Singapore - Machinery For Public Works And Building - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPublic Works Machinery Price in Singapore - 2022
Contents:
- Public Works Machinery Price in Singapore (FOB) - 2022
- Public Works Machinery Price in Singapore (CIF) - 2022
- Public Works Machinery Exports in Singapore
- Public Works Machinery Imports in Singapore
Public Works Machinery Price in Singapore (FOB) - 2022
The average public works machinery export price stood at $1,395 per unit in 2022, dropping by -19% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2013 an increase of 70%. Over the period under review, the average export prices hit record highs at $4,330 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,992 per unit), while the average price for exports to Iraq ($68 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 the United States (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Public Works Machinery Price in Singapore (CIF) - 2022
The average public works machinery import price stood at $176 per unit in 2022, dropping by -30.4% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The import price peaked at $1,818 per unit in 2014; however, from 2015 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 Germany ($4,198 per unit), while the price for the UK ($64 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.2%), while the prices for the other major suppliers experienced a decline.
Public Works Machinery Exports in Singapore
In 2022, shipments abroad of machinery for public works and building was finally on the rise to reach 6.2K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt curtailment. The exports peaked at 11K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, public works machinery exports surged to $8.7M in 2022. In general, exports, however, recorded a abrupt curtailment. The exports peaked at $16M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Public Works Machinery in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.7 | 1.0 | 0.7 | 2.5 | 52.9% |
| Indonesia | 4.6 | 4.2 | 1.6 | 1.8 | -26.9% |
| Malaysia | 2.7 | 2.3 | 2.0 | 0.9 | -30.7% |
| United States | N/A | 0.9 | N/A | 0.7 | -11.8% |
| Thailand | 1.5 | 1.9 | 0.4 | 0.6 | -26.3% |
| Saudi Arabia | N/A | 2.5 | N/A | 0.4 | -60.0% |
| Bangladesh | 0.4 | 0.5 | N/A | 0.4 | 0.0% |
| China | 2.2 | N/A | 0.2 | 0.2 | -55.0% |
| Philippines | 1.9 | 0.5 | 1.1 | 0.1 | -62.5% |
| Oman | 0.7 | N/A | N/A | N/A | 0% |
| Iraq | N/A | N/A | N/A | N/A | 0% |
| Others | 1.7 | 2.3 | 0.7 | 1.1 | -13.5% |
| Total | 16.4 | 16.2 | 6.8 | 8.7 | -19.0% |
Top Export Markets for Public Works Machinery from Singapore in 2022:
- Vietnam (1799.0 units)
- Indonesia (1093.0 units)
- Malaysia (974.0 units)
- Thailand (463.0 units)
- Bangladesh (455.0 units)
- Iraq (443.0 units)
- United States (340.0 units)
- Saudi Arabia (169.0 units)
- China (77.0 units)
- Philippines (25.0 units)
Public Works Machinery Imports in Singapore
Public works machinery imports into Singapore skyrocketed to 46K units in 2022, picking up by 74% on 2021 figures. Over the period under review, imports continue to indicate strong growth. Over the period under review, imports attained the maximum at 53K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, public works machinery imports soared to $8.2M in 2022. Overall, imports, however, saw a sharp curtailment. Over the period under review, imports attained the peak figure at $21M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Public Works Machinery in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 3.1 | 2.1 | 3.5 | -3.5% |
| Canada | N/A | 3.2 | 0.2 | 0.2 | -75.0% |
| Malaysia | 10.4 | 5.7 | 0.3 | 0.2 | -73.2% |
| United Kingdom | 0.7 | 0.4 | 0.4 | 0.1 | -47.7% |
| Others | 6.5 | 6.3 | 3.8 | 4.2 | -13.5% |
| Total | 21.4 | 18.9 | 6.7 | 8.2 | -27.4% |
Top Suppliers of Public Works Machinery to Singapore in 2022:
- Malaysia (undefinedK units)
- China (40.8K units)
- United Kingdom (2.0K units)
- Canada (1.6K units)
This report provides an in-depth analysis of the public works machinery market 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 28923090 - Machinery for public works, building..., having individual functions
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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