Singapore: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Singapore

In 2021, the Singaporean filling containers machinery market decreased by -22.5% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, recorded a prominent increase. Filling containers machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Exports

Exports from Singapore

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Singapore fell to X units, with a decrease of -10.7% on 2020. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 173% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, filling containers machinery exports plummeted to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 158%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Indonesia (X units) was the main destination for filling containers machinery exports from Singapore, accounting for a 49% share of total exports. Moreover, filling containers machinery exports to Indonesia exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Malaysia (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+47.5% per year) and Malaysia (-25.2% per year).

In value terms, the United States ($X), Indonesia ($X) and China ($X) were the largest markets for filling containers machinery exported from Singapore worldwide, together comprising 68% of total exports. These countries were followed by Germany, Malaysia, Japan, Belgium, Brazil, Taiwan (Chinese), New Zealand and Sri Lanka, which together accounted for a further 20%.

In terms of the main countries of destination, Brazil, with a CAGR of +946.8%, recorded 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 2021, the average filling containers machinery export price amounted to $X per unit, with a decrease of -11.4% against the previous year. Overall, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by 374%. The export price peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Brazil (+115.6%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Singapore

In 2021, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -35.6% to X units, falling for the second year in a row after four years of growth. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 93% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, filling containers machinery imports surged to $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of filling containers machinery to Singapore, accounting for a 37% share of total imports. Moreover, filling containers machinery imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The United States (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.0% per year) and the United States (+3.4% per year).

In value terms, the largest filling containers machinery suppliers to Singapore were Japan ($X), Italy ($X) and China ($X), with a combined 46% share of total imports. These countries were followed by the United States, France, Taiwan (Chinese), Malaysia and South Korea, which together accounted for a further 22%.

In terms of the main suppliers, France, with a CAGR of +37.9%, saw the highest growth rate of the value of imports, 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 filling containers machinery import price amounted to $X per unit, increasing by 157% against the previous year. Overall, the import price, however, saw a abrupt decrease. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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