Singapore: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Singapore

The Singaporean market for non-domestic percolators and equipment for cooking or heating food was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Singapore

In 2022, overseas shipments of non-domestic percolators and equipment for cooking or heating food increased by 69% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports, however, saw a perceptible curtailment. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food surged to $X in 2022. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and Thailand (X units) were the main destinations of exports of non-domestic percolators and equipment for cooking or heating food from Singapore, together accounting for 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-domestic percolators and equipment for cooking or heating food exported from Singapore were Malaysia ($X), Indonesia ($X) and Thailand ($X), with a combined 80% share of total exports.

Thailand, with a CAGR of +14.2%, recorded the highest rates of growth with regard to 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

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, falling by -13.1% against the previous year. In general, the export price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Thailand ($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 India (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Singapore

In 2022, purchases abroad of non-domestic percolators and equipment for cooking or heating food increased by 22% to X units, rising for the eighth year in a row after two years of decline. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +103.8% against 2014 indices. The growth pace was the most rapid in 2015 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to Singapore, with a combined 59% share of total imports. The United States, Switzerland, the UK, France, Taiwan (Chinese), Japan, Canada and Spain lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +36.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to Singapore were Germany ($X), Italy ($X) and China ($X), together accounting for 61% of total imports. The United States, Switzerland, the UK, France, Taiwan (Chinese), Japan, Canada and Spain lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +34.8%, 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

In 2022, the average import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, rising by 8.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 51%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 the United States ($X per unit), while the price for Spain ($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 United States (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform