Singapore: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Singapore

The Singaporean injection-moulding machine market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible shrinkage. Injection-moulding machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Injection-Moulding Machine Production in Singapore

In value terms, injection-moulding machine production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Injection-moulding machine production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Injection-Moulding Machine Exports

Exports from Singapore

After two years of growth, overseas shipments of injection-moulding machines for working rubber or plastics decreased by X% to X units in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then reduced slightly in the following year.

In value terms, injection-moulding machine exports contracted to $X in 2022. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and the United States (X units) were the main destinations of injection-moulding machine exports from Singapore, together accounting for X% of total exports.

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

In value terms, the largest markets for injection-moulding machine exported from Singapore were Indonesia ($X), Malaysia ($X) and the United States ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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 injection-moulding machine export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Injection-Moulding Machine Imports

Imports into Singapore

In 2022, approx. X units of injection-moulding machines for working rubber or plastics were imported into Singapore; increasing by X% against the previous year. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, injection-moulding machine imports shrank significantly to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest injection-moulding machine supplier to Singapore, with a X% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest injection-moulding machine suppliers to Singapore, together comprising X% of total imports. Switzerland, Malaysia, Indonesia, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average injection-moulding machine import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, showed tangible growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($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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