Price for Lustres; Liquid Lustres and Similar Preparations in Singapore - 2023
Contents:
- Price for Lustres; Liquid Lustres and Similar Preparations in Singapore (FOB) - 2022
- Price for Lustres; Liquid Lustres and Similar Preparations in Singapore (CIF) - 2022
- Exports of Lustres; Liquid Lustres and Similar Preparations in Singapore
- Imports of Lustres; Liquid Lustres and Similar Preparations in Singapore
Price for Lustres; Liquid Lustres and Similar Preparations in Singapore (FOB) - 2022
The average export price for lustres; liquid lustres and similar preparationses stood at $723,439 per ton in 2022, dropping by -7.7% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 103%. The export price peaked at $783,974 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($746,494 per ton), while the average price for exports to China ($303,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lustres; Liquid Lustres and Similar Preparations in Singapore (CIF) - 2022
The average import price for lustres; liquid lustres and similar preparationses stood at $753,084 per ton in 2022, rising by 18% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 146%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,351,681 per ton), while the price for Germany ($174,839 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+53.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lustres; Liquid Lustres and Similar Preparations in Singapore
In 2022, the amount of lustres; liquid lustres and similar preparationses exported from Singapore rose modestly to 126 tons, surging by 2.1% compared with 2021 figures. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of lustres; liquid lustres and similar preparationses fell to $91M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of $97M, and then declined in the following year.
| Export of Lustres; Liquid Lustres and Similar Preparations in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.1 | 2.8 | 31.9 | 43.0 | 654.8% |
| South Korea | 42.8 | 45.0 | 46.9 | 39.6 | -2.6% |
| Vietnam | 0.1 | 0.1 | 7.3 | 4.0 | 242.0% |
| India | 16.2 | 4.9 | 3.2 | 1.5 | -54.8% |
| United States | N/A | N/A | 4.6 | 1.4 | -69.6% |
| Japan | 2.8 | 4.3 | 0.9 | N/A | -43.3% |
| Others | 1.5 | 0.9 | 1.8 | 1.4 | -2.3% |
| Total | 63.4 | 58.0 | 96.6 | 90.9 | 12.8% |
Top Export Markets for Lustres; Liquid Lustres and Similar Preparations from Singapore in 2022:
- Malaysia (59.5 tons)
- South Korea (53.1 tons)
- Vietnam (6.0 tons)
- India (2.9 tons)
- United States (1.9 tons)
Imports of Lustres; Liquid Lustres and Similar Preparations in Singapore
For the third consecutive year, Singapore recorded decline in supplies from abroad of lustres; liquid lustres and similar preparationses, which decreased by -30.7% to 16 tons in 2022. In general, imports showed a dramatic downturn. The smallest decline of -0.9% was in 2021.
In value terms, imports of lustres; liquid lustres and similar preparationses shrank rapidly to $12M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 28%.
| Import of Lustres; Liquid Lustres and Similar Preparations in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.8 | 4.4 | 6.8 | 5.5 | 13.1% |
| China | 0.4 | 1.7 | 4.1 | 5.1 | 133.6% |
| Japan | 0.1 | 0.4 | 0.7 | 0.7 | 91.3% |
| Malaysia | 2.3 | N/A | N/A | 0.3 | -49.3% |
| Taiwan (Chinese) | 3.2 | 6.2 | N/A | 0.1 | -68.5% |
| Germany | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | N/A | 3.1 | 0.2 | 0.0% |
| Total | 10.2 | 13.1 | 14.9 | 12.2 | 6.1% |
Top Suppliers of Lustres; Liquid Lustres and Similar Preparations to Singapore in 2022:
- China (11.3 tons)
- Malaysia (1.5 tons)
- United States (1.0 tons)
- Japan (0.9 tons)
- Germany (0.8 tons)
- Taiwan (Chinese) (0.2 tons)
- Hong Kong SAR (0.2 tons)
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