Singapore: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Singapore

The Singaporean lathe for removing metal market shrank significantly to $X in 2021, which is down by -31.1% against the previous year. Over the period under review, consumption faced a sharp decrease. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Singapore

In value terms, lathe for removing metal production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 76% against the previous year. Lathe for removing metal production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Singapore

In 2021, the amount of lathes for removing metal exported from Singapore surged to X units, with an increase of 60% compared with the year before. Overall, exports, however, recorded a mild shrinkage. Over the period under review, the lafor removing metal exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lathe for removing metal exports soared to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), India (X units) and Belgium (X units) were the main destinations of lathe for removing metal exports from Singapore, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from Singapore were India ($X), Belgium ($X) and Brazil ($X), together comprising 52% of total exports.

Belgium, with a CAGR of +17.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average lathe for removing metal export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 5.9%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Malaysia ($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 Belgium (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Singapore

In 2021, the amount of lathes for removing metal imported into Singapore rose markedly to X units, picking up by 15% on the previous year. Over the period under review, imports saw a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of 99% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports surged to $X in 2021. Overall, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 49%. Over the period under review, lafor removing metal imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of lathe for removing metal imports to Singapore, with a combined 57% share of total imports. These countries were followed by Thailand, Italy, the United States, India, the UK, Japan and Spain, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +59.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal suppliers to Singapore were Taiwan (Chinese) ($X), the United States ($X) and Thailand ($X), together accounting for 53% of total imports. Japan, Italy, China, Malaysia, Spain, the UK and India lagged somewhat behind, together accounting for a further 28%.

India, with a CAGR of +22.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, surging by 16% against the previous year. In general, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 the United States ($X per unit), while the price for India ($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 (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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