Singapore: Breathing Appliances Market 2024

Breathing Appliances Market Size in Singapore

For the fifth year in a row, the Singaporean breathing appliances market recorded growth in sales value, which increased by 17% to $X in 2022. Overall, consumption, however, enjoyed a prominent increase. Breathing appliances consumption peaked in 2022 and is expected to retain growth in years to come.

Breathing Appliances Production in Singapore

In value terms, breathing appliances production fell to $X in 2022 estimated in export price. In general, production, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 2.2% against the previous year. Breathing appliances production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Breathing Appliances Exports

Exports from Singapore

In 2022, approx. X units of breathing appliances and gas masks were exported from Singapore; jumping by 36% against 2021. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,033% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, breathing appliances exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,151%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for breathing appliances exports from Singapore, accounting for a 35% share of total exports. Moreover, breathing appliances exports to China exceeded the volume sent to the second major destination, Indonesia (X units), threefold. Panama (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+6.4% per year) and Panama (+78.8% per year).

In value terms, China ($X) remains the key foreign market for breathing appliances and gas masks exports from Singapore, comprising 27% of total exports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+11.7% per year) and Panama (+111.8% per year).

Export Prices by Country

In 2022, the average breathing appliances export price amounted to $X per unit, growing by 6% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breathing appliances export price increased by +22.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Australia ($X per unit), while the average price for exports to Hong Kong SAR ($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 Panama (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Singapore

In 2022, breathing appliances imports into Singapore soared to X units, surging by 23% compared with 2021. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +137.1% against 2017 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, breathing appliances imports surged to $X in 2022. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), the United States (X units) and Poland (X units) were the main suppliers of breathing appliances imports to Singapore, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +97.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breathing appliances suppliers to Singapore were Taiwan (Chinese) ($X), the United States ($X) and Poland ($X), together accounting for 73% of total imports.

Among the main suppliers, Poland, with a CAGR of +122.9%, 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

The average breathing appliances import price stood at $X per unit in 2022, growing by 33% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breathing appliances import price increased by +56.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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