Singapore: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Singapore

The Singaporean electronic metal tester market expanded rapidly to $X.1B in 2022, growing by X% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market reached the maximum level at $X.2B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electronic Metal Tester Production in Singapore

In value terms, electronic metal tester production expanded markedly to $X.9B in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X.6B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Electronic Metal Tester Exports

Exports from Singapore

In 2022, electronic metal tester exports from Singapore declined markedly to X units, falling by X% against the year before. In general, exports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank sharply in the following year.

In value terms, electronic metal tester exports reduced markedly to $X in 2022. Overall, exports saw a noticeable contraction. 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 dramatically in the following year.

Exports by Country

Vietnam (X units), Myanmar (X units) and Indonesia (X units) were the main destinations of electronic metal tester exports from Singapore, together comprising X% of total exports.

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

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for electronic metal tester exported from Singapore worldwide, together accounting for X% of total exports. Australia, India, the Philippines, the United States, Thailand, Brunei Darussalam, Myanmar, Taiwan (Chinese), the United Arab Emirates and Namibia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Brunei Darussalam, with a CAGR of X%, saw the highest growth rate of 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 electronic metal tester export price amounted to $X per unit, which is down by X% against the previous year. In general, export price indicated a pronounced 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. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Namibia ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Singapore

After two years of decline, supplies from abroad of electronic machines and appliances for testing metals increased by X% to X units in 2022. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electronic metal tester imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X units), the United States (X units) and China (X units) were the main suppliers of electronic metal tester imports to Singapore, together comprising X% of total imports. The Netherlands, the UK, Switzerland, Taiwan (Chinese), Germany and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Malaysia ($X), the United States ($X) and China ($X) were the largest electronic metal tester suppliers to Singapore, together accounting for X% of total imports. The Netherlands, the UK, Switzerland, Taiwan (Chinese), Germany and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, 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

The average electronic metal tester import price stood at $X per unit in 2022, stabilizing at 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 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Netherlands ($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

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