Singapore - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Singapore - 2022
Contents:
- Price for Balancing Mechanical Parts Machine in Singapore (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Singapore (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Singapore
- Exports of Balancing Mechanical Parts Machine in Singapore
Price for Balancing Mechanical Parts Machine in Singapore (CIF) - 2022
The average balancing mechanical parts machine import price stood at $4,074 per unit in 2022, declining by -12% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, balancing mechanical parts machine import price increased by +41.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. As a result, import price reached the peak level of $4,632 per unit, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($7,474 per unit), while the price for Germany ($2,167 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in Singapore (FOB) - 2022
The average balancing mechanical parts machine export price stood at $4,700 per unit in 2022, growing by 10% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. As a result, the export price attained the peak level of $6,175 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($73,791 per unit), while the average price for exports to Bangladesh ($1,167 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 Vietnam (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in Singapore
In 2022, overseas purchases of machines for balancing mechanical parts increased by 69% to 2K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, balancing mechanical parts machine imports soared to $8M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Balancing Mechanical Parts Machine in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 225 | 339 | 558 | 1,271 | 78.1% |
| Germany | 1,767 | 1,820 | 612 | 1,018 | -16.8% |
| United States | 1,205 | 164 | 810 | 953 | -7.5% |
| Japan | 218 | 221 | 279 | 613 | 41.1% |
| France | 170 | 178 | 145 | 382 | 31.0% |
| China | 443 | 585 | 210 | 310 | -11.2% |
| Italy | 87.7 | 174 | 22.7 | 309 | 52.2% |
| Indonesia | 135 | 60.9 | 0.1 | 65.2 | -21.5% |
| Others | 1,360 | 1,531 | 2,735 | 3,079 | 31.3% |
| Total | 5,611 | 5,073 | 5,373 | 7,999 | 12.5% |
Top Suppliers of Balancing Mechanical Parts Machine to Singapore in 2022:
- Germany (470.0 units)
- United States (267.0 units)
- Japan (202.0 units)
- Malaysia (170.0 units)
- France (113.0 units)
- China (111.0 units)
- Italy (94.0 units)
- Indonesia (68.0 units)
Exports of Balancing Mechanical Parts Machine in Singapore
In 2022, approx. 414 units of machines for balancing mechanical parts were exported from Singapore; declining by -41.9% against the previous year. In general, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 178%. Over the period under review, the exports reached the maximum at 1.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, balancing mechanical parts machine exports declined remarkably to $1.9M in 2022. Overall, exports saw a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports attained the peak figure at $11M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Balancing Mechanical Parts Machine in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3,569 | 134 | 663 | 406 | -51.5% |
| Egypt | 1,816 | 202 | 10.6 | 166 | -55.0% |
| Indonesia | 744 | 312 | 165 | 164 | -39.6% |
| Vietnam | 537 | 26.7 | 240 | 147 | -35.1% |
| Nigeria | 44.6 | 72.1 | 183 | 112 | 35.9% |
| Philippines | 136 | 67.1 | 135 | 106 | -8.0% |
| Hong Kong SAR | 223 | 10.3 | 145 | 88.9 | -26.4% |
| China | 783 | 35.4 | 131 | 87.0 | -51.9% |
| South Korea | 312 | 77.1 | 119 | 81.9 | -36.0% |
| Thailand | 856 | 43.7 | 40.1 | 71.5 | -56.3% |
| Australia | 58.4 | 14.7 | 87.7 | 53.6 | -2.8% |
| Bangladesh | 7.9 | 1.2 | 47.4 | 29.0 | 54.3% |
| Papua New Guinea | 130 | 30.2 | 43.9 | 28.6 | -39.6% |
| Others | 1,286 | 416 | 1,032 | 403 | -32.1% |
| Total | 10,504 | 1,443 | 3,042 | 1,945 | -43.0% |
Top Export Markets for Balancing Mechanical Parts Machine from Singapore in 2022:
- Nigeria (82.0 units)
- Malaysia (73.0 units)
- Indonesia (47.0 units)
- Philippines (36.0 units)
- Bangladesh (25.0 units)
- Thailand (24.0 units)
- Egypt (22.0 units)
- Australia (11.0 units)
- South Korea (11.0 units)
- China (8.0 units)
- Papua New Guinea (7.0 units)
- Hong Kong SAR (5.0 units)
- Vietnam (2.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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
-
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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