Singapore: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Singapore

In 2022, the Singaporean appliance part brush market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Appliance Part Brush Exports

Exports from Singapore

In 2022, shipments abroad of brushes constituting parts of appliances increased by 63% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 193% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, appliance part brush exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 213%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for appliance part brush exports from Singapore, accounting for a 50% share of total exports. Moreover, appliance part brush exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), fourfold. The third position in this ranking was taken by Thailand (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+2.6% per year) and Thailand (+7.6% per year).

In value terms, Indonesia ($X) remains the key foreign market for brushes constituting parts of appliances exports from Singapore, comprising 53% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by Thailand, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+0.1% per year) and Thailand (+5.0% per year).

Export Prices by Country

In 2022, the average appliance part brush export price amounted to $X per unit, declining by -7.7% against the previous year. Overall, the export price showed a noticeable decline. The growth pace was the most rapid in 2017 when the average export price increased by 6.9%. Over the period under review, the average export prices attained the maximum 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 the Philippines ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Indonesia (-2.4%), while the prices for the other major destinations experienced a decline.

Appliance Part Brush Imports

Imports into Singapore

In 2022, imports of brushes constituting parts of appliances into Singapore soared to X units, jumping by 29% on the year before. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +34.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, appliance part brush imports surged to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of appliance part brush to Singapore, with a 42% share of total imports. Moreover, appliance part brush imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.8% per year) and Taiwan (Chinese) (+4.1% per year).

In value terms, the United States ($X) constituted the largest supplier of brushes constituting parts of appliances to Singapore, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Taiwan (Chinese) (+4.0% per year).

Import Prices by Country

The average appliance part brush import price stood at $X per unit in 2022, with a decrease of -6.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12%. The import price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and China ($X per unit), while the price for Vietnam ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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