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Singapore - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Power Tool Market Overview 2020

Power Tool Market Size in Singapore

The Singaporean power tool market reduced to $X in 2019, which is down by -X% against the previous year. In general, consumption showed measured growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Power Tool Production in Singapore

In value terms, power tool production shrank rapidly to $X in 2019 estimated in export prices. Overall, production, however, showed a mild descent. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Power Tool Exports

Exports from Singapore

Power tool exports from Singapore rose slightly to X units in 2019, picking up by X% on the previous year. Overall, total exports indicated a notable increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X units in 2017; afterwards, it flattened through to 2019.

In value terms, power tool exports reduced to $X in 2019. Over the period under review, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2016 to 2019, the growth exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for power tool exports from Singapore, with a X% share of total exports. Moreover, power tool exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Indonesia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Indonesia ($X) remains the key foreign market for power tool exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2018, the average power tool export price amounted to $X per unit, waning by -X% against the previous year. In general, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2016; however, from 2017 to 2018, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced mixed trend patterns.

Power Tool Imports

Imports into Singapore

Power tool imports into Singapore surged to X units in 2019, with an increase of X% against 2018 figures. Over the period under review, imports showed notable growth. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, power tool imports fell to $X in 2019. In general, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

China (X units), Malaysia (X units) and Austria (X units) were the main suppliers of power tool imports to Singapore, together accounting for X% of total imports. These countries were followed by Japan, South Korea, Germany and Thailand, which together accounted for a further X 2007 to 2018, the biggest increases were in Thailand, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest power tool suppliers to Singapore were China ($X), Malaysia ($X) and Austria ($X), together accounting for X% of total imports. These countries were followed by Japan, South Korea, Germany and Thailand, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average power tool import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated a measured increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?
+
The countries with the highest volumes of power tool consumption in 2019 were China (122M units), the U.S. (81M units) and Japan (20M units), with a combined 52% share of global consumption. These countries were followed by Germany, Russia, France, India, Belgium, Brazil, Poland, Australia and Mexico, which together accounted for a further 24%.
What are the largest producers of power tools in the world?
+
The country with the largest volume of power tool production was China (234M units), comprising approx. 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Japan (18M units), more than tenfold. The third position in this ranking was occupied by Germany (13M units), with a 4.2% share.
What are the leading suppliers of power tools to Singapore?
+
In value terms, the largest power tool suppliers to Singapore were China ($19M), Malaysia ($15M) and Austria ($8.7M), with a combined 76% share of total imports. Japan, South Korea, Germany and Thailand lagged somewhat behind, together comprising a further 15%.
What are the leading importers of power tools from Singapore?
+
In value terms, Indonesia ($26M) remains the key foreign market for power tool exports from Singapore, comprising 55% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($4.9M), with a 10% share of total exports. It was followed by Malaysia, with a 8.4% share.
What is the average export price for power tools in Singapore?
+
In 2018, the average power tool export price amounted to $25 per unit, declining by -11.1% against the previous year.
What is the average import price for power tools in Singapore?
+
In 2018, the average power tool import price amounted to $58 per unit, increasing by 126% against the previous year.

Product coverage:
• Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
• Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
• Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
• Prodcom 28241123 - Electromechanical chainsaws
• Prodcom 28241125 - Electromechanical circular saws
• Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
• Prodcom 28241133 -
• Prodcom 28241135 -
• Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
• Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
• Prodcom 28241190 -

This report provides an in-depth analysis of the power tool 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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