Singapore: Loading Machinery Market 2025

Loading Machinery Market Size in Singapore

The Singaporean loading machinery market soared to $X in 2022, rising by 59% against the previous year. Over the period under review, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Loading Machinery Production in Singapore

In value terms, loading machinery production expanded rapidly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 187%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports from Singapore

In 2022, overseas shipments of lifting, handling, loading or unloading machinery increased by 84% to X units, rising for the second consecutive year after three years of decline. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 111% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, loading machinery exports skyrocketed to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 98% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X units), China (X units) and the United States (X units) were the main destinations of loading machinery exports from Singapore, with a combined 39% share of total exports. Indonesia, Japan, Vietnam, the Philippines, Thailand, the Netherlands, Taiwan (Chinese), India, Germany and Mexico lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +46.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loading machinery exported from Singapore were Malaysia ($X), China ($X) and the United States ($X), with a combined 39% share of total exports. These countries were followed by Indonesia, Japan, Vietnam, the Philippines, Thailand, the Netherlands, Taiwan (Chinese), India, Germany and Mexico, which together accounted for a further 44%.

Among the main countries of destination, Mexico, with a CAGR of +43.2%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average loading machinery export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Mexico ($X per unit) and Vietnam ($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 India (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Singapore

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported into Singapore; rising by 129% against the previous year. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery imports surged to $X in 2022. Overall, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), China (X units) and Germany (X units) were the main suppliers of loading machinery imports to Singapore, with a combined 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Germany ($X) appeared to be the largest loading machinery suppliers to Singapore, with a combined 44% share of total imports.

Malaysia, with a CAGR of +49.0%, saw the highest rates of growth with regard to 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

In 2022, the average loading machinery import price amounted to $X per unit, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 5.5%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and South Korea ($X per unit), while the price for Australia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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