Singapore: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Singapore

In 2022, the Singaporean pneumatic linear acting actuator market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Singapore

In 2022, the amount of pneumatic linear acting actuators exported from Singapore surged to X units, picking up by X% against 2021 figures. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, pneumatic linear acting actuator exports skyrocketed to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Malaysia (X units) was the main destination for pneumatic linear acting actuator exports from Singapore, with a X% share of total exports. Moreover, pneumatic linear acting actuator exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X units), threefold. Indonesia (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 Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for pneumatic linear acting actuators exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

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

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, approximately equating the previous year. In general, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Vietnam ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

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Imports of Pneumatic Linear Acting Actuators

Imports into Singapore

In 2022, supplies from abroad of pneumatic linear acting actuators decreased by X% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of pneumatic linear acting actuator imports to Singapore, with a combined X% share of total imports. Japan, France, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest pneumatic linear acting actuator suppliers to Singapore, together accounting for X% of total imports. France, Japan, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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