Singapore: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Singapore

In 2022, the Singaporean geometrical quantities electronic measurer market increased by 128% to $X, rising for the eighth consecutive year after two years of decline. Over the period under review, consumption saw significant growth. Geometrical quantities electronic measurer consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Singapore

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities increased by 6.2% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 34%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, geometrical quantities electronic measurer exports skyrocketed to $X in 2022. In general, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of geometrical quantities electronic measurer exports from Singapore, with a combined 37% share of total exports. India, the United States, Indonesia, South Korea, Thailand, France, the Philippines, Japan, Hong Kong SAR and Vietnam lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +65.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for geometrical quantities electronic measurer exported from Singapore worldwide, together comprising 44% of total exports. Indonesia, South Korea, India, Thailand, the United States, the Philippines, Vietnam, France, Japan and Hong Kong SAR lagged somewhat behind, together comprising a further 40%.

Among the main countries of destination, France, with a CAGR of +69.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, jumping by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Singapore

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities imported into Singapore surged to X units, picking up by 97% against the year before. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 146% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, geometrical quantities electronic measurer imports soared to $X in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X units) constituted the largest supplier of geometrical quantities electronic measurer to Singapore, accounting for a 46% share of total imports. Moreover, geometrical quantities electronic measurer imports from the Philippines exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled +122.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.6% per year) and Japan (+20.6% per year).

In value terms, the largest geometrical quantities electronic measurer suppliers to Singapore were the Philippines ($X), South Korea ($X) and Germany ($X), with a combined 80% share of total imports.

In terms of the main suppliers, the Philippines, with a CAGR of +125.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, rising by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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