Singapore: Hand Sieve Market 2024

Hand Sieve Market Size in Singapore

The Singaporean hand sieve market stood at $X in 2022, growing by 15% 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). In general, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Hand Sieve Exports

Exports from Singapore

Hand sieve exports from Singapore dropped markedly to X units in 2022, waning by -40.5% on 2021 figures. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 435%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hand sieve exports fell dramatically to $X in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 495% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for hand sieve exports from Singapore, with a 76% share of total exports. Moreover, hand sieve exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. India (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-28.7% per year) and India (+13.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for hand sieves and hand riddles exports from Singapore, comprising 74% of total exports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total exports. It was followed by India, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-29.1% per year) and India (+12.9% per year).

Export Prices by Country

In 2022, the average hand sieve export price amounted to $X per unit, jumping by 30% against the previous year. In general, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and India ($X per unit), while the average price for exports to Thailand ($X per unit) and Malaysia ($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 India (-0.4%), while the prices for the other major destinations experienced a decline.

Hand Sieve Imports

Imports into Singapore

In 2022, approx. X units of hand sieves and hand riddles were imported into Singapore; which is down by -25.1% on the previous year's figure. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand sieve imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and the United States (X units) were the main suppliers of hand sieve imports to Singapore, with a combined 90% share of total imports. Germany, India, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +92.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and the United States ($X) appeared to be the largest hand sieve suppliers to Singapore, with a combined 90% share of total imports. Germany, India, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 8.9%.

Taiwan (Chinese), with a CAGR of +100.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, surging by 81% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and Japan ($X per unit), while the price for the UK ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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