Price for Engravings, Prints and Lithographs; Original in Singapore - 2022

Contents:

1. Price for Engravings, Prints and Lithographs; Original in Singapore (CIF) - 2022
2. Price for Engravings, Prints and Lithographs; Original in Singapore (FOB) - 2022
3. Imports of Engravings, Prints and Lithographs; Original in Singapore
4. Exports of Engravings, Prints and Lithographs; Original in Singapore

Price for Engravings, Prints and Lithographs; Original in Singapore (CIF) - 2022

The average import price for engravings, prints and lithographs; originals stood at $244 per unit in 2022, growing by 4.8% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engravings, prints and lithographs; original import price increased by +12.9% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 59%. As a result, import price attained the peak level of $249 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($244 per unit) and China ($244 per unit), while the price for Japan ($242 per unit) and Italy ($243 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Engravings, Prints and Lithographs; Original in Singapore (FOB) - 2022

In 2022, the average export price for engravings, prints and lithographs; originals amounted to $505 per unit, picking up by 95% against the previous year. In general, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($509 per unit) and Switzerland ($508 per unit), while the average price for exports to Germany ($476 per unit) and China ($506 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Engravings, Prints and Lithographs; Original in Singapore

In 2022, the amount of engravings, prints and lithographs; originals imported into Singapore surged to 55K units, with an increase of 96% compared with 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 155% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, engravings, prints and lithographs; original imports soared to $13M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 174% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Engravings, Prints and Lithographs; Original to Singapore in 2022:

1. United States (25.1K units)
2. United Kingdom (8.3K units)
3. Japan (7.8K units)
4. China (5.1K units)
5. Italy (2.5K units)
6. Switzerland (1.2K units)
7. France (1.1K units)
8. Hong Kong SAR (0.7K units)

Exports of Engravings, Prints and Lithographs; Original in Singapore

For the third year in a row, Singapore recorded decline in shipments abroad of engravings, prints and lithographs; originals, which decreased by -10% to 7.9K units in 2022. Overall, exports faced a deep slump. Over the period under review, the exports attained the maximum at 11K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, engravings, prints and lithographs; original exports surged to $4M in 2022. Over the period under review, exports, however, showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Engravings, Prints and Lithographs; Original from Singapore in 2022:

1. Hong Kong SAR (2314.0 units)
2. United Kingdom (1906.0 units)
3. United States (1620.0 units)
4. South Korea (586.0 units)
5. Switzerland (345.0 units)
6. France (301.0 units)
7. Germany (261.0 units)
8. China (174.0 units)

Source: IndexBox Market Intelligence Platform