Singapore: Ecg Market 2024

Ecg Market Size in Singapore

The Singaporean ECG market expanded to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a resilient increase. Consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ecg Production in Singapore

In value terms, ECG production stood at $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Ecg Exports

Exports from Singapore

In 2022, shipments abroad of electro-cardiographs increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ECG exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for ECG exports from Singapore, with a X% share of total exports. Moreover, ECG exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for electro-cardiographs exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (X% per year).

Export Prices by Country

The average ECG export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Japan ($X per unit), while the average price for exports to Indonesia ($X per unit) and China ($X per unit) were amongst the lowest.

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

Ecg Imports

Imports into Singapore

For the seventh year in a row, Singapore recorded growth in overseas purchases of electro-cardiographs, which increased by X% to X units in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ECG imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) was the main ECG supplier to Singapore, with a X% share of total imports. It was followed by Canada (X units), with a X% share of total imports. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and India (X% per year).

In value terms, the United States ($X) constituted the largest supplier of electro-cardiographs to Singapore, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average ECG import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and Canada ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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