Singapore: Non-Domestic Dishwashing Machine Market 2024

Non-Domestic Dishwashing Machine Market Size in Singapore

The Singaporean non-domestic dishwashing machine market shrank to $X in 2022, with a decrease of -14.6% against the previous year. In general, consumption continues to indicate a pronounced decline. Non-domestic dishwashing machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Domestic Dishwashing Machine Production in Singapore

In value terms, non-domestic dishwashing machine production reduced remarkably to $X in 2022 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 181%. Non-domestic dishwashing machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Domestic Dishwashing Machine Exports

Exports from Singapore

In 2022, exports of non-domestic dish-washing machines from Singapore dropped sharply to X units, falling by -38.1% compared with the year before. In general, exports, however, enjoyed measured growth. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-domestic dishwashing machine exports contracted markedly to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 99%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for non-domestic dishwashing machine exports from Singapore, with a 43% share of total exports. Moreover, non-domestic dishwashing machine exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X units), threefold. Indonesia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+64.1% per year) and Indonesia (+4.0% per year).

In value terms, Malaysia ($X), Cambodia ($X) and Australia ($X) constituted the largest markets for non-domestic dishwashing machine exported from Singapore worldwide, together comprising 56% of total exports. Indonesia, Thailand, Vietnam, Maldives, the Philippines, Kenya and India lagged somewhat behind, together accounting for a further 39%.

Kenya, with a CAGR of +163.7%, recorded the highest growth rate of the value of exports, in terms of 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 non-domestic dishwashing machine export price amounted to $X per unit, rising by 11% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. The export price peaked at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while the average price for exports to India ($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 Kenya (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dishwashing Machine Imports

Imports into Singapore

Non-domestic dishwashing machine imports into Singapore dropped markedly to X units in 2022, reducing by -25.5% against 2021. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 88%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-domestic dishwashing machine imports declined markedly to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic dishwashing machine to Singapore, with a 45% share of total imports. Moreover, non-domestic dishwashing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and Germany (+11.4% per year).

In value terms, the largest non-domestic dishwashing machine suppliers to Singapore were Germany ($X), China ($X) and Italy ($X), together accounting for 63% of total imports. Thailand, Belgium, Spain, the United States, Turkey and Malaysia lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +52.2%, recorded the highest rates of growth with regard to 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

In 2022, the average non-domestic dishwashing machine import price amounted to $X per unit, increasing by 13% against the previous year. Overall, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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