Singapore: Circuit Breaker Market 2025

Circuit Breaker Market Size in Singapore

The Singaporean circuit breaker market reduced remarkably to $X in 2022, falling by -15.9% against the previous year. Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Circuit Breaker Production in Singapore

In value terms, circuit breaker production soared to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 4,700% against the previous year. Circuit breaker production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Circuit Breaker Exports

Exports from Singapore

In 2022, the amount of automatic circuit breakers exported from Singapore expanded slightly to X units, with an increase of 2% compared with the year before. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 137% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, circuit breaker exports shrank to $X in 2022. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2016 with an increase of 114%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

The United Arab Emirates (X units), Malaysia (X units) and Thailand (X units) were the main destinations of circuit breaker exports from Singapore, together accounting for 46% of total exports. Indonesia, Vietnam, the Philippines, the United States, Egypt, Myanmar, China, Taiwan (Chinese), Argentina and the UK lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +585.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for circuit breaker exported from Singapore were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined 37% share of total exports. Indonesia, the Philippines, the UK, the United States, Egypt, Taiwan (Chinese), Argentina, China, the United Arab Emirates and Myanmar lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Argentina, with a CAGR of +377.9%, recorded 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

In 2022, the average circuit breaker export price amounted to $X per unit, dropping by -10.2% against the previous year. Overall, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 21%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Singapore

In 2022, purchases abroad of automatic circuit breakers was finally on the rise to reach X units after three years of decline. Overall, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 72%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, circuit breaker imports dropped to $X in 2022. In general, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 52%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and Italy (X units) were the main suppliers of circuit breaker imports to Singapore, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to Singapore were China ($X), Thailand ($X) and Italy ($X), with a combined 72% share of total imports.

Italy, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, which is down by -22.2% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Japan ($X per unit), while the price for Indonesia ($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 (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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