Singapore - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gearboxes and Speed Changers in Singapore - 2022
Contents:
- Price for Gearboxes and Speed Changers in Singapore (CIF) - 2022
- Price for Gearboxes and Speed Changers in Singapore (FOB) - 2022
- Imports of Gearboxes and Speed Changers in Singapore
- Exports of Gearboxes and Speed Changers in Singapore
Price for Gearboxes and Speed Changers in Singapore (CIF) - 2022
The average gearboxes and speed changers import price stood at $22,646 per ton in 2022, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 5.3%. The import price peaked at $24,239 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the Philippines ($22,646 per ton) and India ($22,646 per ton), while the price for South Korea ($22,646 per ton) and Italy ($22,646 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Gearboxes and Speed Changers in Singapore (FOB) - 2022
In 2022, the average gearboxes and speed changers export price amounted to $22,864 per ton, growing by 5.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 11% against the previous year. The export price peaked at $24,945 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($22,864 per ton) and India ($22,864 per ton), while the average price for exports to Taiwan (Chinese) ($22,864 per ton) and Thailand ($22,864 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 Poland (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Gearboxes and Speed Changers in Singapore
In 2022, imports of gearboxes and speed changers into Singapore rose significantly to 6.5K tons, surging by 6.3% against 2021 figures. Over the period under review, imports, however, saw a abrupt curtailment.
In value terms, gearboxes and speed changers imports rose significantly to $147M in 2022. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 9.7% against the previous year.
| Import of Gearboxes and Speed Changers in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.2 | 45.0 | 40.8 | 52.9 | -7.7% |
| Japan | 12.7 | 9.3 | 23.0 | 21.6 | 19.4% |
| Germany | 23.3 | 26.1 | 24.7 | 20.4 | -4.3% |
| China | 16.2 | 12.1 | 16.6 | 18.6 | 4.7% |
| Italy | 9.6 | 6.1 | 5.6 | 5.7 | -16.0% |
| India | 3.1 | 1.4 | 1.7 | 3.5 | 4.1% |
| France | 30.9 | 4.7 | 1.8 | 3.5 | -51.6% |
| Taiwan (Chinese) | 1.7 | 3.3 | 2.5 | 2.7 | 16.7% |
| South Korea | 2.0 | 1.4 | 1.3 | 2.4 | 6.3% |
| Philippines | 0.4 | 0.5 | 0.6 | 2.2 | 76.5% |
| Others | 13.2 | 14.1 | 17.4 | 13.0 | -0.5% |
| Total | 180 | 124 | 136 | 147 | -6.5% |
Top Suppliers of Gearboxes and Speed Changers to Singapore in 2022:
- United States (2338.1 tons)
- Japan (955.8 tons)
- Germany (901.6 tons)
- China (820.7 tons)
- Italy (253.1 tons)
- India (155.6 tons)
- France (152.8 tons)
- Taiwan (Chinese) (119.9 tons)
- South Korea (105.6 tons)
- Philippines (97.7 tons)
Exports of Gearboxes and Speed Changers in Singapore
In 2022, gearboxes and speed changers exports from Singapore declined to 4.1K tons, dropping by -9.2% against the year before. Over the period under review, exports recorded a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 25%.
In value terms, gearboxes and speed changers exports dropped slightly to $94M in 2022. Overall, exports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports attained the peak of $98M, and then contracted modestly in the following year.
| Export of Gearboxes and Speed Changers in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.0 | 12.8 | 22.6 | 17.9 | 6.1% |
| Indonesia | 17.3 | 13.5 | 17.0 | 16.9 | -0.8% |
| United States | 9.7 | 8.5 | 7.7 | 9.0 | -2.5% |
| China | 12.1 | 11.5 | 11.1 | 6.4 | -19.1% |
| Philippines | 4.1 | 3.8 | 5.1 | 6.3 | 15.4% |
| India | 3.4 | 4.7 | 5.4 | 4.5 | 9.8% |
| Hong Kong SAR | 2.0 | 1.7 | 1.5 | 3.2 | 17.0% |
| Taiwan (Chinese) | 3.2 | 2.0 | 3.9 | 3.0 | -2.1% |
| Australia | 3.5 | 3.5 | 2.2 | 2.7 | -8.3% |
| Poland | 1.3 | 1.2 | 2.4 | 2.6 | 26.0% |
| United Arab Emirates | 0.1 | 0.1 | N/A | 2.5 | 192.4% |
| Thailand | 3.3 | 2.3 | 3.0 | 2.2 | -12.6% |
| Italy | 0.5 | 0.5 | 0.3 | 2.0 | 58.7% |
| Others | 22.1 | 16.3 | 16.1 | 14.9 | -12.3% |
| Total | 97.5 | 82.3 | 98.4 | 94.1 | -1.2% |
Top Export Markets for Gearboxes and Speed Changers from Singapore in 2022:
- Malaysia (781.0 tons)
- Indonesia (739.6 tons)
- United States (394.4 tons)
- China (279.8 tons)
- Philippines (274.2 tons)
- India (197.0 tons)
- Hong Kong SAR (140.4 tons)
- Taiwan (Chinese) (130.2 tons)
- Australia (117.2 tons)
- Poland (113.3 tons)
- United Arab Emirates (109.4 tons)
- Thailand (94.6 tons)
- Italy (89.5 tons)
This report provides an in-depth analysis of the market for gearboxes and speed changers 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 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
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
-
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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