Singapore: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Singapore

The Singaporean market for spray guns and similar appliances shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a noticeable descent. Spray guns and similar appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Spray Guns And Similar Appliances in Singapore

In value terms, spray guns and similar appliances production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Singapore

In 2022, spray guns and similar appliances exports from Singapore shrank to X units, which is down by X% compared with 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, spray guns and similar appliances exports contracted to $X in 2022. Overall, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Australia (X units) were the main destinations of spray guns and similar appliances exports from Singapore, with a combined X% share of total exports. India, the Philippines, China, Bangladesh, Thailand, the Netherlands, the United Arab Emirates, Hong Kong SAR, Taiwan (Chinese) and Japan 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 Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Singapore were Indonesia ($X), Malaysia ($X) and Australia ($X), together comprising X% of total exports. India, the Philippines, China, Bangladesh, Thailand, the Netherlands, the United Arab Emirates, Hong Kong SAR, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, saw 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

The average export price for spray guns and similar appliances stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and India ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Spray Guns And Similar Appliances

Imports into Singapore

In 2022, supplies from abroad of spray guns and similar appliances decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spray guns and similar appliances imports contracted to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and South Korea (X units) were the main suppliers of spray guns and similar appliances imports to Singapore, together accounting for X% of total imports. Malaysia, Japan, Germany, Spain, the UK, Taiwan (Chinese), Italy, Australia and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest spray guns and similar appliances suppliers to Singapore were the United States ($X), China ($X) and South Korea ($X), together accounting for X% of total imports. Malaysia, Japan, Germany, Spain, the UK, Taiwan (Chinese), Italy, Australia and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of 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 import price for spray guns and similar appliances stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Australia ($X per unit), while the price for Malaysia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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