Singapore - Brooms And Brushes Of Twigs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTwig Broom Price in Singapore - 2022
Contents:
- Twig Broom Price in Singapore (CIF) - 2022
- Twig Broom Price in Singapore (FOB) - 2022
- Twig Broom Imports in Singapore
- Twig Broom Exports in Singapore
Twig Broom Price in Singapore (CIF) - 2022
In September 2022, the average twig broom import price amounted to $592 per thousand units, waning by -25% against the previous month. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 122% m-o-m. Over the period under review, average import prices reached the maximum at $899 per thousand units in May 2022; however, from June 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($651 per thousand units), while the price for Sri Lanka ($399 per thousand units) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%), while the prices for the other major suppliers experienced a decline.
Twig Broom Price in Singapore (FOB) - 2022
In 2022, the average twig broom export price amounted to $0.7 per unit, declining by -15.3% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 80%. The export price peaked at $1.1 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Myanmar ($3.5 per unit), while the average price for exports to Indonesia ($0.4 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 Myanmar (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Twig Broom Imports in Singapore
In 2022, approx. 1.5M units of brooms and brushes of twigs were imported into Singapore; which is down by -30.6% against the previous year. Overall, imports recorded a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 67%. As a result, imports attained the peak of 2.2M units, and then shrank markedly in the following year.
In value terms, twig broom imports stood at $807K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Twig Broom in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 498 | 462 | 502 | 550 | 3.4% |
| Sri Lanka | 64.8 | 27.5 | 39.5 | 83.8 | 8.9% |
| Indonesia | 45.3 | 31.7 | 19.1 | 55.8 | 7.2% |
| Malaysia | 50.8 | 103 | 66.3 | 29.3 | -16.8% |
| Thailand | 18.5 | 20.5 | 17.9 | 21.6 | 5.3% |
| Myanmar | 44.8 | 16.1 | 6.9 | 9.0 | -41.4% |
| Others | 73.7 | 100 | 100 | 57.4 | -8.0% |
| Total | 796 | 761 | 752 | 807 | 0.5% |
Top Suppliers of Twig Broom to Singapore in 2022:
- China (1035.6K units)
- Sri Lanka (193.7K units)
- Indonesia (155.5K units)
- Thailand (62.5K units)
- Malaysia (39.4K units)
- Myanmar (15.0K units)
Twig Broom Exports in Singapore
In 2022, the amount of brooms and brushes of twigs exported from Singapore surged to 140K units, growing by 44% compared with the previous year. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, twig broom exports soared to $99K in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $100K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Twig Broom in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 38.1 | 17.7 | 21.7 | 47.5 | 7.6% |
| Indonesia | 4.9 | 8.8 | 21.6 | 25.5 | 73.3% |
| Malaysia | 26.8 | 24.4 | 22.4 | 17.2 | -13.7% |
| Sri Lanka | 15.8 | 3.3 | N/A | 2.4 | -46.6% |
| Brunei Darussalam | 4.6 | 1.0 | 0.6 | 0.5 | -52.3% |
| Oman | 3.7 | 7.5 | N/A | N/A | 102.7% |
| Others | 5.7 | 10.5 | 14.9 | 5.9 | 1.2% |
| Total | 99.6 | 73.3 | 81.2 | 99.1 | -0.2% |
Top Export Markets for Twig Broom from Singapore in 2022:
- Maldives (62.5K units)
- Indonesia (60.0K units)
- Malaysia (14.0K units)
- Sri Lanka (0.6K units)
- Brunei Darussalam (0.5K units)
This report provides an in-depth analysis of the twig broom market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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