Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore - 2023

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore (CIF) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore (FOB) - 2022
3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore
4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore (CIF) - 2022

In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $142 per unit, growing by 41% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 54%. Over the period under review, average import prices attained the maximum at $206 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($999 per unit), while the price for China ($58 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore (FOB) - 2022

The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $229 per unit in 2022, surging by 13% against the previous year. In general, the export price enjoyed temperate growth. The pace of growth was the most pronounced in 2019 an increase of 137% against the previous year. As a result, the export price attained the peak level of $262 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,877 per unit), while the average price for exports to Indonesia ($100 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 Vietnam (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore

In 2022, overseas purchases of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -35.1% to 16K units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 605% against the previous year. As a result, imports reached the peak of 121K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs dropped to $2.3M in 2022. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 123%. As a result, imports reached the peak of $7.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Singapore in 2022:

1. China (11.7K units)
2. Germany (1.9K units)
3. United States (1.0K units)
4. India (0.4K units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Singapore

In 2022, overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -1.3% to 4.9K units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,221%. As a result, the exports reached the peak of 58K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs rose sharply to $1.1M in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 509% against the previous year. As a result, the exports reached the peak of $7.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Singapore in 2022:

1. Indonesia (2818.0 units)
2. Malaysia (1562.0 units)
3. Netherlands (106.0 units)
4. Vietnam (85.0 units)

Source: IndexBox Market Intelligence Platform