Singapore: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Singapore

After two years of growth, the Singaporean panel display manufacturing machine market decreased by -58.2% to $X in 2021. Overall, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then declined remarkably in the following year.

Production of Machines For The Manufacture Of Flat Panel Displays in Singapore

In value terms, panel display manufacturing machine production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume decreased by -22.4% against the previous year. Panel display manufacturing machine production peaked at $X in 2020, and then declined markedly in the following year.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Singapore

Panel display manufacturing machine exports from Singapore shrank significantly to X units in 2021, waning by -17.6% compared with the previous year. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 390% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports contracted sharply to $X in 2021. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 377% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for panel display manufacturing machine exports from Singapore, with a 50% share of total exports. Moreover, panel display manufacturing machine exports to China exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.6% per year) and Hong Kong SAR (-32.4% per year).

In value terms, China ($X) remains the key foreign market for panel display manufacturing machine exports from Singapore, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +68.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+59.8% per year) and Hong Kong SAR (+59.7% per year).

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, dropping by -4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 35% against the previous year. The export price peaked at $X per unit in 2020, and then fell modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Japan ($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 Australia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Singapore

In 2021, supplies from abroad of machines for the manufacture of flat panel displays decreased by -50% to X units, falling for the second year in a row after two years of growth. In general, imports saw a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 644%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, panel display manufacturing machine imports reduced dramatically to $X in 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 467%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), Germany (X units) and Malaysia (X units) were the main suppliers of panel display manufacturing machine imports to Singapore, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest panel display manufacturing machine suppliers to Singapore were Germany ($X), Japan ($X) and China ($X), together accounting for 59% of total imports.

Germany, with a CAGR of +30.5%, 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

The average panel display manufacturing machine import price stood at $X per unit in 2021, declining by -6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 43%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the UK ($X per unit) and the United States ($X per unit), while the price for Japan ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :