Singapore: Metal Treating Machine Market 2022

Metal Treating Machine Market Size in Singapore

In 2021, the Singaporean metal treating machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a slight descent. Metal treating machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Treating Machine Exports

Exports from Singapore

In 2021, the amount of machines for treating metal, having individual functions exported from Singapore fell to X units, declining by -X% against the previous year's figure. Overall, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal treating machine exports dropped to $X in 2021. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units), Malaysia (X units) and the Philippines (X units) were the main destinations of metal treating machine exports from Singapore, with a combined X% share of total exports. Thailand, Vietnam, Indonesia, the United Arab Emirates and China lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X), Indonesia ($X) and Japan ($X) constituted the largest markets for metal treating machine exported from Singapore worldwide, with a combined X% share of total exports. Malaysia, Thailand, Vietnam, the United Arab Emirates and the Philippines lagged somewhat behind, together accounting for a further X, 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

In 2021, the average metal treating machine export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Treating Machine Imports

Imports into Singapore

In 2021, overseas purchases of machines for treating metal, having individual functions were finally on the rise to reach X units after two years of decline. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal treating machine imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and Malaysia (X units) were the main suppliers of metal treating machine imports to Singapore, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), China ($X) and Malaysia ($X) appeared to be the largest metal treating machine suppliers to Singapore, with a combined X% share of total imports.

Malaysia, 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

The average metal treating machine import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price showed resilient growth. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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