Singapore: Disc Pick-Up Cartridge Market 2024

Disc Pick-Up Cartridge Market Size in Singapore

The Singaporean disc pick-up cartridge market dropped modestly to $X in 2021, which is down by -4.7% against the previous year. In general, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Disc Pick-Up Cartridge Production in Singapore

In value terms, disc pick-up cartridge production reduced notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous decline. The pace of growth appeared the most rapid in 2018 with a decrease of -15.7%. Disc pick-up cartridge production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Disc Pick-Up Cartridge Exports

Exports from Singapore

In 2021, overseas shipments of pick-up cartridges for discs or mechanically recorded sound films decreased by -23.7% to X units, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2018 when exports increased by 22%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, disc pick-up cartridge exports reduced sharply to $X in 2021. Over the period under review, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for disc pick-up cartridge exports from Singapore, with a 75% share of total exports. Moreover, disc pick-up cartridge exports to Indonesia exceeded the volume sent to the second major destination, Bangladesh (X units), fivefold. Malaysia (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+121.9% per year) and Malaysia (-37.9% per year).

In value terms, Indonesia ($X) remains the key foreign market for pick-up cartridges for discs or mechanically recorded sound films exports from Singapore, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.7% share of total exports. It was followed by Hong Kong SAR, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-37.3% per year) and Hong Kong SAR (-6.4% per year).

Export Prices by Country

In 2021, the average disc pick-up cartridge export price amounted to $X per unit, flattening at the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disc pick-up cartridge export price increased by +73.9% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Bangladesh ($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 Hong Kong SAR (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Pick-Up Cartridge Imports

Imports into Singapore

In 2021, disc pick-up cartridge imports into Singapore skyrocketed to X units, picking up by 264% on the previous year's figure. Over the period under review, imports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 593% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, disc pick-up cartridge imports skyrocketed to $X in 2021. In general, imports, however, showed a sharp downturn. The growth pace was the most rapid in 2015 when imports increased by 552%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X units) constituted the largest disc pick-up cartridge supplier to Singapore, accounting for a 67% share of total imports. Moreover, disc pick-up cartridge imports from Denmark exceeded the figures recorded by the second-largest supplier, the UK (X units), sevenfold. The third position in this ranking was held by China (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.3% per year) and China (-40.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of pick-up cartridges for discs or mechanically recorded sound films to Singapore, comprising 66% of total imports. The second position in the ranking was held by the UK ($X), with a 9.4% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Denmark stood at +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.1% per year) and China (-40.4% per year).

Import Prices by Country

In 2021, the average disc pick-up cartridge import price amounted to $X per unit, reducing by -42.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per unit) and Japan ($X per unit), while the price for Denmark ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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