Singapore: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Singapore

The Singaporean lathe for removing metal market plummeted to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a abrupt downturn. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Singapore

In value terms, lathe for removing metal production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, lafor removing metal production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Singapore

Lathe for removing metal exports from Singapore soared to X units in 2022, increasing by X% on the previous year. Over the period under review, exports, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), India (X units) and Belgium (X units) were the main destinations of lathe for removing metal exports from Singapore, together comprising X% of total exports.

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

In value terms, the largest markets for lathe for removing metal exported from Singapore were Belgium ($X), India ($X) and Japan ($X), together accounting for X% of total exports.

Belgium, with a CAGR of X%, saw the highest growth rate of 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 lathe for removing metal export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a mild descent. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Imports of Lathes For Removing Metal

Imports into Singapore

In 2022, lathe for removing metal imports into Singapore fell rapidly to X units, dropping by X% against 2021 figures. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, lafor removing metal imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lathe for removing metal imports declined significantly to $X in 2022. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, lafor removing metal imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), China (X units) and Switzerland (X units) were the main suppliers of lathe for removing metal imports to Singapore, with a combined X% share of total imports. Italy, Germany, Japan, Taiwan (Chinese), the UK and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest lathe for removing metal suppliers to Singapore, together comprising X% of total imports. Italy, Switzerland, Malaysia, Germany, the UK and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average lathe for removing metal import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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