Singapore: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Singapore

The Singaporean motor vehicle engine market dropped to $X in 2021, waning by -7.6% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Motor Vehicle Engine Production in Singapore

In value terms, motor vehicle engine production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Motor Vehicle Engine Exports

Exports from Singapore

In 2021, shipments abroad of motor vehicle engines (spark-ignition) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Malaysia (X tons) and the Philippines (X tons) were the main destinations of motor vehicle engine exports from Singapore, together comprising 48% of total exports. These countries were followed by India, Indonesia, Pakistan, Hong Kong SAR, China, Bangladesh, Australia, Iraq, Afghanistan and Germany, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +113.4%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for motor vehicle engines (spark-ignition) exports from Singapore, comprising 28% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by the Philippines, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+5.2% per year) and the Philippines (+65.2% per year).

Export Prices by Country

In 2021, the average motor vehicle engine export price amounted to $X per ton, waning by -3.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced slightly in the following year.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Iraq ($X per ton), while the average price for exports to Indonesia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Singapore

In 2021, supplies from abroad of motor vehicle engines (spark-ignition) increased by 59% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep reduction. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motor vehicle engine imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of motor vehicle engine to Singapore, accounting for a 67% share of total imports. Moreover, motor vehicle engine imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was taken by the UK (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.1% per year) and the UK (-26.0% per year).

In value terms, Germany ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Singapore, comprising 69% of total imports. The second position in the ranking was taken by the UK ($X), with a 6.7% share of total imports. It was followed by France, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-22.6% per year) and France (+41.1% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor vehicle engine import price increased by +22.9% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 55%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+42.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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