Singapore: Manostat Market 2025

Manostat Market Size in Singapore

The Singaporean manostat market expanded notably to $X in 2022, picking up by 12% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Manostat Production in Singapore

In value terms, manostat production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the production volume increased by 256%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Manostat Exports

Exports from Singapore

In 2022, approx. X units of manostats were exported from Singapore; increasing by 57% against 2021. Over the period under review, exports enjoyed a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, manostat exports skyrocketed to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X units), Vietnam (X units) and Hong Kong SAR (X units) were the main destinations of manostat exports from Singapore, together accounting for 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Malaysia ($X) were the largest markets for manostat exported from Singapore worldwide, with a combined 46% share of total exports.

Vietnam, with a CAGR of +24.3%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 manostat export price amounted to $X per unit, shrinking by -13.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 74% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 China (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Manostat Imports

Imports into Singapore

In 2022, the amount of manostats imported into Singapore surged to X units, increasing by 44% compared with the previous year's figure. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 112%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, manostat imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 206% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, India (X units) constituted the largest supplier of manostat to Singapore, with a 52% share of total imports. Moreover, manostat imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. China (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.0% per year) and China (+25.2% per year).

In value terms, the largest manostat suppliers to Singapore were the United States ($X), India ($X) and Germany ($X), with a combined 67% share of total imports.

In terms of the main suppliers, India, with a CAGR of +33.3%, recorded 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

The average manostat import price stood at $X per unit in 2022, waning by -5% against the previous year. Overall, the import price saw a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 70%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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