Singapore: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Singapore

The Singaporean market for electric generating sets and rotary converters stood at $X in 2020, rising by X% against the previous year. Over the period under review, consumption, however, saw a mild decline. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Singapore

In value terms, production of electric generating sets and rotary converters soared to $X in 2020 estimated in export prices. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from Singapore

In 2020, overseas shipments of electric generating sets and rotary converters increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports showed a perceptible increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at X units in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters dropped remarkably to $X in 2020. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for exports of electric generating sets and rotary converters from Singapore, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to India exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for electric generating set and rotary converter exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Myanmar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, reducing by -X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per unit in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Myanmar ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar, while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Singapore

In 2020, imports of electric generating sets and rotary converters into Singapore declined rapidly to X units, falling by -X% against 2019 figures. Overall, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters contracted to $X in 2020. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2009 to 2020, the growth of imports failed to regain the momentum.

Imports by Country

China (X units), Italy (X units) and Indonesia (X units) were the main suppliers of imports of electric generating sets and rotary converters to Singapore, together comprising X% of total imports. These countries were followed by Sweden, Japan, Vietnam and the U.S., which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Japan ($X) were the largest electric generating set and rotary converter suppliers to Singapore.

Vietnam (+X% per year) 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 more modest paces of growth.

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per unit in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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