Report Update Nov 1, 2024

Singapore - Hay-Making Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Singapore

The Singaporean hay-making machinery market expanded notably to $X in 2021, picking up by 7.7% against the previous year. In general, consumption, however, continues to indicate a slight downturn. Hay-making machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hay-Making Machinery Production in Singapore

In value terms, hay-making machinery production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable curtailment. Hay-making machinery production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Hay-Making Machinery Exports

Exports from Singapore

In 2021, exports of hay-making machinery from Singapore reduced dramatically to X units, declining by -80% compared with 2020. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 970%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, hay-making machinery exports shrank dramatically to $X in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 704%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Australia (X units) and Malaysia (X units) were the main destinations of hay-making machinery exports from Singapore.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for hay-making machinery exports from Singapore, comprising 66% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5% share of total exports. It was followed by the Philippines, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-2.0% per year) and the Philippines (+574.5% per year).

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, surging by 21% against the previous year. Over the period under review, the export price recorded a mild increase. The growth pace was the most rapid in 2019 when the average export price increased by 174% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+592.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Singapore

In 2021, after two years of decline, there was decline in overseas purchases of hay-making machinery, when their volume decreased by 0% to X units. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 300%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, hay-making machinery imports fell modestly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 291%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X units) and Slovakia (X units) were the main suppliers of hay-making machinery imports to Singapore.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of 0.0%).

In value terms, Malaysia ($X) constituted the largest supplier of hay-making machinery to Singapore, comprising 65% of total imports. The second position in the ranking was taken by the UK ($X), with a 17% share of total imports. It was followed by the United States, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.9% per year) and the United States (-7.7% per year).

Import Prices by Country

In 2021, the average hay-making machinery import price amounted to $X per unit, which is down by -14.8% against the previous year. Over the period under review, the import price, however, recorded a notable increase. The pace of growth was the most pronounced in 2014 an increase of 77%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hay-making machinery in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 43% of global consumption. Pakistan, Russia, Nigeria, Brazil, Indonesia, France, Ethiopia, Canada, Germany and Spain lagged somewhat behind, together comprising a further 26%.

What are the largest producers of hay-making machinery in the world?

China constituted the country with the largest volume of hay-making machinery production, comprising approx. 22% of total volume. Moreover, hay-making machinery production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.7% share.

What are the leading suppliers of hay-making machinery to Singapore?

In value terms, the United States constituted the largest supplier of hay-making machinery to Singapore, comprising 44% of total imports. The second position in the ranking was occupied by the UK, with a 12% share of total imports.

What are the leading importers of hay-making machinery from Singapore?

In value terms, Thailand remains the key foreign market for hay-making machinery exports from Singapore, comprising 62% of total exports. The second position in the ranking was occupied by Bangladesh, with a 15% share of total exports. It was followed by South Korea, with a 7.8% share.

What is the average export price for hay-making machinery in Singapore?

The average hay-making machinery export price stood at $6,272 per unit in 2021, surging by 52% against the previous year.

What is the average import price for hay-making machinery in Singapore?

In 2021, the average hay-making machinery import price amounted to $4,349 per unit, rising by 42% against the previous year.

This report provides an in-depth analysis of the hay-making machinery market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28305200 - Hay-making machinery

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023