Singapore - Grinding, Sanding Or Polishing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grinding, Sanding and Polishing Machine in Singapore - 2022
Contents:
- Price for Grinding, Sanding and Polishing Machine in Singapore (CIF) - 2022
- Price for Grinding, Sanding and Polishing Machine in Singapore (FOB) - 2022
- Imports of Grinding, Sanding and Polishing Machine in Singapore
- Exports of Grinding, Sanding and Polishing Machine in Singapore
Price for Grinding, Sanding and Polishing Machine in Singapore (CIF) - 2022
The average import price for grinding, sanding and polishing machines stood at $285 per unit in 2022, dropping by -12.1% against the previous year. In general, the import price, however, continues to indicate slight growth. The growth pace was the most rapid in 2017 when the average import price increased by 185% against the previous year. As a result, import price attained the peak level of $947 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,524 per unit), while the price for China ($67 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grinding, Sanding and Polishing Machine in Singapore (FOB) - 2022
In 2022, the average export price for grinding, sanding and polishing machines amounted to $52 per unit, growing by 18% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 224%. As a result, the export price reached the peak level of $164 per unit. From 2014 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 India ($207 per unit), while the average price for exports to Indonesia ($21 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 India (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Grinding, Sanding and Polishing Machine in Singapore
In 2022, imports of grinding, sanding and polishing machines into Singapore soared to 7.3K units, increasing by 114% compared with 2021. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, grinding, sanding and polishing machine imports soared to $2.1M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Grinding, Sanding and Polishing Machine in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 152 | 92.1 | 203 | 427 | 41.1% |
| Malaysia | 249 | 21.4 | 82.2 | 242 | -0.9% |
| Taiwan (Chinese) | 145 | 93.8 | 44.5 | 195 | 10.4% |
| Japan | 65.5 | 0.9 | 9.2 | 51.9 | -7.5% |
| United Kingdom | 7.1 | 6.9 | 12.0 | 25.3 | 52.7% |
| Thailand | 21.1 | N/A | N/A | N/A | 0% |
| Others | 302 | 478 | 746 | 1,124 | 55.0% |
| Total | 942 | 693 | 1,097 | 2,066 | 29.9% |
Top Suppliers of Grinding, Sanding and Polishing Machine to Singapore in 2022:
- China (6.3K units)
- Taiwan (Chinese) (0.3K units)
- United Kingdom (0.2K units)
- Malaysia (0.2K units)
- Japan (0.1K units)
Exports of Grinding, Sanding and Polishing Machine in Singapore
In 2022, grinding, sanding and polishing machine exports from Singapore surged to 15K units, jumping by 55% against the previous year. Overall, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 225% against the previous year. Over the period under review, the exports attained the maximum at 17K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, grinding, sanding and polishing machine exports skyrocketed to $769K in 2022. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. Over the period under review, the exports attained the peak figure at $846K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Grinding, Sanding and Polishing Machine in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 350 | 41.2 | 138 | 251 | -10.5% |
| Vietnam | 162 | 2.4 | 92.8 | 166 | 0.8% |
| India | 126 | 64.7 | 52.9 | 115 | -3.0% |
| Malaysia | 98.8 | 5.7 | 64.4 | 115 | 5.2% |
| Thailand | 46.7 | 41.8 | 21.5 | 51.8 | 3.5% |
| Maldives | 16.7 | 2.2 | 11.4 | 20.3 | 6.7% |
| Others | 45.4 | 50.7 | 38.7 | 50.6 | 3.7% |
| Total | 846 | 209 | 420 | 769 | -3.1% |
Top Export Markets for Grinding, Sanding and Polishing Machine from Singapore in 2022:
- Indonesia (11.8K units)
- Vietnam (0.9K units)
- India (0.6K units)
- Malaysia (0.6K units)
- Thailand (0.5K units)
- Maldives (0.3K units)
This report provides an in-depth analysis of the market for grinding, sanding and polishing 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials
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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