Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $484 per unit in 2022, which is down by -31% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $767 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1,197 per unit), while the price for China ($269 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $632 per unit, with an increase of 53% against the previous year. Overall, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 144%. The export price peaked at $906 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($1,022 per unit), while the average price for exports to Thailand ($153 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 Malaysia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore

In 2022, approx. 3K units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were imported into Singapore; increasing by 11% against the previous year's figure. Over the period under review, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked at 5.3K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses fell dramatically to $1.4M in 2022. In general, imports, however, saw a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Imports peaked at $4.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Singapore in 2022:

1. China (1972.0 units)
2. South Korea (257.0 units)
3. Japan (218.0 units)
4. Indonesia (166.0 units)
5. Italy (131.0 units)
6. Malaysia (96.0 units)
7. United Kingdom (63.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Singapore

In 2022, approx. 567 units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were exported from Singapore; with a decrease of -41.3% on the year before. Overall, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 72% against the previous year. The exports peaked at 3.2K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses contracted to $359K in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, the exports of hit record highs at $612K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Singapore in 2022:

1. Malaysia (386.0 units)
2. Indonesia (131.0 units)
3. Thailand (14.0 units)
4. Sri Lanka (12.0 units)
5. India (10.0 units)

Source: IndexBox Market Intelligence Platform