Singapore: Food Mixer Market 2024

Food Mixer Market Size in Singapore

The Singaporean food mixer market plummeted to $X in 2022, with a decrease of -25.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Food mixer consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Food Mixer Production in Singapore

In value terms, food mixer production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic contraction. Food mixer production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Food Mixer Exports

Exports from Singapore

In 2022, the amount of domestic food grinders and mixers and fruit or vegetable juice extractors exported from Singapore shrank dramatically to X units, waning by -56.3% against 2021. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, food mixer exports dropped significantly to $X in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for food mixer exports from Singapore, with a 41% share of total exports. Moreover, food mixer exports to Vietnam exceeded the volume sent to the second major destination, Cambodia (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-2.9% per year) and the United Arab Emirates (+39.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from Singapore, comprising 39% of total exports. The second position in the ranking was held by Cambodia ($X), with a 9.3% share of total exports. It was followed by Indonesia, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-0.6% per year) and Indonesia (-17.2% per year).

Export Prices by Country

The average food mixer export price stood at $X per unit in 2022, rising by 6.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United States ($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 Indonesia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Food Mixer Imports

Imports into Singapore

In 2022, imports of domestic food grinders and mixers and fruit or vegetable juice extractors into Singapore dropped dramatically to X units, reducing by -34.1% on the previous year's figure. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, food mixer imports contracted markedly to $X in 2022. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 19%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of food mixer to Singapore, with a 84% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-6.4% per year) and India (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Singapore, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with a 9.5% share of total imports. It was followed by India, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.0% per year) and India (+5.8% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, declining by -11.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 21% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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 the United States ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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