Singapore: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Singapore

After four years of decline, the Singaporean respiration apparatus market increased by 906% to $X in 2021. Overall, consumption saw a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Respiration Apparatus Production in Singapore

In value terms, respiration apparatus production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 62%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Respiration Apparatus Exports

Exports from Singapore

In 2021, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -13% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 493%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, respiration apparatus exports rose modestly to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 501% against the previous year. The exports peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

The United States (X tons) was the main destination for respiration apparatus exports from Singapore, with a 70% share of total exports. Moreover, respiration apparatus exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Australia (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +69.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+113.6% per year) and Australia (+66.2% per year).

In value terms, the United States ($X) remains the key foreign market for respiration apparatus exports from Singapore, comprising 70% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by Australia, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +83.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+131.2% per year) and Australia (+80.0% per year).

Export Prices by Country

In 2021, the average respiration apparatus export price amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 91%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to India ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into Singapore

In 2021, approx. X tons of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were imported into Singapore; rising by 18% compared with 2020. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 122% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, respiration apparatus imports rose markedly to $X in 2021. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 101%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Ireland (X tons) were the main suppliers of respiration apparatus imports to Singapore, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +89.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus suppliers to Singapore were Malaysia ($X), China ($X) and Ireland ($X), together accounting for 83% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +90.2%, saw the highest rates of growth with regard to 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 2021, the average respiration apparatus import price amounted to $X per ton, with a decrease of -5.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and Ireland ($X per ton), while the price for Indonesia ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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