Singapore: Multi-Station Transfer Machine Market 2024

Multi-Station Transfer Machine Market Size in Singapore

In 2022, after three years of growth, there was significant decline in the Singaporean multi-station transfer machine market, when its value decreased by X% to $X. In general, consumption recorded a abrupt curtailment. Multi-station transfer machine consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Multi-Station Transfer Machine Exports

Exports from Singapore

In 2022, overseas shipments of multi-station transfer machines for working metal decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, multi-station transfer machine exports declined sharply to $X in 2022. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Malaysia (X units) was the main destination for multi-station transfer machine exports from Singapore, with a X% share of total exports. Moreover, multi-station transfer machine exports to Malaysia exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Vietnam (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for multi-station transfer machines for working metal exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average multi-station transfer machine export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Vietnam ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multi-Station Transfer Machine Imports

Imports into Singapore

In 2022, the amount of multi-station transfer machines for working metal imported into Singapore shrank significantly to X units, declining by X% compared with 2021. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, multi-station transfer machine imports contracted notably to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of multi-station transfer machine imports to Singapore, with a combined X% share of total imports.

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

In value terms, the United States ($X), Japan ($X) and Italy ($X) appeared to be the largest multi-station transfer machine suppliers to Singapore, together accounting for X% of total imports. China, Germany and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average multi-station transfer machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :