Singapore: Chromatograph Market 2024

Chromatograph Market Size in Singapore

The Singaporean chromatograph market shrank to $X in 2022, declining by -9.1% against the previous year. Overall, consumption recorded a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chromatograph Production in Singapore

In value terms, chromatograph production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 7.7% against the previous year. Chromatograph production peaked at $X in 2018; afterwards, it flattened through to 2022.

Chromatograph Exports

Exports from Singapore

In 2022, approx. X units of chromatographs and electrophoresis instruments were exported from Singapore; surging by 7% against 2021. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, chromatograph exports shrank to $X in 2022. Overall, exports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for chromatograph exports from Singapore, with a 64% share of total exports. Moreover, chromatograph exports to the United States exceeded the volume sent to the second major destination, India (X units), fourfold. Indonesia (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+6.1% per year) and Indonesia (+37.1% per year).

In value terms, China ($X) remains the key foreign market for chromatographs and electrophoresis instruments exports from Singapore, comprising 41% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.4% per year) and the United States (+7.6% per year).

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, shrinking by -12.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 23%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 the Netherlands (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Chromatograph Imports

Imports into Singapore

In 2022, approx. X units of chromatographs and electrophoresis instruments were imported into Singapore; waning by -23.2% compared with the year before. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chromatograph imports rose notably to $X in 2022. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2019 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest chromatograph supplier to Singapore, accounting for a 53% share of total imports. Moreover, chromatograph imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Japan (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and Japan (+7.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of chromatographs and electrophoresis instruments to Singapore, comprising 51% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden amounted to +147.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.9% per year) and Japan (+3.3% per year).

Import Prices by Country

The average chromatograph import price stood at $X per unit in 2022, growing by 48% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for India ($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 (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :