Singapore: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Singapore

The Singaporean metal liquid fuel appliances market contracted notably to $X in 2022, dropping by -31.4% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. Metal liquid fuel appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Singapore

In value terms, metal liquid fuel appliances production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Singapore

After two years of decline, shipments abroad of iron or steel liquid fuel domestic appliances increased by 379% to X units in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal liquid fuel appliances exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible slump. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for metal liquid fuel appliances exports from Singapore, with a 84% share of total exports. Moreover, metal liquid fuel appliances exports to South Africa exceeded the volume sent to the second major destination, Malaysia (X units), ninefold. Papua New Guinea (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+32.8% per year) and Papua New Guinea (-25.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for iron or steel liquid fuel domestic appliances exports from Singapore, comprising 56% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 23% share of total exports. It was followed by South Africa, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-13.2% per year) and South Africa (0.0% per year).

Export Prices by Country

In 2022, the average metal liquid fuel appliances export price amounted to $X per unit, increasing by 107% against the previous year. Over the period under review, the export price saw a perceptible increase. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to South Africa ($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 India (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Singapore

In 2022, approx. X units of iron or steel liquid fuel domestic appliances were imported into Singapore; declining by -98.1% on the previous year's figure. Over the period under review, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2019 with an increase of 1,164% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted sharply in the following year.

In value terms, metal liquid fuel appliances imports reduced dramatically to $X in 2022. Overall, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1,153% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main metal liquid fuel appliances supplier to Singapore, with a 95% share of total imports. Moreover, metal liquid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.2%.

In value terms, China ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to Singapore, comprising 97% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -15.7%.

Import Prices by Country

The average metal liquid fuel appliances import price stood at $X per unit in 2022, which is down by -21.2% against the previous year. In general, the import price saw a deep setback. The growth pace was the most rapid in 2013 an increase of 75% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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