Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore
4. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $622 per unit, waning by -22.1% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 120%. Over the period under review, average import prices hit record highs at $799 per unit in 2021, and then reduced rapidly in the following year.

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 Switzerland ($902 per unit), while the price for China ($511 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $622 per unit, which is down by -49.3% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $2,721 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Timor-Leste ($805 per unit), while the average price for exports to South Korea ($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 Indonesia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore

In 2022, the amount of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses imported into Singapore skyrocketed to 92 units, rising by 74% against 2021 figures. Over the period under review, imports, however, faced a precipitous contraction. Imports peaked at 1.2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses surged to $57K in 2022. In general, imports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked at $841K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Singapore in 2022:

1. China (43.0 units)
2. Japan (30.0 units)
3. Mexico (12.0 units)
4. Switzerland (5.0 units)
5. Italy (2.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Singapore

In 2022, shipments abroad of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses decreased by 0% to 5 units, falling for the second year in a row after two years of growth. Overall, exports showed a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 284%. As a result, the exports reached the peak of 234 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses reduced rapidly to $3.1K in 2022. Over the period under review, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 747%. As a result, the exports reached the peak of $392K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from Singapore in 2022:

1. Malaysia (2.0 units)
2. Timor-Leste (2.0 units)
3. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform