Singapore: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Singapore

The Singaporean non-numerically controlled drilling machine market shrank notably to $X in 2021, reducing by -89.1% against the previous year. Over the period under review, consumption faced a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Singapore

In value terms, non-numerically controlled drilling machine production stood at $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 65%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Singapore

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal increased by 133% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a deep slump. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 when exports increased by 28% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), the Philippines (X tons) and Australia (X tons) were the main destinations of non-numerically controlled drilling machine exports from Singapore, together accounting for 57% of total exports. These countries were followed by Indonesia, Saudi Arabia, Japan, India, Thailand, South Korea and Italy, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +1,520.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the Philippines ($X) and Australia ($X) constituted the largest markets for non-numerically controlled drilling machine exported from Singapore worldwide, with a combined 56% share of total exports. These countries were followed by Indonesia, Saudi Arabia, Japan, India, Thailand, South Korea and Italy, which together accounted for a further 37%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +1,114.8%, saw the highest growth rate of 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-numerically controlled drilling machine export price amounted to $X per ton, which is down by -45.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Singapore

In 2021, supplies from abroad of non-numerically controlled drilling machines for working metal decreased by -1.4% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 142% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports dropped to $X in 2021. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 100%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Singapore, together comprising 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +67.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Thailand ($X) appeared to be the largest non-numerically controlled drilling machine suppliers to Singapore, together comprising 57% of total imports.

Thailand, with a CAGR of +55.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, dropping by -7.9% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2016 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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