Singapore: Dc Motor Market 2025

Dc Motor Market Size in Singapore

In 2022, the Singaporean DC motor market increased by X% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption, however, recorded a slight curtailment. Consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dc Motor Exports

Exports from Singapore

After five years of decline, shipments abroad of DC motors increased by X% to X units in 2022. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, DC motor exports reached $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for DC motor exports from Singapore, accounting for a X% share of total exports. Moreover, DC motor exports to Malaysia exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for DC motors exports from Singapore, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Australia (X% per year).

Export Prices by Country

The average DC motor export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped significantly in the following year.

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

Dc Motor Imports

Imports into Singapore

For the third consecutive year, Singapore recorded growth in supplies from abroad of DC motors, which increased by X% to X units in 2022. Over the period under review, imports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, DC motor imports soared to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X units) constituted the largest supplier of DC motor to Singapore, with a X% share of total imports. Moreover, DC motor imports from Switzerland exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

In value terms, China ($X), Vietnam ($X) and the Philippines ($X) constituted the largest DC motor suppliers to Singapore, with a combined X% share of total imports. Germany, Japan, Thailand, Malaysia, Switzerland and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Switzerland, with a CAGR of X%, 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

The average DC motor import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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