Singapore: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Singapore

The Singaporean digital data processing machine market rose significantly to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Singapore

In value terms, digital data processing machine production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Digital data processing machine production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Singapore

In 2022, overseas shipments of digital data processing machines: presented in the form of systems increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, digital data processing machine exports dropped to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Malaysia (X units), the Philippines (X units) and Indonesia (X units) were the main destinations of digital data processing machine exports from Singapore, with a combined X% share of total exports. Hong Kong SAR, Vietnam, Cambodia, Germany and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for digital data processing machine exported from Singapore worldwide, together comprising X% of total exports. Malaysia, Hong Kong SAR, Cambodia, India and Germany lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of 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

The average digital data processing machine export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

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

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Singapore

In 2022, purchases abroad of digital data processing machines: presented in the form of systems increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, digital data processing machine imports skyrocketed to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Malaysia (X units) constituted the largest digital data processing machine supplier to Singapore, with a X% share of total imports. Moreover, digital data processing machine imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest digital data processing machine suppliers to Singapore were Malaysia ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Hong Kong SAR, Taiwan (Chinese), Japan and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded 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 digital data processing machine import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price enjoyed resilient growth. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 the United States ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :