Singapore: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Singapore

The Singaporean non-electric chainsaw market soared to $X in 2022, increasing by 119% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Electric Chainsaw Production in Singapore

In value terms, non-electric chainsaw production totaled $X in 2022 estimated in export price. In general, production faced a sharp curtailment. The growth pace was the most rapid in 2015 with an increase of 59%. Non-electric chainsaw production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Chainsaw Exports

Exports from Singapore

In 2022, approx. X units of chainsaws with a self-contained non-electric motor were exported from Singapore; reducing by -30.4% compared with 2021. In general, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 65% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric chainsaw exports fell dramatically to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 31%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for non-electric chainsaw exports from Singapore, accounting for a 51% share of total exports. Moreover, non-electric chainsaw exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The third position in this ranking was held by Thailand (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-26.9% per year) and Thailand (-28.6% per year).

In value terms, Malaysia ($X) remains the key foreign market for chainsaws with a self-contained non-electric motor exports from Singapore, comprising 58% of total exports. The second position in the ranking was held by Thailand ($X), with a 12% share of total exports. It was followed by Indonesia, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-22.4% per year) and Indonesia (-30.7% per year).

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, declining by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Vietnam ($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 Cambodia (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Singapore

Non-electric chainsaw imports into Singapore skyrocketed to X units in 2022, with an increase of 29% compared with 2021 figures. Overall, imports, however, showed a slight setback. The pace of growth appeared the most rapid in 2016 when imports increased by 52%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric chainsaw imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and Germany (X units) were the main suppliers of non-electric chainsaw imports to Singapore, with a combined 95% share of total imports. These countries were followed by Malaysia, which accounted for a further 3.9%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +2.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest non-electric chainsaw suppliers to Singapore were Brazil ($X), China ($X) and Germany ($X), together accounting for 96% of total imports.

Among the main suppliers, China, with a CAGR of +2.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, picking up by 20% against the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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