Singapore: Isolating Switch Market 2025

Isolating Switch Market Size in Singapore

The Singaporean isolating switch market dropped rapidly to $X in 2022, waning by -73.9% against the previous year. Over the period under review, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Isolating Switch Production in Singapore

In value terms, isolating switch production contracted dramatically to $X in 2022 estimated in export price. In general, production faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 with a decrease of -39.4%. Isolating switch production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Isolating Switch Exports

Exports from Singapore

In 2022, the amount of isolating switches & make-and-break switches exported from Singapore rose markedly to X units, picking up by 13% against the previous year. Overall, exports, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, isolating switch exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for isolating switch exports from Singapore, accounting for a 66% share of total exports. Moreover, isolating switch exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X units), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-7.0% per year) and Taiwan (Chinese) (-8.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for isolating switches & make-and-break switches exports from Singapore, comprising 65% of total exports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+0.4% per year) and Taiwan (Chinese) (-0.5% per year).

Export Prices by Country

The average isolating switch export price stood at $X per unit in 2022, increasing by 71% against the previous year. Over the period under review, the export price continues to indicate a remarkable 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 external markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Thailand ($X per unit) and Malaysia ($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 Indonesia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Singapore

Isolating switch imports into Singapore contracted dramatically to X units in 2022, reducing by -26.7% against 2021 figures. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 97% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, isolating switch imports shrank sharply to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 129% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units), Japan (X units) and the United States (X units) were the main suppliers of isolating switch imports to Singapore, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch suppliers to Singapore were Switzerland ($X), Japan ($X) and the United States ($X), with a combined 67% share of total imports.

Japan, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average isolating switch import price stood at $X per unit in 2022, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 an increase of 35%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and China ($X per unit), while the price for the United Arab Emirates ($X per unit) and Germany ($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 United Arab Emirates (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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