Singapore: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Singapore

The Singaporean non-hydraulic press market surged to $X in 2021, picking up by 162% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports from Singapore

In 2021, overseas shipments of non-hydraulic presses for working metal increased by 72% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 224%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-hydraulic press exports soared to $X in 2021. Overall, exports, however, recorded a significant curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 94%. 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

Malaysia (X units) was the main destination for non-hydraulic press exports from Singapore, with a 68% share of total exports. Moreover, non-hydraulic press exports to Malaysia exceeded the volume sent to the second major destination, Germany (X units), eightfold. The Philippines (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+32.6% per year) and the Philippines (+4.1% per year).

In value terms, the largest markets for non-hydraulic press exported from Singapore were Malaysia ($X), the Philippines ($X) and Indonesia ($X), together accounting for 68% of total exports. These countries were followed by Cambodia, China, Germany, Saudi Arabia and the Netherlands, which together accounted for a further 12%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +135.7%, 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 2021, the average non-hydraulic press export price amounted to $X per unit, falling by -9.7% against the previous year. Overall, the export price showed a dramatic descent. The growth pace was the most rapid in 2018 a decrease of -7.3%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-7.4%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Singapore

After two years of decline, purchases abroad of non-hydraulic presses for working metal increased by 130% to X units in 2021. Over the period under review, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-hydraulic press imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-hydraulic press to Singapore, accounting for a 55% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.9% per year) and Germany (+43.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of non-hydraulic presses for working metal to Singapore, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with an 8.2% share of total imports. It was followed by Japan, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.5% per year) and Japan (-18.4% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, shrinking by -9.9% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 47%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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