Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore (CIF) - 2022

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $9,487 per unit in 2022, picking up by 9.4% against the previous year. In general, the import price showed a noticeable expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 135% against the previous year. Over the period under review, average import prices attained the maximum at $13,268 per unit in 2017; however, from 2018 to 2022, import prices stood 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 Germany ($19,796 per unit), while the price for China ($429 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $4,371 per unit, jumping by 181% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. Over the period under review, the average export prices reached the peak figure at $11,450 per unit in 2013; however, from 2014 to 2022, the 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 ($4,838 per unit), while the average price for exports to Pakistan ($974 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 (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore

For the third year in a row, Singapore recorded decline in supplies from abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, which decreased by -40% to 888 units in 2022. Over the period under review, imports recorded a sharp shrinkage. The smallest decline of -36.3% was in 2020. Over the period under review, imports of attained the peak figure at 4.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs declined rapidly to $8.4M in 2022. In general, imports saw a sharp decline. The smallest decline of -25.3% was in 2021. Over the period under review, imports of reached the maximum at $36M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Singapore in 2022:

1. China (226.0 units)
2. Spain (186.0 units)
3. South Korea (149.0 units)
4. Italy (78.0 units)
5. Germany (58.0 units)
6. Japan (43.0 units)
7. Mexico (31.0 units)
8. Czech Republic (30.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Singapore

In 2022, approx. 321 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were exported from Singapore; increasing by 9.2% against the previous year. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 157% against the previous year. As a result, the exports attained the peak of 444 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs soared to $1.4M in 2022. In general, exports continue to indicate a significant expansion. The exports peaked at $1.8M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Singapore in 2022:

1. Indonesia (214.0 units)
2. Malaysia (74.0 units)
3. Nigeria (16.0 units)
4. Pakistan (5.0 units)
5. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform