Singapore: Fuel Filter Market 2024

Fuel Filter Market Size in Singapore

For the sixth consecutive year, the Singaporean fuel filter market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Fuel Filter Production in Singapore

In value terms, fuel filter production surged to $X in 2022 estimated in export price. In general, production continues to indicate modest growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Fuel filter production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fuel Filter Exports

Exports from Singapore

In 2022, overseas shipments of oil or petrol-filters for internal combustion engines decreased by X% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fuel filter exports amounted to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X units), Indonesia (X units) and Kuwait (X units) were the main destinations of fuel filter exports from Singapore, with a combined X% share of total exports.

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

In value terms, Indonesia ($X) remains the key foreign market for oil or petrol-filters for internal combustion engines exports from Singapore, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

The average fuel filter export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Kuwait ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fuel Filter Imports

Imports into Singapore

In 2022, approx. X units of oil or petrol-filters for internal combustion engines were imported into Singapore; dropping by X% on the previous year's figure. In general, imports saw a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, fuel filter imports surged to $X in 2022. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), the Czech Republic (X units) and the United States (X units) were the main suppliers of fuel filter imports to Singapore, together accounting for X% of total imports. Mexico, Germany, Indonesia, Thailand, India, Japan and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest fuel filter suppliers to Singapore were the United States ($X), the Czech Republic ($X) and Mexico ($X), together comprising X% of total imports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 fuel filter import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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