Singapore: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Singapore

The Singaporean market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022, picking up by 183% against the previous year. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Singapore

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA reduced to $X in 2022 estimated in export price. In general, production showed a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 629% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Singapore

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 83% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt decrease. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Singapore, accounting for a 38% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-13.3% per year) and Vietnam (+10.2% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Vietnam ($X) were the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Singapore worldwide, with a combined 56% share of total exports. The Philippines, Myanmar, Thailand, Bangladesh, Australia, Taiwan (Chinese), Sri Lanka, Egypt and China lagged somewhat behind, together accounting for a further 39%.

Taiwan (Chinese), with a CAGR of +40.1%, saw the highest growth rate of the value of exports, among the main countries of destination 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 export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, falling by -23% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while the average price for exports to Malaysia ($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 Australia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Singapore

In 2022, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. In general, imports, however, showed a abrupt descent. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Singapore, together comprising 74% of total imports. Vietnam, the UK, Germany, France and Spain lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Singapore were China ($X), Japan ($X) and the United States ($X), together comprising 68% of total imports. The UK, Vietnam, Germany, France and Spain lagged somewhat behind, together comprising a further 28%.

Vietnam, with a CAGR of +107.5%, 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 more modest paces of growth.

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, rising by 5.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 52%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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