Singapore: Photo-Copying Apparatus Market 2023

Photo-Copying Apparatus Market Size in Singapore

In 2022, the Singaporean photo-copying apparatus market decreased by -7.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption faced a abrupt contraction. Photo-copying apparatus consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Photo-Copying Apparatus Production in Singapore

In value terms, photo-copying apparatus production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Photo-Copying Apparatus Exports

Exports from Singapore

In 2022, shipments abroad of photo-copying apparatus increased by 3.7% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 59%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, photo-copying apparatus exports reached $X in 2022. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Thailand (X units) and Malaysia (X units) were the main destinations of photo-copying apparatus exports from Singapore, together comprising 44% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +31.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for photo-copying apparatus exports from Singapore, comprising 24% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports. It was followed by Bangladesh, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-4.9% per year) and Bangladesh (+5.7% per year).

Export Prices by Country

The average photo-copying apparatus export price stood at $X per unit in 2022, increasing by 4.5% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, photo-copying apparatus export price increased by +60.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Malaysia ($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 United States (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Singapore

In 2022, approx. X units of photo-copying apparatus were imported into Singapore; shrinking by -13% against the year before. Overall, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2018 when imports increased by 30%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, photo-copying apparatus imports stood at $X in 2022. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 4.9%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Indonesia (X units) and Malaysia (X units) were the main suppliers of photo-copying apparatus imports to Singapore, with a combined 68% share of total imports. Japan, Vietnam, the Philippines, Thailand, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +2.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of photo-copying apparatus to Singapore, comprising 28% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-26.9% per year) and Japan (-6.3% per year).

Import Prices by Country

In 2022, the average photo-copying apparatus import price amounted to $X per unit, jumping by 15% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, photo-copying apparatus import price increased by +18.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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