Price for Railway or Tramway Track Constructions of Iron or Steel in Singapore - 2023
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in Singapore (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in Singapore (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in Singapore
- Exports of Railway or Tramway Track Constructions of Iron or Steel in Singapore
Price for Railway or Tramway Track Constructions of Iron or Steel in Singapore (CIF) - 2022
The average import price for railway or tramway track constructions of iron or steel stood at $1,779 per ton in 2022, which is down by -2.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 46%. As a result, import price reached the peak level of $2,412 per ton. From 2015 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 Thailand ($8,521 per ton), while the price for Malaysia ($477 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in Singapore (FOB) - 2022
In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,304 per ton, increasing by 87% against the previous year. In general, the export price posted moderate growth. The export price peaked at $2,992 per ton in 2017; however, from 2018 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 Vietnam ($9,346 per ton), while the average price for exports to Myanmar ($996 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 Maldives (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Railway or Tramway Track Constructions of Iron or Steel in Singapore
In 2022, the amount of railway or tramway track constructions of iron or steel imported into Singapore stood at 16K tons, standing approx. at the previous year's figure. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of railway or tramway track constructions of iron or steel contracted to $28M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Railway or Tramway Track Constructions of Iron or Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.1 | 8.3 | 10.5 | 8.3 | 38.9% |
| China | 3.8 | 5.7 | 2.9 | 5.2 | 11.0% |
| Belgium | 3.7 | 3.3 | 1.2 | 2.6 | -11.1% |
| Australia | 0.5 | 1.8 | 1.8 | 2.4 | 68.7% |
| France | 1.0 | 1.2 | 3.7 | 1.7 | 19.3% |
| Malaysia | 1.5 | 1.0 | 0.9 | 1.1 | -9.8% |
| Indonesia | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Taiwan (Chinese) | 0.8 | 0.8 | 2.3 | N/A | 69.6% |
| Others | 6.0 | 7.2 | 4.9 | 6.5 | 2.7% |
| Total | 20.6 | 29.4 | 28.5 | 28.1 | 10.9% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Singapore in 2022:
- Japan (5.2K tons)
- China (3.1K tons)
- Malaysia (2.2K tons)
- Belgium (1.6K tons)
- France (1.0K tons)
- Australia (0.9K tons)
- Indonesia (0.5K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in Singapore
In 2022, the amount of railway or tramway track constructions of iron or steel exported from Singapore totaled 1.3K tons, flattening at the previous year. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of railway or tramway track constructions of iron or steel surged to $3M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Railway or Tramway Track Constructions of Iron or Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 407 | 340 | 66.2 | 1,045 | 36.9% |
| Indonesia | 708 | 377 | 301 | 927 | 9.4% |
| Germany | 0.1 | N/A | N/A | 227 | 1214.2% |
| Myanmar | N/A | N/A | N/A | 201 | 0% |
| China | 70.9 | 209 | 2.1 | 187 | 38.2% |
| Netherlands | 3.3 | 0.8 | 105 | 108 | 219.9% |
| South Korea | 103 | 27.4 | 24.2 | 24.9 | -37.7% |
| Philippines | 78.3 | 44.1 | 399 | 16.4 | -40.6% |
| Brunei Darussalam | N/A | 100 | 94.1 | N/A | -5.9% |
| British Indian Ocean Territory | N/A | N/A | 19.9 | N/A | 0% |
| Others | 195 | 1,018 | 569 | 254 | 9.2% |
| Total | 1,565 | 2,117 | 1,579 | 2,991 | 24.1% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Singapore in 2022:
- Malaysia (424.4 tons)
- Indonesia (400.0 tons)
- Myanmar (201.6 tons)
- Germany (89.3 tons)
- China (80.3 tons)
- Netherlands (28.5 tons)
- South Korea (23.5 tons)
- Philippines (14.2 tons)
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This report provides an in-depth analysis of the steel railway material market in Singapore.
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in Singapore.
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This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
