Pumps; Parts Thereof Price in Singapore - 2022
Contents:
- Pumps; Parts Thereof Price in Singapore (CIF) - 2022
- Pumps; Parts Thereof Price in Singapore (FOB) - 2022
- Pumps; Parts Thereof Imports in Singapore
- Pumps; Parts Thereof Exports in Singapore
Pumps; Parts Thereof Price in Singapore (CIF) - 2022
The average pumps; parts thereof import price stood at $31,392 per ton in 2022, dropping by -1.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. The import price peaked at $35,678 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Japan ($59,382 per ton), while the price for China ($22,031 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Singapore (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $46,438 per ton, dropping by -9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. The export price peaked at $51,899 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($69,474 per ton), while the average price for exports to the United Arab Emirates ($26,448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Singapore
In 2022, imports of pumps; parts thereoves into Singapore stood at 8.7K tons, picking up by 9.6% compared with the previous year. Overall, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, pumps; parts thereof imports stood at $272M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Pumps; Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.5 | 36.5 | 52.3 | 59.8 | 9.5% |
| United States | 49.0 | 39.4 | 40.8 | 46.6 | -1.7% |
| Denmark | 22.7 | 18.6 | 21.4 | 23.3 | 0.9% |
| Germany | 24.1 | 24.0 | 26.6 | 21.6 | -3.6% |
| Japan | 22.7 | 22.1 | 19.9 | 20.3 | -3.7% |
| Norway | 17.9 | 15.4 | 16.5 | 17.5 | -0.8% |
| Italy | 6.1 | 5.9 | 6.4 | 13.9 | 31.6% |
| United Kingdom | 11.8 | 14.3 | 12.5 | 12.4 | 1.7% |
| Taiwan (Chinese) | 8.8 | 5.4 | 6.1 | 8.9 | 0.4% |
| Malaysia | 3.6 | 1.7 | 4.4 | 5.3 | 13.8% |
| India | 2.6 | 2.4 | 3.3 | 4.5 | 20.1% |
| Netherlands | 5.2 | 5.2 | 4.4 | 3.2 | -14.9% |
| Sweden | 11.4 | 4.3 | 1.4 | 1.2 | -52.8% |
| Others | 31.6 | 32.9 | 36.4 | 33.9 | 2.4% |
| Total | 263 | 228 | 252 | 272 | 1.1% |
Top Suppliers of Pumps; Parts Thereof to Singapore in 2022:
- China (2715.6 tons)
- United States (1436.1 tons)
- Germany (664.9 tons)
- Denmark (633.0 tons)
- Norway (539.3 tons)
- Italy (429.1 tons)
- Japan (341.1 tons)
- Taiwan (Chinese) (284.6 tons)
- United Kingdom (210.6 tons)
- Malaysia (170.9 tons)
- India (139.1 tons)
- Netherlands (52.0 tons)
- Sweden (18.7 tons)
Pumps; Parts Thereof Exports in Singapore
In 2022, pumps; parts thereof exports from Singapore soared to 5.1K tons, increasing by 17% on 2021 figures. In general, exports, however, continue to indicate a deep slump.
In value terms, pumps; parts thereof exports stood at $236M in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 6.9%.
| Export of Pumps; Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.5 | 19.8 | 27.2 | 31.6 | -1.9% |
| Indonesia | 37.8 | 31.2 | 29.8 | 28.4 | -9.1% |
| Malaysia | 24.5 | 20.4 | 21.4 | 17.8 | -10.1% |
| United Arab Emirates | 13.7 | 12.1 | 14.9 | 13.2 | -1.2% |
| India | 10.8 | 9.7 | 13.1 | 13.2 | 6.9% |
| China | 12.8 | 12.0 | 12.8 | 12.9 | 0.3% |
| Japan | 13.6 | 16.0 | 14.1 | 12.4 | -3.0% |
| South Korea | 7.9 | 7.1 | 6.3 | 11.7 | 14.0% |
| Australia | 17.1 | 12.3 | 11.7 | 9.8 | -16.9% |
| Ecuador | 19.4 | 3.7 | 2.9 | 9.4 | -21.5% |
| Thailand | 10.0 | 8.3 | 7.5 | 9.2 | -2.7% |
| Philippines | 5.8 | 5.7 | 6.2 | 9.0 | 15.8% |
| Vietnam | 8.5 | 6.4 | 8.1 | 7.2 | -5.4% |
| Others | 78.0 | 43.5 | 46.7 | 50.5 | -13.5% |
| Total | 294 | 208 | 223 | 236 | -7.1% |
Top Export Markets for Pumps; Parts Thereof from Singapore in 2022:
- Indonesia (803.1 tons)
- United States (600.2 tons)
- United Arab Emirates (500.6 tons)
- Malaysia (354.3 tons)
- India (314.0 tons)
- Philippines (205.8 tons)
- Thailand (201.5 tons)
- Japan (200.2 tons)
- China (185.1 tons)
- Australia (184.6 tons)
- South Korea (173.4 tons)
- Ecuador (169.5 tons)
- Vietnam (156.2 tons)
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