Singapore: Super-Heated Water Boiler Market 2024

Super-Heated Water Boiler Market Size in Singapore

The Singaporean super-heated water boiler market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption posted a pronounced increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Super-Heated Water Boiler Production in Singapore

In value terms, super-heated water boiler production skyrocketed to $X in 2022 estimated in export price. In general, production saw a prominent increase. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Super-Heated Water Boiler Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of super-heated water boilers, which decreased by X% to X tons in 2022. In general, exports saw a precipitous decline. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, super-heated water boiler exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Seychelles (X kg), France (X kg) and Maldives (X kg) were the main destinations of super-heated water boiler exports from Singapore, together accounting for X% of total exports. The United Arab Emirates, Myanmar, Indonesia and Mongolia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Seychelles ($X), France ($X) and Maldives ($X) appeared to be the largest markets for super-heated water boiler exported from Singapore worldwide, with a combined X% share of total exports. The United Arab Emirates, Myanmar, Indonesia and Mongolia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average super-heated water boiler export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, super-heated water boiler export price increased by X% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Seychelles ($X per ton), while the average price for exports to Mongolia ($X per ton) and Myanmar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced mixed trend patterns.

Super-Heated Water Boiler Imports

Imports into Singapore

For the third consecutive year, Singapore recorded decline in supplies from abroad of super-heated water boilers, which decreased by X% to X tons in 2022. Overall, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, super-heated water boiler imports dropped dramatically to $X in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of super-heated water boiler to Singapore, accounting for a X% share of total imports. Moreover, super-heated water boiler imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X) constituted the largest supplier of super-heated water boilers to Singapore, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

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

Import Prices by Country

The average super-heated water boiler import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, super-heated water boiler import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform