Singapore: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Singapore

The Singaporean jacks and hoists market surged to $X in 2022, rising by X% against the previous year. Overall, consumption, however, showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Jacks And Hoists Production in Singapore

In value terms, jacks and hoists production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports from Singapore

In 2022, after three years of decline, there was significant growth in overseas shipments of jacks and hoists for raising vehicles, when their volume increased by X% to X units. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, jacks and hoists exports reduced to $X in 2022. Overall, exports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for jacks and hoists exports from Singapore, accounting for a X% share of total exports. Moreover, jacks and hoists exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), ninefold. Australia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Australia (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value 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 the Netherlands (X% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Singapore

In 2022, jacks and hoists imports into Singapore skyrocketed to X units, increasing by X% compared with the previous year. Over the period under review, imports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of jacks and hoists to Singapore, with a X% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

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

In value terms, the largest jacks and hoists suppliers to Singapore were France ($X), China ($X) and the United States ($X), together comprising X% of total imports. Norway, Malaysia, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 jacks and hoists import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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