Singapore - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery Electrical Parts Price in Singapore - 2022
Contents:
- Machinery Electrical Parts Price in Singapore (CIF) - 2022
- Machinery Electrical Parts Price in Singapore (FOB) - 2022
- Machinery Electrical Parts Imports in Singapore
- Machinery Electrical Parts Exports in Singapore
Machinery Electrical Parts Price in Singapore (CIF) - 2022
The average machinery electrical parts import price stood at $69,100 per ton in 2022, which is down by -3.1% against the previous year. Over the period under review, the import price recorded a mild contraction. The growth pace was the most rapid in 2016 an increase of 12%. Over the period under review, average import prices hit record highs at $88,773 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($69,100 per ton) and Thailand ($69,100 per ton), while the price for the Philippines ($69,085 per ton) and Germany ($69,099 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.6%), while the prices for the other major suppliers experienced a decline.
Machinery Electrical Parts Price in Singapore (FOB) - 2022
The average machinery electrical parts export price stood at $25,402 per ton in 2022, reducing by -8.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. As a result, the export price attained the peak level of $30,344 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($25,402 per ton) and Japan ($25,402 per ton), while the average price for exports to Thailand ($25,402 per ton) and the United States ($25,402 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-1.0%), while the prices for the other major destinations experienced a decline.
Machinery Electrical Parts Imports in Singapore
In 2022, overseas purchases of electrical parts of machinery or apparatus were finally on the rise to reach 1.5K tons after two years of decline. Overall, imports, however, recorded a deep downturn.
In value terms, machinery electrical parts imports expanded significantly to $105M in 2022. Over the period under review, imports, however, showed a deep downturn.
Import of Machinery Electrical Parts in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 34.0 | 45.0 | 44.5 | 35.3 | 1.3% |
Thailand | 49.1 | 27.0 | 6.5 | 21.5 | -24.1% |
Japan | 35.0 | 11.4 | 3.6 | 13.0 | -28.1% |
Malaysia | 16.2 | 14.9 | 14.4 | 11.8 | -10.0% |
United States | 2.0 | 1.9 | 10.6 | 8.4 | 61.3% |
Germany | 2.8 | 2.4 | 3.0 | 2.4 | -5.0% |
Hong Kong SAR | 0.8 | 0.7 | 2.9 | 2.3 | 42.2% |
Taiwan (Chinese) | 2.5 | 1.6 | 2.7 | 2.1 | -5.6% |
Others | 9.3 | 7.8 | 9.4 | 8.3 | -3.7% |
Total | 152 | 113 | 97.6 | 105 | -11.6% |
Top Suppliers of Machinery Electrical Parts to Singapore in 2022:
- China (511.0 tons)
- Thailand (310.6 tons)
- Japan (188.0 tons)
- Malaysia (171.2 tons)
- United States (121.4 tons)
- Germany (34.7 tons)
- Hong Kong SAR (33.1 tons)
- Taiwan (Chinese) (30.7 tons)
Machinery Electrical Parts Exports in Singapore
After three years of growth, shipments abroad of electrical parts of machinery or apparatus decreased by -5.7% to 3.2K tons in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of 3.4K tons, and then reduced in the following year.
In value terms, machinery electrical parts exports contracted to $81M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. As a result, the exports reached the peak of $94M, and then fell in the following year.
Export of Machinery Electrical Parts in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 6.8 | 8.0 | 17.1 | 13.6 | 26.0% |
Vietnam | 18.1 | 14.1 | 11.8 | 11.5 | -14.0% |
India | 9.2 | 6.2 | 13.2 | 10.5 | 4.5% |
United States | 3.2 | 3.9 | 11.3 | 9.0 | 41.2% |
Indonesia | 3.9 | 6.9 | 9.7 | 7.7 | 25.5% |
Japan | 6.1 | 12.1 | 1.0 | 5.0 | -6.4% |
China | 3.1 | 4.4 | 5.4 | 4.3 | 11.5% |
Thailand | 1.2 | 1.7 | 5.2 | 4.1 | 50.6% |
Hong Kong SAR | 2.1 | 3.4 | 3.7 | 3.0 | 12.6% |
Others | 8.2 | 8.1 | 15.8 | 12.8 | 16.0% |
Total | 62.0 | 68.7 | 94.2 | 81.5 | 9.5% |
Top Export Markets for Machinery Electrical Parts from Singapore in 2022:
- Malaysia (533.8 tons)
- Vietnam (452.2 tons)
- India (412.5 tons)
- United States (353.5 tons)
- Indonesia (303.7 tons)
- Japan (197.3 tons)
- China (168.5 tons)
- Thailand (163.2 tons)
- Hong Kong SAR (116.7 tons)
This report provides an in-depth analysis of the machinery electrical parts 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 27903390 - Electrical parts of machinery or apparatus, n.e.c.
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
This report provides an in-depth analysis of the machinery electrical parts market in Singapore.
This report provides an in-depth analysis of the global machinery electrical parts market.
This report provides an in-depth analysis of the machinery electrical parts market in Singapore.
This report provides an in-depth analysis of the global machinery electrical parts market.
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