Singapore: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Singapore

The Singaporean broom, brush, and mop market declined slightly to $X in 2022, which is down by -2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw resilient growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Singapore

In 2022, the amount of brooms, brushes, and mops exported from Singapore fell rapidly to X units, waning by -17.1% compared with the previous year's figure. Overall, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 46%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, broom, brush, and mop exports reduced to $X in 2022. In general, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for broom, brush, and mop exports from Singapore, with a 32% share of total exports. Moreover, broom, brush, and mop exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The third position in this ranking was taken by the Philippines (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-7.6% per year) and the Philippines (+3.8% per year).

In value terms, China ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for broom, brush, and mop exported from Singapore worldwide, with a combined 41% share of total exports.

China, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average broom, brush, and mop export price stood at $X per unit in 2022, increasing by 5.1% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Singapore

Broom, brush, and mop imports into Singapore shrank to X units in 2022, waning by -6.6% compared with the previous year's figure. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +53.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, broom, brush, and mop imports shrank to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of broom, brush, and mop to Singapore, with a 59% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+8.6% per year) and Malaysia (-1.8% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Singapore, comprising 49% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.5% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.7% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 an increase of 32%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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