Singapore: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Singapore

The Singaporean non-domestic dryer market stood at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Non-domestic dryer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Domestic Dryer Production in Singapore

In value terms, non-domestic dryer production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Non-Domestic Dryer Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in overseas shipments of non-domestic dryers, when their volume decreased by X% to X units. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-domestic dryer exports reduced markedly to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for non-domestic dryer exports from Singapore, with a X% share of total exports. Moreover, non-domestic dryer exports to Hong Kong SAR exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for non-domestic dryers exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

Export Prices by Country

The average non-domestic dryer export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Non-Domestic Dryer Imports

Imports into Singapore

In 2022, the amount of non-domestic dryers imported into Singapore shrank markedly to X units, declining by X% against the previous year's figure. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-domestic dryer imports shrank significantly to $X in 2022. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of non-domestic dryer imports to Singapore, together comprising X% of total imports. Germany, Italy, the United States, the Netherlands, Taiwan (Chinese), Indonesia, India, Thailand, Malaysia and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest non-domestic dryer suppliers to Singapore were China ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports. Germany, Italy, the United States, the Netherlands, Taiwan (Chinese), Indonesia, India, Thailand, Malaysia and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average non-domestic dryer import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Japan ($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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