Singapore: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Singapore

The Singaporean market for fully or partly automatic electric machines for arc welding of metals shrank markedly to $X in 2022, which is down by -40.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Singapore

In 2022, after two years of growth, there was decline in shipments abroad of fully or partly automatic electric machines for arc welding of metals, when their volume decreased by -1.3% to X units. Overall, exports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2020 with an increase of 80%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals amounted to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 139% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units), Malaysia (X units) and Indonesia (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from Singapore, together accounting for 85% of total exports. China lagged somewhat behind, comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fully or partly automatic arc welding machine exported from Singapore were Australia ($X), Malaysia ($X) and Indonesia ($X), with a combined 85% share of total exports. These countries were followed by China, which accounted for a further 13%.

China, with a CAGR of +33.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Indonesia ($X per unit), while the average price for exports to Australia ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Singapore

In 2022, after three years of growth, there was significant decline in overseas purchases of fully or partly automatic electric machines for arc welding of metals, when their volume decreased by -9.7% to X units. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 46%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals fell markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X units), Germany (X units) and France (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Singapore, together accounting for 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and France ($X) appeared to be the largest fully or partly automatic arc welding machine suppliers to Singapore, together comprising 64% of total imports.

France, with a CAGR of +55.0%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, reducing by -37% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and Austria ($X per unit), while the price for France ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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