Singapore: Horizontal Machining Centre Market 2025

Horizontal Machining Centre Market Size in Singapore

The Singaporean horizontal machining centre market soared to $X in 2021, with an increase of 47% against the previous year. Over the period under review, consumption enjoyed a noticeable increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Horizontal Machining Centre Production in Singapore

In value terms, horizontal machining centre production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.6% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 74% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Horizontal Machining Centre Exports

Exports from Singapore

In 2021, approx. X units of horizontal machining centres for working metal were exported from Singapore; picking up by 109% compared with 2020 figures. Overall, exports showed a strong increase. The exports peaked at X units in 2013; afterwards, it flattened through to 2021.

In value terms, horizontal machining centre exports surged to $X in 2021. In general, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of horizontal machining centre exports from Singapore, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for horizontal machining centres for working metal exports from Singapore, comprising 60% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.5% share of total exports. It was followed by India, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.0% per year) and India (-12.5% per year).

Export Prices by Country

In 2021, the average horizontal machining centre export price amounted to $X per unit, declining by -42.3% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32% 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 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($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 Thailand (-4.3%), while the prices for the other major destinations experienced a decline.

Horizontal Machining Centre Imports

Imports into Singapore

Horizontal machining centre imports into Singapore soared to X units in 2021, jumping by 118% compared with 2020. Overall, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, horizontal machining centre imports soared to $X in 2021. In general, imports, however, showed a pronounced shrinkage. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest horizontal machining centre supplier to Singapore, accounting for a 54% share of total imports. Moreover, horizontal machining centre imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+141.6% per year) and Japan (+3.1% per year).

In value terms, Japan ($X) constituted the largest supplier of horizontal machining centres for working metal to Singapore, comprising 41% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by South Korea, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.5% per year) and South Korea (+8.2% per year).

Import Prices by Country

In 2021, the average horizontal machining centre import price amounted to $X per unit, which is down by -23% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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