Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore - 2023

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore (FOB) - 2022
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore (CIF) - 2022
3. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore
4. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore (FOB) - 2022

The average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $345,833 per ton in 2022, jumping by 38% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 increased by +80.2% against 2017 indices. As a result, the export price attained 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 South Korea ($1,034,070 per ton), while the average price for exports to Greece ($25,253 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 South Korea (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore (CIF) - 2022

The average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $203,524 per ton in 2022, increasing by 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. 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 China ($254,275 per ton), while the price for the United States ($95,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore

In 2022, the amount of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 exported from Singapore reduced markedly to 17 tons, which is down by -85.6% against the previous year's figure. In general, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,909% against the previous year. As a result, the exports reached the peak of 120 tons, and then shrank dramatically in the following year.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 declined markedly to $6M in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 2,885% against the previous year. As a result, the exports reached the peak of $30M, and then dropped rapidly in the following year.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Singapore in 2022:

1. India (5.5 tons)
2. Cambodia (2.6 tons)
3. Indonesia (2.5 tons)
4. Malaysia (1.3 tons)
5. Mongolia (1.0 tons)
6. Greece (0.9 tons)
7. Netherlands (0.8 tons)
8. South Korea (0.2 tons)

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Singapore

Imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 into Singapore contracted remarkably to 19 tons in 2022, shrinking by -38.4% compared with the previous year. Overall, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 36%.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 dropped remarkably to $3.9M in 2022. In general, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 42%.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Singapore in 2022:

1. China (10.1 tons)
2. United States (3.3 tons)
3. Malaysia (1.7 tons)
4. Japan (1.2 tons)
5. Hong Kong SAR (0.9 tons)
6. Israel (0.4 tons)

Source: IndexBox Market Intelligence Platform