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Singapore - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSingapore: Market for In-Hand Motor Grinders, Sanders And Planers 2024
Market Size for In-Hand Motor Grinders, Sanders And Planers in Singapore
The Singaporean market for in-hand motor grinders, sanders and planers dropped markedly to $X in 2021, which is down by -82.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Exports of In-Hand Motor Grinders, Sanders And Planers
Exports from Singapore
In 2021, exports of in-hand motor grinders, sanders and planers from Singapore shrank to X units, dropping by -13.2% on the year before. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 1,110% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports of remained at a lower figure.
In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2015 when exports increased by 804% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.
Exports by Country
Germany (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Singapore, with a 45% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Germany exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 9.2% share.
From 2012 to 2021, the average annual growth rate of volume to Germany stood at +94.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-13.9% per year) and the United States (+102.9% per year).
In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Singapore were Germany ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for 58% of total exports. These countries were followed by Malaysia, Australia, the Philippines, Hong Kong SAR, Thailand, Indonesia, Hungary and India, which together accounted for a further 28%.
In terms of the main countries of destination, Hungary, with a CAGR of +4,938.5%, recorded the highest growth rate of 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
The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 55% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2015 an increase of 185% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of In-Hand Motor Grinders, Sanders And Planers
Imports into Singapore
In 2021, imports of in-hand motor grinders, sanders and planers into Singapore declined markedly to X units, dropping by -53.2% on 2020. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports of attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
In value terms, imports of in-hand motor grinders, sanders and planers reduced to $X in 2021. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
China (X units), Malaysia (X units) and Japan (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Singapore, together accounting for 97% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +4.4%), while imports for the other leaders experienced a decline.
In value terms, Malaysia ($X), China ($X) and Japan ($X) appeared to be the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Singapore, with a combined 82% share of total imports.
Malaysia, with a CAGR of -5.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, jumping by 112% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor 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:
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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