Singapore: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Singapore

In 2021, the Singaporean vapour power unit market increased by 10% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. Vapour power unit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vapour Power Unit Production in Singapore

In value terms, vapour power unit production totaled $X in 2021 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Vapour power unit production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vapour Power Unit Exports

Exports from Singapore

In 2021, vapour power unit exports from Singapore skyrocketed to X tons, increasing by 30% compared with 2020. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,245% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vapour power unit exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 804%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for vapour power unit exports from Singapore, with a 45% share of total exports. Moreover, vapour power unit exports to Malaysia exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by India (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +104.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+168.0% per year) and India (+112.6% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for vapour power unit exports from Singapore, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+158.7% per year) and India (+111.2% per year).

Export Prices by Country

In 2021, the average vapour power unit export price amounted to $X per ton, dropping by -42.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Hong Kong SAR ($X per ton) and Indonesia ($X per ton), while the average price for exports to Germany ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.8%), while the prices for the other major destinations experienced a decline.

Vapour Power Unit Imports

Imports into Singapore

In 2021, purchases abroad of condensers for steam or other vapour power units decreased by -22.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 372%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, vapour power unit imports fell dramatically to $X in 2021. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 213% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest vapour power unit supplier to Singapore, with a 48% share of total imports. Moreover, vapour power unit imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and the United States (+31.7% per year).

In value terms, Japan ($X) constituted the largest supplier of vapour power unit to Singapore, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.3% per year) and the United States (+21.8% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, shrinking by -11.9% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 75% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from India ($X per ton) and Indonesia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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