Singapore: Medical Steriliser Market 2024

Medical Steriliser Market Size in Singapore

The Singaporean medical steriliser market skyrocketed to $X in 2022, surging by 29% against the previous year. In general, consumption, however, showed a mild shrinkage. Medical steriliser consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Steriliser Production in Singapore

In value terms, medical steriliser production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a dramatic slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 262%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Medical Steriliser Exports

Exports from Singapore

In 2022, exports of medical, surgical or laboratory sterilisers from Singapore declined markedly to X units, with a decrease of -32.7% compared with 2021 figures. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 174%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, medical steriliser exports shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 160%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of medical steriliser exports from Singapore, together accounting for 50% of total exports. India, the UK, Chile, Colombia, Thailand, the Netherlands, Peru, Vietnam, Switzerland and Brazil lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +50.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and India ($X) appeared to be the largest markets for medical steriliser exported from Singapore worldwide, with a combined 50% share of total exports. These countries were followed by Malaysia, Chile, Colombia, the Netherlands, the UK, Thailand, Peru, Vietnam, Brazil and Switzerland, which together accounted for a further 31%.

Among the main countries of destination, Chile, with a CAGR of +49.5%, saw 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 medical steriliser export price amounted to $X per unit, picking up by 46% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Switzerland ($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 Colombia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Steriliser Imports

Imports into Singapore

After four years of decline, overseas purchases of medical, surgical or laboratory sterilisers increased by 13% to X units in 2022. Overall, imports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest medical steriliser supplier to Singapore, with a 30% share of total imports. Moreover, medical steriliser imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Australia (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and Australia (+13.7% per year).

In value terms, the largest medical steriliser suppliers to Singapore were the United States ($X), Italy ($X) and Australia ($X), with a combined 48% share of total imports. Malaysia, Japan, Austria, Finland, Slovenia, Mexico, Germany, the UK and Poland lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Slovenia, with a CAGR of +77.2%, 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

In 2022, the average medical steriliser import price amounted to $X per unit, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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