Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore (CIF) - 2023
2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore (FOB) - 2022
3. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore
4. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore (CIF) - 2023

In September 2022, the average import price for non-electric iron or steel central heating radiators of cast iron amounted to $67.9 per unit, with an increase of 105% against the previous month. In general, the import price saw a significant expansion. The growth pace was the most rapid in July 2022 when the average import price increased by 229% m-o-m. Over the period under review, average import prices hit record highs in September 2022.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2022 to September 2022, the rate of growth in terms of prices for China amounted to +52.1% per month.

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore (FOB) - 2022

In 2022, the average export price for non-electric iron or steel central heating radiators of cast iron amounted to $21 per unit, surging by 69% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($80 per unit), while the average price for exports to Vietnam ($13 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 Myanmar (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore

After three years of growth, supplies from abroad of non-electric iron or steel central heating radiators of cast iron decreased by -49.8% to 50K units in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 100K units, and then shrank notably in the following year.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron dropped markedly to $712K in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. As a result, imports reached the peak of $1.2M, and then shrank dramatically in the following year.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Singapore in 2022:

1. China (39.4K units)
2. Malaysia (8.0K units)
3. Taiwan (Chinese) (1.4K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Singapore

In 2022, the amount of non-electric iron or steel central heating radiators of cast iron exported from Singapore fell remarkably to 7K units, shrinking by -79.2% against 2021. Overall, exports faced a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports of hit record highs at 51K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron shrank sharply to $149K in 2022. Over the period under review, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, the exports of reached the peak figure at $485K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Singapore in 2022:

1. Qatar (2.4K units)
2. Vietnam (2.1K units)
3. Taiwan (Chinese) (1.6K units)
4. Australia (0.4K units)
5. Myanmar (0.2K units)
6. Indonesia (0.2K units)

Source: IndexBox Market Intelligence Platform