Singapore: Metal Sawing Machine Market 2023

Metal Sawing Machine Market Size in Singapore

The Singaporean metal sawing machine market surged to $X in 2022, growing by X% against the previous year. In general, consumption saw a significant increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Sawing Machine Production in Singapore

In value terms, metal sawing machine production totaled less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Metal sawing machine production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Metal Sawing Machine Exports

Exports from Singapore

In 2022, overseas shipments of sawing or cutting-off machines for working metal increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep setback. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal sawing machine exports amounted to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and India (X units) were the main destinations of metal sawing machine exports from Singapore, with a combined X% share of total exports. New Zealand, Brunei Darussalam, the Philippines and Qatar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and the Philippines ($X) appeared to be the largest markets for metal sawing machine exported from Singapore worldwide, with a combined X% share of total exports. India, New Zealand, Brunei Darussalam and Qatar lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal sawing machine export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a pronounced contraction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

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

Metal Sawing Machine Imports

Imports into Singapore

In 2022, purchases abroad of sawing or cutting-off machines for working metal increased by X% to X units, rising for the fourth consecutive year after six years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, metal sawing machine imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest metal sawing machine supplier to Singapore, with a X% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, the largest metal sawing machine suppliers to Singapore were China ($X), the United States ($X) and the UK ($X), with a combined X% share of total imports.

Among the main suppliers, the UK, 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 metal sawing machine import price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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