Singapore: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Singapore

The Singaporean electric brazing machine market rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Electric Brazing Machine Production in Singapore

In value terms, electric brazing machine production stood at $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electric Brazing Machine Exports

Exports from Singapore

In 2022, shipments abroad of electric brazing or soldering machines and apparatus increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 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, electric brazing machine exports rose markedly to $X in 2022. In general, exports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for electric brazing machine exports from Singapore, with a X% share of total exports. Moreover, electric brazing machine exports to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Indonesia (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and the United States ($X) were the largest markets for electric brazing machine exported from Singapore worldwide, together accounting for X% of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 electric brazing machine export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank rapidly 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 Austria ($X per unit), while the average price for exports to Malaysia ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports into Singapore

Electric brazing machine imports into Singapore skyrocketed to X units in 2022, growing by X% compared with 2021 figures. Over the period under review, imports recorded temperate growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, electric brazing machine imports skyrocketed to $X in 2022. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), China (X units) and Switzerland (X units) were the main suppliers of electric brazing machine imports to Singapore, with a combined X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of electric brazing or soldering machines and apparatus to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2022, the average electric brazing machine import price amounted to $X per unit, jumping by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price 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. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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