Singapore: Bottle Cleaning Machine Market 2024

Bottle Cleaning Machine Market Size in Singapore

In 2022, the Singaporean bottle cleaning machine market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Bottle cleaning machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bottle Cleaning Machine Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in shipments abroad of machinery for cleaning or drying bottles, when their volume decreased by X% to X units. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, bottle cleaning machine exports fell sharply to $X in 2022. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Malaysia (X units) was the main destination for bottle cleaning machine exports from Singapore, with a X% share of total exports. Moreover, bottle cleaning machine exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X units), fourfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for machinery for cleaning or drying bottles exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and India (X% per year).

Export Prices by Country

The average bottle cleaning machine export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to the Philippines ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bottle Cleaning Machine Imports

Imports into Singapore

In 2022, after two years of growth, there was significant decline in purchases abroad of machinery for cleaning or drying bottles, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bottle cleaning machine imports expanded markedly to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest bottle cleaning machine supplier to Singapore, accounting for a X% share of total imports. Moreover, bottle cleaning machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Sweden (X units), with a X% share.

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

In value terms, Sweden ($X) constituted the largest supplier of machinery for cleaning or drying bottles to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

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

Import Prices by Country

In 2022, the average bottle cleaning machine import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a abrupt slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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