Singapore: Domestic Appliances Market 2025

Domestic Appliances Market Size in Singapore

For the third consecutive year, the Singaporean domestic appliances market recorded growth in sales value, which increased by 15% to $X in 2021. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Domestic Appliances Production in Singapore

In value terms, domestic appliances production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 297%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Domestic Appliances Exports

Exports from Singapore

In 2021, overseas shipments of domestic appliances were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a mild contraction. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, domestic appliances exports surged to $X in 2021. In general, exports, however, showed a perceptible slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Malaysia (X units) and Hong Kong SAR (X units) were the main destinations of domestic appliances exports from Singapore, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Vietnam ($X) were the largest markets for domestic appliances exported from Singapore worldwide, together accounting for 29% of total exports.

Among the main countries of destination, the United States, with a CAGR of +21.7%, recorded 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

The average domestic appliances export price stood at $X per unit in 2021, waning by -2.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 121% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 the United States (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Appliances Imports

Imports into Singapore

In 2021, imports of domestic appliances into Singapore soared to X units, jumping by 31% compared with 2020 figures. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, domestic appliances imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of domestic appliances to Singapore, accounting for a 38% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Malaysia (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.0% per year) and Malaysia (+16.8% per year).

In value terms, China ($X), Malaysia ($X) and the United States ($X) appeared to be the largest domestic appliances suppliers to Singapore, with a combined 48% share of total imports. These countries were followed by Indonesia, Thailand, Japan, Germany, Vietnam, Italy, South Korea, Taiwan (Chinese), Mexico and the Czech Republic, which together accounted for a further 20%.

In terms of the main suppliers, Mexico, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, 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 domestic appliances import price amounted to $X per unit, picking up by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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