
Singapore - Parts of Boilers for Central Heating - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Singapore: Boiler Parts Market 2022
Boiler Parts Market Size in Singapore
After four years of growth, the Singaporean boiler parts market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Boiler parts consumption peaked at $X in 2020, and then dropped in the following year.
Boiler Parts Production in Singapore
In value terms, boiler parts production declined modestly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.
Boiler Parts Exports
Exports from Singapore
In 2021, boiler parts exports from Singapore reduced sharply to X tons, with a decrease of -X% against the previous year's figure. Overall, exports showed a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, boiler parts exports contracted sharply to $X in 2021. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Indonesia (X tons) was the main destination for boiler parts exports from Singapore, with a X% share of total exports. Moreover, boiler parts exports to Indonesia exceeded the volume sent to the second major destination, Bangladesh (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-X% per year) and Malaysia (-X% per year).
In value terms, Indonesia ($X) remains the key foreign market for boiler parts exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.
From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-X% per year) and Malaysia (-X% per year).
Export Prices by Country
The average boiler parts export price stood at $X per ton in 2021, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked in 2021 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and Thailand ($X per ton), while the average price for exports to Malaysia ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Boiler Parts Imports
Imports into Singapore
In 2021, imports of parts of boilers for central heating into Singapore dropped notably to X tons, shrinking by -X% against 2020 figures. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, boiler parts imports dropped markedly to $X in 2021. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of boiler parts imports to Singapore, together accounting for X% of total imports. Belgium, South Korea, Malaysia and Japan lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of -X%), while imports for the other leaders experienced a decline.
In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest boiler parts suppliers to Singapore, with a combined X% share of total imports. These countries were followed by Belgium, South Korea, Malaysia and Japan, which together accounted for a further X the main suppliers, Belgium, 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 a decline.
Import Prices by Country
In 2021, the average boiler parts import price amounted to $X per ton, waning by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2020, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and the United States ($X per ton), while the price for Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the boiler parts market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global boiler parts market.
This report provides an in-depth analysis of the boiler parts market in the EU.
This report provides an in-depth analysis of the boiler parts market in Asia.
This report provides an in-depth analysis of the boiler parts market in the U.S..
This report provides an in-depth analysis of the boiler parts market in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET