Singapore: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Singapore

The Singaporean hand-operated air pump market dropped to $X in 2022, remaining constant against the previous year. Overall, consumption, however, continues to indicate a modest increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hand-Operated Air Pump Production in Singapore

In value terms, hand-operated air pump production shrank to $X in 2022 estimated in export price. In general, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 412%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Singapore

In 2022, approx. X units of hand or foot-operated air pumps were exported from Singapore; falling by -15.8% compared with the previous year. Over the period under review, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted notably in the following year.

In value terms, hand-operated air pump exports contracted to $X in 2022. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Vietnam (X units) and China (X units) were the main destinations of hand-operated air pump exports from Singapore, together accounting for 56% of total exports. Australia, Saudi Arabia, the Philippines, India, Indonesia and Thailand lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +472.8%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for hand or foot-operated air pumps exports from Singapore, comprising 51% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.4% share of total exports. It was followed by Malaysia, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+318.4% per year) and Malaysia (-9.9% per year).

Export Prices by Country

In 2022, the average hand-operated air pump export price amounted to $X per unit, surging by 6.2% against the previous year. In general, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Australia ($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 Turkey (+36.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Operated Air Pump Imports

Imports into Singapore

In 2022, approx. X units of hand or foot-operated air pumps were imported into Singapore; falling by -13.3% against the year before. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-operated air pump imports fell dramatically to $X in 2022. In general, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Germany (X units) were the main suppliers of hand-operated air pump imports to Singapore, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest hand-operated air pump suppliers to Singapore, with a combined 73% share of total imports.

In terms of the main suppliers, China, with a CAGR of +6.7%, recorded 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

The average hand-operated air pump import price stood at $X per unit in 2022, shrinking by -29.6% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. The import price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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