Singapore: Calendering Machine Market 2024

Calendering Machine Market Size in Singapore

In 2021, the Singaporean calendering machine market decreased by -5.8% to $X, falling for the second year in a row after four years of growth. In general, consumption saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Calendering Machine Production in Singapore

In value terms, calendering machine production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Calendering machine production peaked at $X in 2020, and then fell significantly in the following year.

Calendering Machine Exports

Exports from Singapore

In 2021, overseas shipments of calendering and rolling machines increased by 656% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 2,531% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, calendering machine exports rose significantly to $X in 2021. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 447% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units), Malaysia (X units) and Vietnam (X units) were the main destinations of calendering machine exports from Singapore, together accounting for 86% of total exports. These countries were followed by Indonesia and France, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +1,625.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calendering machine exported from Singapore were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined 89% share of total exports. Indonesia and France lagged somewhat behind, together comprising a further 9.9%.

Among the main countries of destination, France, with a CAGR of +323.0%, 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

The average calendering machine export price stood at $X per unit in 2021, with a decrease of -85.7% against the previous year. Over the period under review, the export price recorded a dramatic downturn. The pace of growth appeared the most rapid in 2015 an increase of 144%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-49.3%), while the prices for the other major destinations experienced a decline.

Calendering Machine Imports

Imports into Singapore

Calendering machine imports into Singapore soared to X units in 2021, surging by 44% on the previous year. Over the period under review, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 542%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, calendering machine imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 229% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calendering machine to Singapore, with a 65% share of total imports. Moreover, calendering machine imports from China exceeded the figures recorded by the second-largest supplier, Malta (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (0.0% per year) and Taiwan (Chinese) (+10.8% per year).

In value terms, the largest calendering machine suppliers to Singapore were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 82% share of total imports. These countries were followed by Malaysia, Spain, Japan and Malta, which together accounted for a further 3.3%.

Spain, with a CAGR of +3,866.4%, saw the highest rates of growth with regard to 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

In 2021, the average calendering machine import price amounted to $X per unit, declining by -8.8% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 504%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Malta ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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