.8 | 5.6 | -2.8% |
| Vietnam | 1.1 | 0.9 | 0.7 | 0.5 | -23.1% |
| India | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Malaysia | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Mali | 3.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 33.4 | 32.5 | 31.6 | 32.1 | -1.3% |
Top Export Markets for Vehicles; Mobile Drilling Derricks from Singapore in 2022:
- Australia (1.0 units)
- Myanmar (1.0 units)
- United Arab Emirates (1.0 units)
- Indonesia (1.0 units)
- India (1.0 units)
- Malaysia (1.0 units)
- Vietnam (1.0 units)
- Thailand (1.0 units)
Imports of Vehicles; Mobile Drilling Derricks in Singapore
In 2022, after two years of decline, there was decline in purchases abroad of vehicles; mobile drilling derrickses, when their volume decreased by 0% to 9 units. Over the period under review, imports recorded a noticeable downturn. The smallest decline of -10% was in 2020. Imports peaked at 10 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, vehicles; mobile drilling derricks imports fell slightly to $329K in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15%. Imports peaked at $329K in 2021, and then dropped modestly in the following year.
| Import of Vehicles; Mobile Drilling Derricks in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 108 | 130 | 140 | 148 | 11.1% |
| France | 73.9 | 80.2 | 77.3 | 73.6 | -0.1% |
| Australia | 55.5 | 58.8 | 55.3 | 51.4 | -2.5% |
| India | 31.1 | 35.4 | 35.7 | 35.7 | 4.7% |
| Japan | 7.2 | 15.7 | 14.1 | 12.5 | 20.2% |
| Malaysia | 4.1 | 4.3 | 4.0 | 3.7 | -3.4% |
| China | 2.3 | 2.7 | 2.9 | 3.1 | 10.5% |
| United States | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| South Korea | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Italy | 4.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 286 | 328 | 329 | 329 | 4.8% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to Singapore in 2022:
- Australia (1.0 units)
- India (1.0 units)
- France (1.0 units)
- United States (1.0 units)
- Malaysia (1.0 units)
- China (1.0 units)
- Japan (1.0 units)
- Germany (1.0 units)
- South Korea (1.0 units)
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