Singapore: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Singapore

The Singaporean balloon and dirigible market soared to $X in 2022, picking up by X% 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 recorded a modest expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Balloon And Dirigible Exports

Exports from Singapore

Balloon and dirigible exports from Singapore dropped to X units in 2022, reducing by X% against the previous year's figure. Overall, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, balloon and dirigible exports contracted remarkably to $X in 2022. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for balloon and dirigible exports from Singapore, with a X% share of total exports. Moreover, balloon and dirigible exports to Japan exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Japan ($X) emerged as the key foreign market for balloons, dirigibles and other non-powered aircraft exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average balloon and dirigible export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, recorded noticeable growth. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Maldives ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Balloon And Dirigible Imports

Imports into Singapore

Balloon and dirigible imports into Singapore soared to X units in 2022, picking up by X% against the year before. In general, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, balloon and dirigible imports surged to $X in 2022. Overall, imports showed a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of balloon and dirigible to Singapore, with a X% share of total imports. Moreover, balloon and dirigible imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. New Zealand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and New Zealand (X% per year).

In value terms, France ($X) constituted the largest supplier of balloons, dirigibles and other non-powered aircraft to Singapore, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average balloon and dirigible import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price saw significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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