Singapore: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Singapore

The Singaporean straw for fodder balers market rose to $X in 2022, surging by X% against the previous year. In general, consumption saw a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Singapore

In value terms, straw for fodder balers production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from Singapore

In 2022, overseas shipments of straw or fodder balers, including pickup balers increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, straw for fodder balers exports surged to $X in 2022. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for straw for fodder balers exports from Singapore, with a X% share of total exports. Moreover, straw for fodder balers exports to China exceeded the volume sent to the second major destination, Vietnam (X units), fivefold. 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 China totaled 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, China ($X) emerged as the key foreign market for straw or fodder balers, including pickup balers exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

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

Export Prices by Country

In 2022, the average straw for fodder balers export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, saw a pronounced setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 China ($X per unit), while the average price for exports to Malaysia ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into Singapore

In 2022, purchases abroad of straw or fodder balers, including pickup balers was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt decrease. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, straw for fodder balers imports soared to $X in 2022. In general, imports, however, recorded a abrupt setback. Over the period under review, imports attained the maximum 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 straw for fodder balers supplier to Singapore, accounting for a X% share of total imports. Moreover, straw for fodder balers imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to Singapore, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

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

Import Prices by Country

In 2022, the average straw for fodder balers import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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