Singapore: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in Singapore

The Singaporean industrial brewery machinery market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced contraction. Industrial brewery machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Industrial Brewery Machinery Production in Singapore

In value terms, industrial brewery machinery production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Industrial brewery machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Brewery Machinery Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial brewery machinery, when their volume decreased by X% to X units. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial brewery machinery exports soared to $X in 2022. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of industrial brewery machinery exports from Singapore, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the largest markets for industrial brewery machinery exported from Singapore worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average industrial brewery machinery export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Brewery Machinery Imports

Imports into Singapore

Industrial brewery machinery imports into Singapore dropped to X units in 2022, with a decrease of X% compared with the year before. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial brewery machinery imports soared to $X in 2022. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Malaysia (X units) and India (X units) were the main suppliers of industrial brewery machinery imports to Singapore, together accounting for X% of total imports. Japan, Italy, Taiwan (Chinese), the UK, Hong Kong SAR, the United States, Indonesia, France and New Zealand lagged somewhat behind, together comprising a further X%. Moreover, industrial brewery machinery imports in China exceeded the figures recorded by the second-largest supplier, Malaysia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of industrial brewery machinery to Singapore, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average industrial brewery machinery import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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