Singapore: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in Singapore

The Singaporean way-type unit head market shrank sharply to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Way-Type Unit Head Production in Singapore

In value terms, way-type unit head production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020, and then contracted dramatically in the following year.

Way-Type Unit Head Exports

Exports from Singapore

In 2021, exports of way-type unit heads for working metal from Singapore reduced sharply to X tons, which is down by -X% compared with 2020 figures. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, way-type unit head exports contracted notably to $X in 2021. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for way-type unit head exports from Singapore, with a X% share of total exports. Moreover, way-type unit head exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +X%.

In value terms, Malaysia ($X) remains the key foreign market for way-type unit head exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +X%.

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-X%).

Way-Type Unit Head Imports

Imports into Singapore

In 2021, purchases abroad of way-type unit heads for working metal increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, way-type unit head imports soared to $X in 2021. Overall, imports, however, saw a sharp setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest way-type unit head supplier to Singapore, accounting for a X% share of total imports. Moreover, way-type unit head imports from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. The third position in this ranking was held by the United States (X kg), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and the United States (-X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of way-type unit head to Singapore, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average way-type unit head import price amounted to $X per ton, waning by less than X% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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