Singapore - Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrisms and Mirrors Price in Singapore - 2022
Contents:
- Prisms and Mirrors Price in Singapore (FOB) - 2022
- Prisms and Mirrors Price in Singapore (CIF) - 2022
- Prisms and Mirrors Exports in Singapore
- Prisms and Mirrors Imports in Singapore
Prisms and Mirrors Price in Singapore (FOB) - 2022
The average prisms and mirrors export price stood at $482K per ton in September 2022, waning by -2.4% against the previous month. Overall, the export price recorded a sharp setback. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 5.5% against the previous month. Over the period under review, the average export prices reached the maximum at $2.0M per ton in June 2022; however, from July 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Germany ($2.0M per ton), while the average price for exports to China ($106K per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-15.8%), while the prices for the other major destinations experienced a decline.
Prisms and Mirrors Price in Singapore (CIF) - 2022
The average prisms and mirrors import price stood at $259K per ton in September 2022, falling by -40.5% against the previous month. Overall, the import price faced a sharp downturn. As a result, import price attained the peak level of $1.2M per ton. From July 2022 to September 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Germany ($3.1M per ton), while the price for the United States ($156K per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Germany (+123.5%), while the prices for the other major suppliers experienced a decline.
Prisms and Mirrors Exports in Singapore
For the third consecutive year, Singapore recorded decline in shipments abroad of prisms and mirrors, which decreased by -3.3% to 492 tons in 2022. Over the period under review, exports recorded a precipitous decrease.
In value terms, prisms and mirrors exports rose sharply to $300M in 2022. In general, exports faced a sharp curtailment.
| Export of Prisms and Mirrors in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.7 | 43.2 | 57.6 | 83.4 | 26.0% |
| United States | 43.4 | 46.4 | 60.0 | 57.9 | 10.1% |
| China | 26.4 | 24.7 | 66.9 | 52.3 | 25.6% |
| Japan | 11.4 | 12.2 | 13.4 | 24.2 | 28.5% |
| Thailand | 8.7 | 4.0 | 5.5 | 13.2 | 14.9% |
| Israel | 6.3 | 5.2 | 6.9 | 9.2 | 13.5% |
| United Kingdom | 5.8 | 6.5 | 6.1 | 7.3 | 8.0% |
| Malaysia | 4.8 | 4.9 | 7.2 | 7.2 | 14.5% |
| South Korea | 267 | 298 | 4.8 | 6.6 | -70.9% |
| Hong Kong SAR | 156 | 169 | 8.4 | 5.9 | -66.4% |
| Indonesia | 1.9 | 2.1 | 3.7 | 4.2 | 30.3% |
| Vietnam | 4.7 | 2.4 | 2.2 | 2.3 | -21.2% |
| Others | 24.2 | 21.2 | 32.8 | 26.5 | 3.1% |
| Total | 602 | 640 | 276 | 300 | -20.7% |
Top Export Markets for Prisms and Mirrors from Singapore in 2022:
- Germany (99.4 tons)
- United States (96.7 tons)
- China (94.4 tons)
- Japan (40.0 tons)
- Thailand (27.0 tons)
- Malaysia (19.0 tons)
- Hong Kong SAR (18.1 tons)
- Indonesia (13.4 tons)
- South Korea (12.1 tons)
- Israel (10.0 tons)
- United Kingdom (8.9 tons)
- Vietnam (7.6 tons)
Prisms and Mirrors Imports in Singapore
In 2022, overseas purchases of prisms and mirrors decreased by -6.9% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 2.8K tons, and then reduced in the following year.
In value terms, prisms and mirrors imports declined modestly to $257M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of $260M, and then declined in the following year.
| Import of Prisms and Mirrors in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.6 | 93.7 | 115 | 88.4 | 12.8% |
| United States | 47.6 | 48.6 | 56.2 | 73.0 | 15.3% |
| Thailand | 3.5 | 2.9 | 24.0 | 32.3 | 109.8% |
| Malaysia | 15.2 | 22.2 | 20.0 | 22.0 | 13.1% |
| Germany | 11.9 | 10.9 | 13.5 | 16.3 | 11.1% |
| Japan | 25.3 | 18.0 | 9.9 | 7.8 | -32.4% |
| Switzerland | 8.7 | 6.9 | 5.4 | 5.7 | -13.1% |
| Others | 11.6 | 12.8 | 16.8 | 11.9 | 0.9% |
| Total | 185 | 216 | 260 | 257 | 11.6% |
Top Suppliers of Prisms and Mirrors to Singapore in 2022:
- China (931.3 tons)
- United States (768.9 tons)
- Thailand (340.2 tons)
- Germany (171.2 tons)
- Malaysia (122.8 tons)
- Japan (81.8 tons)
- Switzerland (60.5 tons)
This report provides an in-depth analysis of the prisms and mirrors 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 26702153 - Prisms, mirrors and other optical elements, n.e.c.
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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