Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore - 2022

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore (FOB) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore (CIF) - 2022
3. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore
4. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $1,314,353 per unit in 2022, waning by -36.2% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 213%. As a result, the export price attained the peak level of $9,702,815 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($3,319,114 per unit), while the average price for exports to Hong Kong SAR ($1,756 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 Japan (+51.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore (CIF) - 2022

In 2022, the average import price for vessels; other, including warships and lifeboats, other than rowing boatses amounted to $1,170,814 per unit, surging by 114% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 1,026% against the previous year. As a result, import price reached the peak level of $14,961,281 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 the Netherlands ($12,925,549 per unit), while the price for Japan ($1,015 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+60.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore

In 2022, exports of vessels; other, including warships and lifeboats, other than rowing boatses from Singapore skyrocketed to 26 units, picking up by 30% compared with the year before. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses contracted markedly to $34M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs at $41M in 2021, and then fell significantly in the following year.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Singapore in 2022:

1. Brazil (1.0 units)
2. Australia (1.0 units)
3. Italy (1.0 units)
4. Myanmar (1.0 units)
5. Greece (1.0 units)
6. Indonesia (1.0 units)
7. India (1.0 units)
8. Brunei Darussalam (1.0 units)
9. Japan (1.0 units)
10. China (1.0 units)
11. Sri Lanka (1.0 units)
12. Germany (1.0 units)
13. Hong Kong SAR (1.0 units)

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Singapore

In 2022, imports of vessels; other, including warships and lifeboats, other than rowing boatses into Singapore surged to 20 units, with an increase of 25% against the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses soared to $23M in 2022. In general, imports, however, recorded a deep slump. Imports peaked at $40M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Singapore in 2022:

1. Australia (1.0 units)
2. Taiwan (Chinese) (1.0 units)
3. Greece (1.0 units)
4. Philippines (1.0 units)
5. Indonesia (1.0 units)
6. India (1.0 units)
7. Japan (1.0 units)
8. Malaysia (1.0 units)
9. Netherlands (1.0 units)
10. Germany (1.0 units)
11. China (1.0 units)
12. South Korea (1.0 units)
13. Norway (1.0 units)

Source: IndexBox Market Intelligence Platform