Singapore: Smoothing Iron Market 2025

Smoothing Iron Market Size in Singapore

In 2021, the Singaporean smoothing iron market increased by 120% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a precipitous descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Smoothing Iron Production in Singapore

In value terms, smoothing iron production declined markedly to $X in 2021 estimated in export price. Overall, production recorded a dramatic setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Smoothing Iron Exports

Exports from Singapore

In 2021, approx. X units of electric smoothing irons were exported from Singapore; waning by -31.8% on 2020. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2019 when exports increased by 2.7%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, smoothing iron exports contracted markedly to $X in 2021. Over the period under review, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Vietnam (X units) and Sweden (X units) were the main destinations of smoothing iron exports from Singapore, with a combined 43% share of total exports. The United Arab Emirates, Indonesia, Myanmar, Greece, Saudi Arabia, Russia, South Korea, Lao People's Democratic Republic, Maldives and Ethiopia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +48.5%), while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for electric smoothing irons exports from Singapore, comprising 30% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Sweden, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-16.6% per year) and Sweden (-18.8% per year).

Export Prices by Country

The average smoothing iron export price stood at $X per unit in 2021, rising by 13% against the previous year. Overall, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Indonesia ($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 Arab Emirates (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Smoothing Iron Imports

Imports into Singapore

In 2021, supplies from abroad of electric smoothing irons increased by 39% to X units for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, saw a dramatic downturn. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, smoothing iron imports expanded notably to $X in 2021. Over the period under review, imports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X units), China (X units) and Malaysia (X units) were the main suppliers of smoothing iron imports to Singapore, together accounting for 96% of total imports. These countries were followed by France, which accounted for a further 2.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +1.1%), while imports for the other leaders experienced a decline.

In value terms, the largest smoothing iron suppliers to Singapore were Indonesia ($X), China ($X) and France ($X), with a combined 90% share of total imports.

France, with a CAGR of +1.6%, saw 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

The average smoothing iron import price stood at $X per unit in 2021, which is down by -24.1% against the previous year. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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