Singapore: Market for Insulated electric conductors for a voltage over 1000 V 2024

Market Size for Insulated electric conductors for a voltage over 1000 V in Singapore

The Singaporean market for insulated electric conductors for a voltage over X v contracted markedly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Exports of Insulated electric conductors for a voltage over 1000 V

Exports from Singapore

Exports of insulated electric conductors for a voltage over X v from Singapore rose notably to X tons in 2022, surging by X% compared with the previous year's figure. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of insulated electric conductors for a voltage over X v amounted to $X in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), China (X tons) and Vietnam (X tons) were the main destinations of exports of insulated electric conductors for a voltage over X v from Singapore, with a combined X% share of total exports. Indonesia, the United States, Thailand, Australia and Myanmar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for insulated electric conductors for a voltage over X v exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average export price for insulated electric conductors for a voltage over X v amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for insulated electric conductors for a voltage over X v decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 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 Malaysia ($X per ton), while the average price for exports to Myanmar ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insulated electric conductors for a voltage over 1000 V

Imports into Singapore

Imports of insulated electric conductors for a voltage over X v into Singapore reduced sharply to X tons in 2022, waning by X% on 2021 figures. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, imports of insulated electric conductors for a voltage over X v shrank markedly to $X in 2022. Over the period under review, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of insulated electric conductors for a voltage over X v to Singapore, with a X% share of total imports. Moreover, imports of insulated electric conductors for a voltage over X v from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

In value terms, China ($X), South Korea ($X) and Vietnam ($X) constituted the largest insulated electric conductors for a voltage over X v suppliers to Singapore, together accounting for X% of total imports. The United States, Indonesia, Malaysia and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for insulated electric conductors for a voltage over X v stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a slight decline. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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