Report Update Jan 1, 2025

Singapore - Draw-Benches for Bars, Tubes, Profiles, Wire or the Like - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for draw-benches for bars, tubes, profiles, wire or the like in the world?

The countries with the highest volumes of bar draw-bench consumption in 2020 were Italy, China and Germany, with a combined 60% share of global consumption. These countries were followed by Taiwan Chinese), Thailand, Japan, Indonesia, Vietnam and Austria, which together accounted for a further 18%.

What are the largest producers of draw-benches for bars, tubes, profiles, wire or the like in the world?

The countries with the highest volumes of bar draw-bench production in 2020 were Italy, Germany and China, with a combined 80% share of global production.

What are the leading suppliers of draw-benches for bars, tubes, profiles, wire or the like to Singapore?

In value terms, Malaysia constituted the largest supplier of bar draw-bench to Singapore, comprising 70% of total imports. The second position in the ranking was occupied by China, with a 26% share of total imports.

What are the leading importers of draw-benches for bars, tubes, profiles, wire or the like from Singapore?

In value terms, the largest markets for bar draw-bench exported from Singapore were Greece, Malaysia and India, with a combined 98% share of total exports. These countries were followed by Thailand and Myanmar, which together accounted for a further 1.1%.

What is the average export price for draw-benches for bars, tubes, profiles, wire or the like in Singapore?

The average bar draw-bench export price stood at $2,942 per unit in 2020, waning by -29.1% against the previous year.

What is the average import price for draw-benches for bars, tubes, profiles, wire or the like in Singapore?

The average bar draw-bench import price stood at $4,603 per unit in 2020, jumping by 37% against the previous year.

This report provides an in-depth analysis of the bar draw-bench market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28413410 - Draw-benches for bars, tubes, profiles, wire or the like of metal, sintered metal carbides or cermets

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024