Singapore: Pile-Driver Market 2024

Pile-Driver Market Size in Singapore

In 2021, after two years of decline, there was significant growth in the Singaporean pile-driver market, when its value increased by 137% to $X. In general, consumption continues to indicate a noticeable expansion. Pile-driver consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pile-Driver Production in Singapore

In value terms, pile-driver production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Pile-Driver Exports

Exports from Singapore

In 2021, the amount of pile-drivers and pile-extractors exported from Singapore declined to X units, reducing by -7.5% on the previous year's figure. Overall, exports showed a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 532% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pile-driver exports surged to $X in 2021. Over the period under review, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2015 with an increase of 817% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), Malaysia (X units) and Taiwan (Chinese) (X units) were the main destinations of pile-driver exports from Singapore, together comprising 81% of total exports. Australia, the Philippines, South Korea, Japan and Indonesia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for pile-drivers and pile-extractors exports from Singapore, comprising 40% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by Australia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-12.8% per year) and Australia (+13.3% per year).

Export Prices by Country

The average pile-driver export price stood at $X per unit in 2021, with an increase of 31% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Hong Kong SAR ($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 Taiwan (Chinese) (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pile-Driver Imports

Imports into Singapore

In 2021, after two years of decline, there was significant growth in supplies from abroad of pile-drivers and pile-extractors, when their volume increased by 151% to X units. Overall, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pile-driver imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), the Netherlands (X units) and China (X units) were the main suppliers of pile-driver imports to Singapore, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +122.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United Arab Emirates ($X) were the largest pile-driver suppliers to Singapore, with a combined 80% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +83.3%, recorded 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

The average pile-driver import price stood at $X per unit in 2021, picking up by 38% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 45%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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