Singapore: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Singapore

The Singaporean AC/DC motor market surged to $X in 2022, picking up by X% against the previous year. In general, consumption posted buoyant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ac/Dc Motor Production in Singapore

In value terms, AC/DC motor production surged to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Ac/Dc Motor Exports

Exports from Singapore

In 2022, shipments abroad of AC/DC motors increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, AC/DC motor exports skyrocketed to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for AC/DC motor exports from Singapore, accounting for a X% share of total exports. Moreover, AC/DC motor exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold. The third position in this ranking was held by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Hungary (X% per year).

In value terms, Malaysia ($X), China ($X) and Australia ($X) constituted the largest markets for AC/DC motor exported from Singapore worldwide, with a combined X% share of total exports. Thailand, Indonesia, India and Hungary lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average AC/DC motor export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while the average price for exports to Hungary ($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 more modest paces of growth.

Ac/Dc Motor Imports

Imports into Singapore

In 2022, after two years of growth, there was significant decline in purchases abroad of AC/DC motors, when their volume decreased by X% to X units. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, AC/DC motor imports totaled $X in 2022. Over the period under review, imports recorded a noticeable decline. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure 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 supplier of AC/DC motor to Singapore, accounting for a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was taken by the United States (X units), 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: Japan (X% per year) and the United States (X% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) appeared to be the largest AC/DC motor suppliers to Singapore, together comprising X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw 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

In 2022, the average AC/DC motor import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated measured 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, AC/DC motor import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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