Singapore: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Singapore

The Singaporean metal deburring machine market dropped to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Metal deburring machine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Deburring Machine Production in Singapore

In value terms, metal deburring machine production stood at less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Deburring Machine Exports

Exports from Singapore

In 2022, shipments abroad of machines for deburring or polishing metal was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a tangible increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal deburring machine exports skyrocketed to $X in 2022. In general, exports continue to indicate a slight increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for metal deburring machine exports from Singapore, accounting for a X% share of total exports. Moreover, metal deburring machine exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), threefold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and China (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for machines for deburring or polishing metal exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Malaysia, with an 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: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average metal deburring machine export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the Philippines ($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.

Metal Deburring Machine Imports

Imports into Singapore

Metal deburring machine imports into Singapore contracted dramatically to X units in 2022, with a decrease of X% on the year before. Overall, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal deburring machine imports dropped markedly to $X in 2022. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of metal deburring machine imports to Singapore, with a combined X% share of total imports. The UK, the Netherlands, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal deburring machine suppliers to Singapore were the United States ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total imports. China, Malaysia, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average metal deburring machine import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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