Singapore - Parts Of Boilers For Central Heating - Market Analysis, Forecast, Size, Trends And Insights

Singapore: Boiler Parts Market Overview 2020

Boiler Parts Market Size in Singapore

The revenue of the boiler parts market in Singapore amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, boiler parts consumption continues to indicate a deep decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the boiler parts market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Boiler Parts Exports

Exports from Singapore

In 2018, the exports of parts of boilers for central heating from Singapore amounted to X tonnes, jumping by X% against the previous year. In general, boiler parts exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, boiler parts exports stood at $X in 2018. In general, boiler parts exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for boiler parts exports from Singapore, accounting for a X% share of total exports. Moreover, boiler parts exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tonnes), threefold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and the UK (+X% per year).

In value terms, Malaysia ($X) remains the key foreign market for boiler parts exports from Singapore, comprising X% of total boiler parts exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and the UK (+X% per year).

Export Prices by Country

In 2018, the average boiler parts export price amounted to $X per tonne, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The export price peaked in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Nigeria ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Singapore

In 2018, approx. X tonnes of parts of boilers for central heating were imported into Singapore; surging by X% against the previous year. Overall, boiler parts imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

In value terms, boiler parts imports amounted to $X in 2018. Over the period under review, boiler parts imports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest boiler parts supplier to Singapore, with a X% share of total imports. Moreover, boiler parts imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

In value terms, the largest boiler parts suppliers to Singapore were Spain ($X), Germany ($X) and China ($X), together comprising X% of total imports. These countries were followed by South Korea, Australia, Belgium, the U.S., China, Hong Kong SAR, Japan, Austria, the Netherlands and Thailand, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average boiler parts import price amounted to $X per tonne, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. In that year, the average import prices for parts of boilers for central heating attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for parts of boilers for central heating remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform