Singapore: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Singapore

The Singaporean geometrical quantities electronic measurer market dropped sharply to $X in 2023, declining by X% against the previous year. Over the period under review, consumption, however, posted a noticeable increase. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Singapore

In value terms, geometrical quantities electronic measurer production shrank rapidly to $X in 2023 estimated in export price. In general, production, however, posted a tangible increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Singapore

In 2023, exports of electronic instruments and machines for measuring geometrical quantities from Singapore fell remarkably to X units, shrinking by X% against the year before. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports contracted rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), South Korea (X units) and Hong Kong SAR (X units) were the main destinations of geometrical quantities electronic measurer exports from Singapore, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Singapore were China ($X), the United States ($X) and Malaysia ($X), together accounting for X% of total exports. Hong Kong SAR, South Korea, Taiwan (Chinese), Japan, Indonesia, India, the Philippines, Thailand, Vietnam and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average geometrical quantities electronic measurer export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Singapore

In 2023, purchases abroad of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units, falling for the second year in a row after eight years of growth. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports fell markedly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted significantly in the following year.

Imports by Country

The Philippines (X units), South Korea (X units) and China (X units) were the main suppliers of geometrical quantities electronic measurer imports to Singapore, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), South Korea ($X) and the United States ($X) appeared to be the largest geometrical quantities electronic measurer suppliers to Singapore, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average geometrical quantities electronic measurer import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform