Singapore: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Singapore

After two years of growth, the Singaporean mechano-therapy appliances market decreased by X% to $X in 2022. In general, the total consumption indicated slight growth 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, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Mechano-Therapy Appliances Production in Singapore

In value terms, mechano-therapy appliances production soared to $X in 2022 estimated in export price. Overall, production posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Mechano-Therapy Appliances Exports

Exports from Singapore

Mechano-therapy appliances exports from Singapore shrank to X units in 2022, declining by X% against 2021 figures. Overall, exports saw a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechano-therapy appliances exports shrank to $X in 2022. Over the period under review, exports saw a noticeable slump. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Indonesia (X units) and Thailand (X units) were the main destinations of mechano-therapy appliances exports from Singapore, together accounting for X% of total exports. China, Malaysia, Australia, Colombia, India, Hong Kong SAR and the Netherlands 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 Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Thailand ($X) constituted the largest markets for mechano-therapy appliances exported from Singapore worldwide, together accounting for X% of total exports. China, Malaysia, Australia, Colombia, India, Hong Kong SAR and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to 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 mechano-therapy appliances export price amounted to $X per unit, flattening at the previous year. In general, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 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.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Colombia ($X per unit) and Thailand ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Mechano-Therapy Appliances Imports

Imports into Singapore

In 2022, approx. X units of mechano-therapy appliances and massage apparatus were imported into Singapore; falling by X% on the previous year's figure. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mechano-therapy appliances imports reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechano-therapy appliances to Singapore, accounting for a X% share of total imports. Moreover, mechano-therapy appliances imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of mechano-therapy appliances and massage apparatus to Singapore, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average mechano-therapy appliances import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the price for Malaysia ($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 more modest paces of growth.

Source: IndexBox Platform

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