Singapore: Levels Market 2024

Levels Market Size in Singapore

In 2022, the Singaporean levels market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Levels Production in Singapore

In value terms, levels production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in years to come.

Levels Exports

Exports from Singapore

After two years of growth, shipments abroad of levels decreased by X% to X units in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, levels exports shrank slightly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced modestly in the following year.

Exports by Country

The United States (X units), Germany (X units) and Malaysia (X units) were the main destinations of levels exports from Singapore, with a combined X% share of total exports. The Netherlands, Switzerland, Australia, India and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the United States ($X) and Switzerland ($X) appeared to be the largest markets for levels exported from Singapore worldwide, with a combined X% share of total exports. Australia, the Netherlands, India, Malaysia and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average levels export price amounted to $X per unit, flattening at the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, levels export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Malaysia ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Levels Imports

Imports into Singapore

Levels imports into Singapore reduced modestly to X units in 2022, stabilizing at the year before. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, levels imports declined to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest levels supplier to Singapore, with a X% share of total imports. Moreover, levels imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average levels import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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