Singapore: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Singapore

The Singaporean centrifugal clothes-dryer market declined significantly to $X in 2021, which is down by -28.5% 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). Over the period under review, consumption showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Singapore

In 2021, the amount of centrifugal clothes-dryers exported from Singapore reduced rapidly to X units, with a decrease of -63% on the year before. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 486% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports declined rapidly to $X in 2021. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 465%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Macao SAR (X units) and the United States (X units) were the main destinations of centrifugal clothes-dryer exports from Singapore, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for centrifugal clothes-dryer exported from Singapore were Indonesia ($X), Macao SAR ($X) and the United States ($X), with a combined 62% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +47.9%, recorded the highest rates of growth with regard to 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 centrifugal clothes-dryer export price stood at $X per unit in 2021, reducing by -6.9% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price decreased by -13.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 36%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per unit) and the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Singapore

In 2021, centrifugal clothes-dryer imports into Singapore fell notably to X units, waning by -37.4% compared with 2020. In general, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 151% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, centrifugal clothes-dryer imports declined significantly to $X in 2021. Over the period under review, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 148%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X units) constituted the largest centrifugal clothes-dryer supplier to Singapore, with a 58% share of total imports. Moreover, centrifugal clothes-dryer imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.5% per year) and Malaysia (+30.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of centrifugal clothes-dryers to Singapore, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Malaysia, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and Malaysia (+31.4% per year).

Import Prices by Country

In 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Italy ($X per unit), while the price for France ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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