Singapore - Way-Type Unit Heads for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSingapore: Way-Type Unit Head Market 2024
Way-Type Unit Head Market Size in Singapore
In 2021, after four years of growth, there was significant decline in the Singaporean way-type unit head market, when its value decreased by -31.8% to $X. In general, consumption, however, continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.
Way-Type Unit Head Production in Singapore
In value terms, way-type unit head production reduced dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 223% against the previous year. Way-type unit head production peaked at $X in 2020, and then declined markedly in the following year.
Way-Type Unit Head Exports
Exports from Singapore
In 2021, exports of way-type unit heads for working metal from Singapore contracted markedly to X tons, with a decrease of -42.5% compared with 2020 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 736%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.
In value terms, way-type unit head exports reduced markedly to $X in 2021. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 627% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.
Exports by Country
Germany (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of way-type unit head exports from Singapore, together comprising 97% of total exports.
From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), Malaysia ($X) and Thailand ($X) were the largest markets for way-type unit head exported from Singapore worldwide, together accounting for 96% of total exports.
Among the main countries of destination, Germany, with a CAGR of +93.7%, 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 2021, the average way-type unit head export price amounted to $X per ton, declining by -16.3% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and Malaysia ($X per ton), while the average price for exports to Thailand ($X per ton) and Germany ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Way-Type Unit Head Imports
Imports into Singapore
In 2021, approx. X tons of way-type unit heads for working metal were imported into Singapore; shrinking by -84.5% against 2020 figures. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 1,057%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, way-type unit head imports fell notably to $X in 2021. Overall, imports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 1,218% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Japan (X tons) constituted the largest supplier of way-type unit head to Singapore, with a 77% share of total imports. Moreover, way-type unit head imports from Japan exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), eightfold. The third position in this ranking was held by the United States (X kg), with a 5.5% share.
From 2012 to 2021, the average annual growth rate of volume from Japan stood at -30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-12.2% per year) and the United States (-35.3% per year).
In value terms, Japan ($X) constituted the largest supplier of way-type unit heads for working metal to Singapore, comprising 72% of total imports. The second position in the ranking was held by Indonesia ($X), with an 8.8% share of total imports. It was followed by the United States, with a 5.1% share.
From 2012 to 2021, the average annual growth rate of value from Japan totaled -30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-12.8% per year) and the United States (-35.8% per year).
Import Prices by Country
The average way-type unit head import price stood at $X per ton in 2021, surging by 44% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the way-type unit head 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 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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