Singapore: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Singapore

The Singaporean endless machinery band market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a abrupt descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Endless Machinery Band Production in Singapore

In value terms, endless machinery band production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Singapore

Endless machinery band exports from Singapore dropped significantly to X square meters in 2022, declining by X% against the year before. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, endless machinery band exports declined remarkably to $X in 2022. Over the period under review, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X square meters), Indonesia (X square meters) and China (X square meters) were the main destinations of endless machinery band exports from Singapore, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) were the largest markets for endless machinery band exported from Singapore worldwide, with a combined X% share of total exports.

Among the main countries of destination, Vietnam, 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 a decline.

Export Prices by Country

In 2022, the average endless machinery band export price amounted to $X per square meter, picking up by X% against the previous year. In general, export price indicated a tangible 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. Based on 2022 figures, endless machinery band export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports into Singapore

In 2022, endless machinery band imports into Singapore contracted remarkably to X square meters, declining by X% on the year before. In general, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, endless machinery band imports dropped dramatically to $X in 2022. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X square meters) constituted the largest supplier of endless machinery band to Singapore, accounting for a X% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X square meters), 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: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X) constituted the largest supplier of endless bands for machinery, of stainless steel to Singapore, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price continues to indicate significant growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2021 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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