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

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

The Singaporean market for diesel or semi-diesel electric generating sets of output under X kVA declined markedly to $X in 2021, dropping by -49.2% against the previous year. In general, consumption continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

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

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA reduced notably to $X in 2021 estimated in export price. In general, production faced a abrupt decline. The pace of growth was the most pronounced in 2013 when the production volume increased by 947% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

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

Exports from Singapore

In 2021, shipments abroad of diesel or semi-diesel electric generating sets of output under X kVA was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a deep slump. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced slump. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Singapore, accounting for a 34% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Bangladesh exceeded the volume sent to the second major destination, Indonesia (X units), twofold. Australia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-6.4% per year) and Australia (+4.1% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Singapore, comprising 56% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.1% share of total exports. It was followed by Indonesia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+3.7% per year) and Indonesia (-13.2% per year).

Export Prices by Country

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, increasing by 42% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for diesel or semi-diesel electric generating sets of output under X kVA increased by +115.7% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+19.6%), 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 Under 75 kVA

Imports into Singapore

In 2021, overseas purchases of diesel or semi-diesel electric generating sets of output under X kVA were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. Overall, imports, however, continue to indicate a mild decline. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

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 under X kVA to Singapore, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Singapore were the United States ($X), Indonesia ($X) and China ($X), together comprising 61% of total imports. These countries were followed by Japan, Vietnam, Germany and Italy, which together accounted for a further 33%.

Italy, with a CAGR of +26.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, picking up by 39% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for diesel or semi-diesel electric generating sets of output under X kVA increased by +77.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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