Singapore: Electronic Metal Tester Market 2025

Electronic Metal Tester Market Size in Singapore

In 2021, the Singaporean electronic metal tester market decreased by -83.4% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption faced a abrupt decline. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Production in Singapore

In value terms, electronic metal tester production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, production attained the peak level at $X in 2020, and then reduced slightly in the following year.

Electronic Metal Tester Exports

Exports from Singapore

In 2021, shipments abroad of electronic machines and appliances for testing metals was finally on the rise to reach X units after three years of decline. Overall, exports, however, saw a perceptible reduction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic metal tester exports skyrocketed to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X units) was the main destination for electronic metal tester exports from Singapore, with a 80% share of total exports. Moreover, electronic metal tester exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), more than tenfold. Vietnam (X units) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-9.0% per year) and Vietnam (-6.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Singapore, comprising 80% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.7% share of total exports. It was followed by Vietnam, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+2.2% per year) and Vietnam (+4.9% per year).

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2021, jumping by 21% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +12.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic metal tester export price increased by +70.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 82%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and China ($X per unit), while the average price for exports to Indonesia ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Singapore

In 2021, purchases abroad of electronic machines and appliances for testing metals decreased by -33.3% to X units, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 215%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electronic metal tester imports shrank markedly to $X in 2021. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 when imports increased by 151%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X units) constituted the largest supplier of electronic metal tester to Singapore, with a 50% share of total imports. Moreover, electronic metal tester imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.0% per year) and the United States (-23.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Singapore, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the United States, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and the United States (-17.3% per year).

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, picking up by 26% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic metal tester import price increased by +25.9% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 53%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per unit) and Switzerland ($X per unit), while the price for Malaysia ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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