Report Update Nov 1, 2024

Singapore - Heat Exchange Units - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Heat Exchange Unit Market 2024

Heat Exchange Unit Exports

Exports from Singapore

In 2022, the amount of heat exchange units exported from Singapore reduced to X units, waning by -8.1% on 2021. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 30% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, heat exchange unit exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units) was the main destination for heat exchange unit exports from Singapore, accounting for a 27% share of total exports. Moreover, heat exchange unit exports to Japan exceeded the volume sent to the second major destination, China (X units), twofold. Malaysia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +65.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.1% per year) and Malaysia (+12.7% per year).

In value terms, Japan ($X) remains the key foreign market for heat exchange units exports from Singapore, comprising 27% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +78.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.3% per year) and Malaysia (+21.7% per year).

Export Prices by Country

In 2022, the average heat exchange unit export price amounted to $X per unit, jumping by 101% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and Japan ($X per unit), while the average price for exports to Malaysia ($X per unit) and Australia ($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 the Netherlands (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Singapore

In 2022, approx. X units of heat exchange units were imported into Singapore; approximately mirroring 2021 figures. In general, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 44% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, heat exchange unit imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of heat exchange unit to Singapore, with a 35% share of total imports. Moreover, heat exchange unit imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.4% per year) and South Korea (-5.6% per year).

In value terms, the United States ($X) constituted the largest supplier of heat exchange units to Singapore, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by South Korea, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.8% per year) and South Korea (-6.5% per year).

Import Prices by Country

The average heat exchange unit import price stood at $X per unit in 2022, dropping by -11.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for heat exchange units in the world?

The countries with the highest volumes of in 2021 were China, the United States and Turkey, with a combined 45% share of global consumption.

What are the largest producers of heat exchange units in the world?

The country with the largest volume of heat exchange unit production was China, comprising approx. 25% of total volume. Moreover, heat exchange unit production in China exceeded the figures recorded by the second-largest producer, India, threefold. Italy ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of heat exchange units to Singapore?

In value terms, the United States, South Korea and China appeared to be the largest heat exchange unit suppliers to Singapore, with a combined 58% share of total imports. These countries were followed by Italy, Japan, Malaysia, the UK, Germany, France and Sweden, which together accounted for a further 32%.

What are the leading importers of heat exchange units from Singapore?

In value terms, Japan remains the key foreign market for heat exchange unit exports from Singapore, comprising 25% of total exports. The second position in the ranking was occupied by Malaysia, with a 12% share of total exports. It was followed by Indonesia, with an 11% share.

What is the average export price for heat exchange units in Singapore?

In 2021, the average heat exchange unit export price amounted to $281 per unit, declining by -3.4% against the previous year.

What is the average import price for heat exchange units in Singapore?

The average heat exchange unit import price stood at $269 per unit in 2021, dropping by -5.3% against the previous year.

This report provides an in-depth analysis of the heat exchange unit 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 28251130 - Heat exchange units

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