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Store → Machinery And Equipment → Metal-Forming Machinery And Machine Tools → Grinding, Sanding Or Polishing Machines
Report Singapore - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Singapore - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Singapore

In 2021, the Singaporean market for grinding, sanding and polishing machines decreased by -75.3% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Singapore

In 2021, grinding, sanding and polishing machine exports from Singapore reached X units, picking up by 13% on the year before. Overall, exports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 474% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 162% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), India (X units) and Russia (X units) were the main destinations of grinding, sanding and polishing machine exports from Singapore, with a combined 84% share of total exports. Indonesia and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +152.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Singapore were India ($X), Indonesia ($X) and Malaysia ($X), with a combined 82% share of total exports. Russia and France lagged somewhat behind, together accounting for a further 11%.

France, with a CAGR of +145.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, increasing by 111% against the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Singapore

In 2021, purchases abroad of grinding, sanding and polishing machines decreased by -62.1% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports dropped notably to $X in 2021. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 143%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of grinding, sanding and polishing machine to Singapore, accounting for a 66% share of total imports. Moreover, grinding, sanding and polishing machine imports from Turkey exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +82.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-23.2% per year) and Germany (-22.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of grinding, sanding and polishing machine to Singapore, comprising 47% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +117.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and Taiwan (Chinese) (-5.2% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, surging by 26% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 100%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding, sanding and polishing machines in the world?
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The United States remains the largest grinding, sanding and polishing machine consuming country worldwide, comprising approx. 24% of total volume. Moreover, grinding, sanding and polishing machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Chile, twofold. The Netherlands ranked third in terms of total consumption with a 6.8% share.
What are the largest producers of grinding, sanding and polishing machines in the world?
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The country with the largest volume of grinding, sanding and polishing machine production was China, comprising approx. 67% of total volume. Moreover, grinding, sanding and polishing machine production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fourfold. The third position in this ranking was taken by Spain, with a 4.5% share.
What are the leading suppliers of grinding, sanding and polishing machines to Singapore?
+
In value terms, Turkey constituted the largest supplier of grinding, sanding and polishing machine to Singapore, comprising 47% of total imports. The second position in the ranking was taken by the United States, with a 17% share of total imports. It was followed by Taiwan Chinese), with a 15% share.
What are the leading importers of grinding, sanding and polishing machines from Singapore?
+
In value terms, the largest markets for grinding, sanding and polishing machine exported from Singapore were India, Indonesia and Malaysia, with a combined 82% share of total exports. These countries were followed by Russia and France, which together accounted for a further 11%.
What is the average export price for grinding, sanding and polishing machines in Singapore?
+
In 2021, the average export price for grinding, sanding and polishing machines amounted to $313 per unit, jumping by 111% against the previous year.
What is the average import price for grinding, sanding and polishing machines in Singapore?
+
The average import price for grinding, sanding and polishing machines stood at $531 per unit in 2021, growing by 26% against the previous year.

This report provides an in-depth analysis of the market for grinding, sanding and polishing machine 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 2030.


Product coverage:
• Prodcom 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials
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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
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 PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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