Singapore: Cash Register Market 2024

Cash Register Market Size in Singapore

The Singaporean cash register market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a significant expansion. Cash register consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cash Register Production in Singapore

In value terms, cash register production skyrocketed to $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. Cash register production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cash Register Exports

Exports from Singapore

In 2022, shipments abroad of cash registers decreased by X% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cash register exports shrank markedly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of cash register exports from Singapore, together accounting for X% of total exports. Australia, Malaysia, Azerbaijan, Indonesia, Argentina, Vietnam, the United Arab Emirates, the UK and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cash register exported from Singapore were Belgium ($X), the United States ($X) and Australia ($X), together comprising X% of total exports. Malaysia, the Netherlands, Indonesia, Argentina, Azerbaijan, Vietnam, the United Arab Emirates, the UK and Germany lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cash register export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United States ($X 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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cash Register Imports

Imports into Singapore

After five years of decline, supplies from abroad of cash registers increased by X% to X units in 2022. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cash register imports expanded significantly to $X in 2022. In general, imports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X units), China (X units) and Vietnam (X units) were the main suppliers of cash register imports to Singapore, together comprising X% of total imports. Taiwan (Chinese), Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cash register suppliers to Singapore were China ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total imports. Taiwan (Chinese), Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cash register import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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