Singapore: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Singapore

In 2021, the Singaporean hydraulic automatic regulators market decreased by -1.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Hydraulic Automatic Regulators Production in Singapore

In value terms, hydraulic automatic regulators production contracted slightly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of 84% against the previous year. Hydraulic automatic regulators production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports from Singapore

In 2021, overseas shipments of hydraulic or pneumatic automatic regulating instruments decreased by -18.5% to X units, falling for the seventh year in a row after three years of growth. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, hydraulic automatic regulators exports reduced to $X in 2021. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 48%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for hydraulic automatic regulators exports from Singapore, with a 27% share of total exports. Moreover, hydraulic automatic regulators exports to Malaysia exceeded the volume sent to the second major destination, the Philippines (X units), twofold. Australia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+8.1% per year) and Australia (+0.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for hydraulic or pneumatic automatic regulating instruments exports from Singapore, comprising 27% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total exports. It was followed by Australia, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-8.8% per year) and Australia (+3.1% per year).

Export Prices by Country

In 2021, the average hydraulic automatic regulators export price amounted to $X per unit, with an increase of 5.3% against the previous year. In general, the export price, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 40% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa ($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 India (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Singapore

In 2021, supplies from abroad of hydraulic or pneumatic automatic regulating instruments decreased by -20.4% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 60%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hydraulic automatic regulators imports contracted to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Malaysia (X units) were the main suppliers of hydraulic automatic regulators imports to Singapore, with a combined 71% share of total imports. Japan, South Korea, Taiwan (Chinese), the United States and Italy lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Singapore, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and China (-0.6% per year).

Import Prices by Country

In 2021, the average hydraulic automatic regulators import price amounted to $X per unit, growing by 25% against the previous year. In general, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2018 when the average import price increased by 34% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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