Singapore: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in Singapore

The Singaporean bar draw-bench market reduced remarkably to $X in 2021, waning by -87.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a notable expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Bar Draw-Bench Exports

Exports from Singapore

In 2021, overseas shipments of draw-benches for bars, tubes, profiles, wire or the like decreased by -45.8% to X units, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 493%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bar draw-bench exports reduced rapidly to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 914%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X units), Malaysia (X units) and France (X units) were the main destinations of bar draw-bench exports from Singapore, together comprising 92% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, India ($X) emerged as the key foreign market for draw-benches for bars, tubes, profiles, wire or the like exports from Singapore, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-28.0% per year) and France (0.0% per year).

Export Prices by Country

The average bar draw-bench export price stood at $X per unit in 2021, jumping by 19% against the previous year. Overall, the export price showed resilient growth. The growth pace was the most rapid in 2015 an increase of 182% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to France ($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 Cambodia (+387.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bar Draw-Bench Imports

Imports into Singapore

In 2021, the amount of draw-benches for bars, tubes, profiles, wire or the like imported into Singapore reduced rapidly to X units, waning by -86.2% compared with 2020 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 505%. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped dramatically in the following year.

In value terms, bar draw-bench imports shrank significantly to $X in 2021. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 163% against the previous year. Imports peaked at $X in 2020, and then shrank significantly in the following year.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of bar draw-bench imports to Singapore, with a combined 55% share 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 +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest bar draw-bench suppliers to Singapore, with a combined 84% share of total imports.

The United States, with a CAGR of -0.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average bar draw-bench import price amounted to $X per unit, falling by -27.3% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 129%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+96.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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