Singapore: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Singapore

The Singaporean feedstuff preparing machinery market shrank slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a tangible increase. Feedstuff preparing machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Production in Singapore

In value terms, feedstuff preparing machinery production shrank to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Feedstuff preparing machinery production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports from Singapore

In 2022, shipments abroad of machinery for preparing animal feedstuffs decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, exports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, feedstuff preparing machinery exports dropped to $X in 2022. Overall, exports, however, saw noticeable growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units), Indonesia (X units) and Cambodia (X units) were the main destinations of feedstuff preparing machinery exports from Singapore, together accounting for X% of total exports. Vietnam, Japan, Thailand, India and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Indonesia ($X) and Cambodia ($X) constituted the largest markets for feedstuff preparing machinery exported from Singapore worldwide, with a combined X% share of total exports. Vietnam, Japan, Thailand, India and Pakistan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average feedstuff preparing machinery export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per unit) and Cambodia ($X per unit), while the average price for exports to Pakistan ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Feedstuff Preparing Machinery Imports

Imports into Singapore

In 2022, supplies from abroad of machinery for preparing animal feedstuffs was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, feedstuff preparing machinery imports soared to $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X units), China (X units) and the United States (X units) were the main suppliers of feedstuff preparing machinery imports to Singapore, with a combined X% share of total imports.

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

In value terms, the largest feedstuff preparing machinery suppliers to Singapore were India ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Indonesia, Israel, Malaysia, South Korea, Germany, Thailand, the Netherlands, Namibia and the UK lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of 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 feedstuff preparing machinery import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Indonesia ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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