Singapore: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Singapore

The Singaporean endless machinery band market reduced dramatically to $X in 2021, waning by -96.2% against the previous year. Over the period under review, consumption saw a precipitous slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Endless Machinery Band Production in Singapore

In value terms, endless machinery band production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.7% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted modestly in the following year.

Endless Machinery Band Exports

Exports from Singapore

In 2021, shipments abroad of endless bands for machinery, of stainless steel was finally on the rise to reach X square meters after two years of decline. Overall, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, endless machinery band exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X square meters) was the main destination for endless machinery band exports from Singapore, accounting for a 51% share of total exports. Moreover, endless machinery band exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X square meters), twofold. The third position in this ranking was held by South Korea (X square meters), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to -16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.5% per year) and South Korea (+103.9% per year).

In value terms, Indonesia ($X) remains the key foreign market for endless machinery band exports from Singapore, comprising 58% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.3% per year) and Malaysia (-5.9% per year).

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, declining by -40.6% against the previous year. Over the period under review, the export price showed a slight decline. The growth pace was the most rapid in 2017 an increase of 61%. The export price peaked at $X per square meter in 2020, and then shrank significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Singapore

After three years of decline, supplies from abroad of endless bands for machinery, of stainless steel increased by 56% to X square meters in 2021. In general, imports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, endless machinery band imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 93% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X square meters) constituted the largest supplier of endless machinery band to Singapore, with a 61% share of total imports. Moreover, endless machinery band imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X square meters), threefold. Slovakia (X square meters) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.5% per year) and Slovakia (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of endless machinery band to Singapore, comprising 59% of total imports. The second position in the ranking was held by Slovakia ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+7.3% per year) and Taiwan (Chinese) (+8.7% per year).

Import Prices by Country

In 2021, the average endless machinery band import price amounted to $X per square meter, declining by -24.6% against the previous year. Overall, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 134%. The import price peaked at $X per square meter in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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