Singapore: Concrete-Mixer Lorry Market 2025

Concrete-Mixer Lorry Market Size in Singapore

The Singaporean concrete-mixer lorry market skyrocketed to $X in 2022, rising by 182% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Concrete-Mixer Lorry Production in Singapore

In value terms, concrete-mixer lorry production surged to $X in 2022 estimated in export price. Overall, production, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 349,249,500%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports from Singapore

Concrete-mixer lorry exports from Singapore reduced rapidly to X units in 2022, which is down by -15.4% on the year before. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 309%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete-mixer lorry exports totaled $X in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 386%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for concrete-mixer lorry exports from Singapore, with a 55% share of total exports. Moreover, concrete-mixer lorry exports to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X units), threefold. South Africa (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-39.5% per year) and South Africa (0.0% per year).

In value terms, the largest markets for concrete-mixer lorry exported from Singapore were South Africa ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X), together accounting for 92% of total exports.

Among the main countries of destination, South Africa, with a CAGR of +8.2%, saw 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

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, rising by 19% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 222%. The export price peaked in 2022 and is likely to continue growth in the near future.

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 South Africa ($X per unit), while the average price for exports to Maldives ($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 (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Singapore

In 2022, supplies from abroad of concrete-mixer lorries increased by 135% to X units, rising for the second consecutive year after seven years of decline. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete-mixer lorry imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), Malaysia (X units) and Australia (X units) were the main suppliers of concrete-mixer lorry imports to Singapore, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +47.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest concrete-mixer lorry suppliers to Singapore were Thailand ($X), Australia ($X) and Malaysia ($X), together accounting for 96% of total imports.

Malaysia, with a CAGR of +61.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average concrete-mixer lorry import price amounted to $X per unit, reducing by -20.7% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 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 Australia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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