Singapore - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire and Cable Price in Singapore - 2022
Contents:
- Wire and Cable Price in Singapore (CIF) - 2022
- Wire and Cable Price in Singapore (FOB) - 2022
- Wire and Cable Imports in Singapore
- Wire and Cable Exports in Singapore
Wire and Cable Price in Singapore (CIF) - 2022
The average wire and cable import price stood at $19,222 per ton in 2022, jumping by 74% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the United States ($20,580 per ton), while the price for Vietnam ($10,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Wire and Cable Price in Singapore (FOB) - 2022
The average wire and cable export price stood at $24,366 per ton in 2022, with an increase of 36% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 554% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($33,350 per ton), while the average price for exports to Myanmar ($2,887 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 Indonesia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wire and Cable Imports in Singapore
In 2022, imports of insulated wire and cable into Singapore shrank to 131K tons, waning by -14.8% against the previous year's figure. Overall, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 154K tons, and then fell in the following year.
In value terms, wire and cable imports surged to $2.5B in 2022. In general, imports, however, showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wire and Cable in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 936 | 0% |
| China | 481 | 425 | 489 | 435 | -3.3% |
| Indonesia | 192 | 238 | 324 | 289 | 14.6% |
| Malaysia | 167 | 153 | 214 | 234 | 11.9% |
| Vietnam | 75.2 | 41.9 | 86.6 | 90.7 | 6.4% |
| South Korea | 48.9 | 63.1 | 77.7 | 88.6 | 21.9% |
| United States | 117 | 116 | 135 | 88.0 | -9.1% |
| Others | 275 | 270 | 373 | 362 | 9.6% |
| Total | 1,356 | 1,307 | 1,700 | 2,523 | 23.0% |
Top Suppliers of Wire and Cable to Singapore in 2022:
- Myanmar (72.1K tons)
- China (36.5K tons)
- Indonesia (19.8K tons)
- Malaysia (19.6K tons)
- Vietnam (8.6K tons)
- South Korea (6.7K tons)
- United States (4.3K tons)
Wire and Cable Exports in Singapore
In 2022, exports of insulated wire and cable from Singapore totaled 64K tons, increasing by 6.6% compared with 2021 figures. Over the period under review, exports, however, saw a abrupt descent.
In value terms, wire and cable exports soared to $1.6B in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.8% 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 +76.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire and Cable in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 8.9 | 7.7 | 1.9 | 665 | 321.2% |
| Indonesia | 149 | 180 | 196 | 223 | 14.4% |
| Malaysia | 123 | 122 | 146 | 151 | 7.1% |
| Japan | 97.8 | 89.3 | 127 | 128 | 9.4% |
| Vietnam | 48.2 | 41.0 | 56.0 | 66.8 | 11.5% |
| Thailand | 35.2 | 38.7 | 55.8 | 53.8 | 15.2% |
| United States | 153 | 180 | 182 | 40.7 | -35.7% |
| Others | 277 | 274 | 316 | 241 | -4.5% |
| Total | 892 | 934 | 1,080 | 1,570 | 20.7% |
Top Export Markets for Wire and Cable from Singapore in 2022:
- Myanmar (230.3K tons)
- Malaysia (11.2K tons)
- Indonesia (8.7K tons)
- Vietnam (4.0K tons)
- Japan (3.8K tons)
- Thailand (3.3K tons)
- United States (2.0K tons)
This report provides an in-depth analysis of the wire and cable 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 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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
-
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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