Singapore: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in Singapore

In 2022, the Singaporean metal anchors and grapnels market increased by X% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, showed a perceptible descent. Metal anchors and grapnels consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports from Singapore

In 2022, the amount of iron or steel anchors, grapnels exported from Singapore plummeted to X units, falling by X% against the previous year. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal anchors and grapnels exports declined notably to $X in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Mexico (X units) were the main destinations of metal anchors and grapnels exports from Singapore, with a combined X% share of total exports. Christmas Island, Bangladesh, Australia, Azerbaijan, China and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Mexico ($X) constituted the largest markets for metal anchors and grapnels exported from Singapore worldwide, together accounting for X% of total exports. Australia, Thailand, Bangladesh, China, Christmas Island and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal anchors and grapnels export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Christmas Island ($X 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports into Singapore

In 2022, purchases abroad of iron or steel anchors, grapnels increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal anchors and grapnels imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal anchors and grapnels to Singapore, with a X% share of total imports. Moreover, metal anchors and grapnels imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), eightfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel anchors, grapnels to Singapore, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the UK (X% per year).

Import Prices by Country

The average metal anchors and grapnels import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 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 the UK ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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