Report Update: May 1, 2024

Singapore - Castors With Mountings Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Castor Mounting Price in Singapore - 2022

Metal Castor Mounting Price in Singapore (CIF) - 2022

In 2022, the average metal castor mounting import price amounted to $7,771 per ton, rising by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 Taiwan (Chinese) ($11,196 per ton), while the price for Indonesia ($5,221 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Castor Mounting Price in Singapore (FOB) - 2022

In 2022, the average metal castor mounting export price amounted to $7,669 per ton, picking up by 4.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12% against the previous year. The export price peaked at $10,196 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($7,551 per ton) and Hong Kong SAR ($7,523 per ton), while the average price for exports to Austria ($7,421 per ton) and China ($7,501 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports in Singapore

In 2022, the amount of castors with mountings of base metal imported into Singapore expanded significantly to 912 tons, picking up by 13% compared with 2021 figures. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year.

In value terms, metal castor mounting imports surged to $7.1M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Metal Castor Mounting in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,377	1,721	1,981	2,270	-1.5%
United States	623	842	1,091	1,819	42.9%
Japan	504	533	1,062	850	19.0%
Germany	986	352	533	839	-5.2%
Taiwan (Chinese)	387	238	278	353	-3.0%
Malaysia	179	171	402	340	23.8%
South Korea	115	129	189	149	9.0%
Others	782	661	411	468	-15.7%
Total	5,952	4,646	5,947	7,086	6.0%

Top Suppliers of Metal Castor Mounting to Singapore in 2022:

China (350.1 tons)
United States (240.8 tons)
Germany (111.1 tons)
Japan (76.9 tons)
Malaysia (33.1 tons)
Taiwan (Chinese) (31.5 tons)
South Korea (15.2 tons)

Metal Castor Mounting Exports in Singapore

In 2022, approx. 482 tons of castors with mountings of base metal were exported from Singapore; growing by 18% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern.

In value terms, metal castor mounting exports soared to $3.7M in 2022. Overall, exports, however, showed a abrupt curtailment.

Export of Metal Castor Mounting in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	1,345	1,484	1,650	1,712	8.4%
Philippines	40.3	66.1	57.0	365	108.4%
China	276	24.4	31.6	245	-3.9%
South Korea	35.7	35.6	96.3	208	79.9%
United States	78.9	754	65.8	190	34.0%
Japan	770	232	110	167	-39.9%
Bangladesh	8.4	0.4	157	155	164.3%
Hong Kong SAR	358	56.6	31.6	106	-33.3%
Germany	60.5	72.2	11.9	79.8	9.7%
Indonesia	1,431	59.0	98.2	77.0	-62.2%
Thailand	271	89.5	51.7	75.2	-34.8%
Others	366	417	625	318	-4.6%
Total	5,041	3,290	2,987	3,697	-9.8%

Top Export Markets for Metal Castor Mounting from Singapore in 2022:

Malaysia (227.7 tons)
Philippines (48.6 tons)
China (32.6 tons)
South Korea (27.6 tons)
United States (25.2 tons)
Japan (22.2 tons)
Bangladesh (20.6 tons)
Hong Kong SAR (14.1 tons)
Germany (10.6 tons)
Indonesia (10.2 tons)
Thailand (10.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal castor mounting 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 25721420 - Castors with mountings of base metal

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023