Singapore: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2025

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Singapore

The Singaporean market for electric burglar or fire alarms and similar apparatus totaled $X in 2021, with an increase of 6.2% against the previous year. Overall, consumption showed a perceptible increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Singapore

In value terms, electric burglar or fire alarm production stood at $X in 2021 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,609% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Singapore

After two years of decline, overseas shipments of electric burglar or fire alarms and similar apparatus increased by 27% to X units in 2021. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 44%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.9% against 2018 indices. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), Japan (X units) and India (X units) were the main destinations of electric burglar or fire alarm exports from Singapore, with a combined 51% share of total exports. These countries were followed by Indonesia, Bangladesh, the United States, the Philippines, Thailand and Germany, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +44.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric burglar or fire alarm exported from Singapore were the United States ($X), Vietnam ($X) and India ($X), with a combined 46% share of total exports.

The United States, with a CAGR of +51.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, approximately equating the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan ($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 (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Singapore

Electric burglar or fire alarm imports into Singapore soared to X units in 2021, jumping by 57% compared with 2020 figures. Overall, imports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2013 when imports increased by 144%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, 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

China (X units), Indonesia (X units) and the United States (X units) were the main suppliers of electric burglar or fire alarm imports to Singapore, with a combined 67% share of total imports. Japan, Portugal, Mexico, the UK, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +122.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm suppliers to Singapore were Indonesia ($X), the United States ($X) and Mexico ($X), with a combined 52% share of total imports.

Indonesia, with a CAGR of +113.1%, 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 electric burglar or fire alarms and similar apparatus amounted to $X per unit, which is down by -5.6% against the previous year. In general, the import price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :