Report Update: May 1, 2024

Singapore - Machinery For Making Or Repairing Articles Of Hides, Skins Or Leather - Market Analysis, Forecast, Size, Trends And Insights

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Hide Repairing Machinery Price in Singapore - 2022

Hide Repairing Machinery Price in Singapore (FOB) - 2022

In 2022, the average hide repairing machinery export price amounted to $5,362 per unit, rising by 3.9% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hide repairing machinery export price decreased by -19.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. The export price peaked at $6,654 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($5,559 per unit), while the average price for exports to Malaysia ($5,276 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hide Repairing Machinery Price in Singapore (CIF) - 2022

The average hide repairing machinery import price stood at $4,582 per unit in 2022, picking up by 4.5% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hide repairing machinery import price increased by +29.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 31%. As a result, import price attained the peak level of $5,798 per unit. From 2019 to 2022, the average import prices remained 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 ($4,792 per unit) and China ($4,792 per unit), while the price for Malaysia ($3,849 per unit) and France ($4,706 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Hide Repairing Machinery Exports in Singapore

In 2022, approx. 43 units of machinery for making or repairing articles of hides, skins or leather were exported from Singapore; growing by 16% against 2021 figures. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 106%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hide repairing machinery exports surged to $232K in 2022. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Hide Repairing Machinery in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	107	0.2	1.4	88.3	-6.2%
Bangladesh	68.3	12.1	9.4	73.0	2.2%
Malaysia	2.0	37.6	28.4	70.4	227.7%
New Zealand	N/A	N/A	145	N/A	0%
China	0.2	15.5	N/A	N/A	7650.0%
Austria	N/A	20.6	N/A	N/A	0%
Others	2.2	21.9	6.2	N/A	67.9%
Total	180	108	191	232	8.8%

Top Export Markets for Hide Repairing Machinery from Singapore in 2022:

Indonesia (17.0 units)
Malaysia (13.0 units)
Bangladesh (13.0 units)

Hide Repairing Machinery Imports in Singapore

In 2022, purchases abroad of machinery for making or repairing articles of hides, skins or leather decreased by -11.1% to 24 units, falling for the second year in a row after two years of growth. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports reached the peak of 100 units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hide repairing machinery imports dropped to $110K in 2022. In general, imports faced a dramatic setback. The smallest decline of -4.1% was in 2020. Imports peaked at $368K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Hide Repairing Machinery in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	217	27.3	41.0	40.3	-42.9%
United States	16.4	219	0.5	31.8	24.7%
Malaysia	1.2	38.0	29.1	15.8	136.1%
China	17.5	57.4	3.4	10.7	-15.1%
United Kingdom	0.6	6.1	10.8	5.9	114.2%
Japan	26.5	0.5	2.9	4.2	-45.9%
India	N/A	N/A	29.0	N/A	0%
Taiwan (Chinese)	70.9	N/A	N/A	N/A	0%
Others	17.5	5.1	1.8	1.1	-60.2%
Total	368	353	118	110	-33.1%

Top Suppliers of Hide Repairing Machinery to Singapore in 2022:

France (9.0 units)
United States (7.0 units)
Malaysia (4.0 units)
China (2.0 units)
United Kingdom (1.0 units)
Japan (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hide repairing machinery 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 28943070 - Machinery for making/repairing articles of hides, skins or leather, 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023