Report Update: Apr 1, 2024

Singapore - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in Singapore - 2022

Electrical Insulating Fittings Price in Singapore (CIF) - 2022

The average electrical insulating fittings import price stood at $45,898 per ton in 2022, growing by 45% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulating fittings import price increased by +65.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($56,547 per ton), while the price for Germany ($32,269 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Singapore (FOB) - 2022

In 2022, the average electrical insulating fittings export price amounted to $33,492 per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($52,771 per ton), while the average price for exports to Hong Kong SAR ($28,137 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 Thailand (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in Singapore

In 2022, electrical insulating fittings imports into Singapore soared to 1.9K tons, increasing by 72% against the previous year's figure. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings imports skyrocketed to $87M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulating Fittings in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	0.7	1.0	11.9	52.6	322.0%
United States	1.9	4.2	3.9	13.9	94.1%
China	10.1	5.0	6.6	6.4	-14.1%
Japan	1.5	1.3	2.1	2.1	11.9%
Germany	2.5	2.2	1.9	1.9	-8.7%
Belgium	0.8	1.0	1.3	1.6	26.0%
France	0.2	0.7	1.6	1.4	91.3%
Hungary	0.8	0.7	1.1	1.4	20.5%
Thailand	1.2	0.7	0.4	1.4	5.3%
Italy	0.8	0.5	0.8	0.7	-4.4%
South Korea	1.6	0.5	0.5	0.5	-32.1%
Others	2.2	1.9	2.5	2.8	8.4%
Total	24.2	19.7	34.6	86.7	53.0%

Top Suppliers of Electrical Insulating Fittings to Singapore in 2022:

Malaysia (972.9 tons)
United States (431.4 tons)
China (166.8 tons)
Germany (60.2 tons)
France (38.5 tons)
Japan (36.9 tons)
Hungary (33.7 tons)
Belgium (29.5 tons)
Thailand (25.0 tons)
Italy (13.1 tons)
South Korea (9.8 tons)

Electrical Insulating Fittings Exports in Singapore

In 2022, the amount of electrical insulating fittings of plastics exported from Singapore reduced modestly to 850 tons, dropping by -3.7% against the previous year. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year.

In value terms, electrical insulating fittings exports expanded sharply to $28M in 2022. In general, exports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 26%.

Export of Electrical Insulating Fittings in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.8	5.0	5.9	5.3	3.4%
South Korea	1.8	1.8	2.3	4.1	31.6%
Indonesia	13.1	1.8	2.8	3.4	-36.2%
Malaysia	1.4	1.1	2.5	3.1	30.3%
Thailand	3.6	4.3	4.3	2.8	-8.0%
India	0.3	1.6	2.1	2.5	102.7%
Philippines	2.3	1.9	2.0	1.9	-6.2%
Vietnam	1.3	1.0	1.1	1.2	-2.6%
Hong Kong SAR	N/A	N/A	0.1	1.2	1100.0%
Others	1.6	1.5	2.2	2.8	20.5%
Total	30.1	20.1	25.2	28.5	-1.8%

Top Export Markets for Electrical Insulating Fittings from Singapore in 2022:

China (182.0 tons)
South Korea (146.0 tons)
Malaysia (109.8 tons)
India (89.9 tons)
Indonesia (79.5 tons)
Thailand (53.3 tons)
Hong Kong SAR (44.0 tons)
Philippines (36.9 tons)
Vietnam (23.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023