Singapore: Poultry Incubator Market 2024

Poultry Incubator Market Size in Singapore

The Singaporean poultry incubator market declined significantly to $X in 2022, waning by -19.5% against the previous year. Overall, consumption faced a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in Singapore

In value terms, poultry incubator production dropped to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 19%. Poultry incubator production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Poultry Incubator Exports

Exports from Singapore

In 2022, shipments abroad of poultry incubators and brooders increased by 131% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 550%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, poultry incubator exports surged to $X in 2022. Overall, exports saw a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 431%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of poultry incubator exports from Singapore, with a combined 88% share of total exports. Thailand and the Philippines lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for poultry incubator exported from Singapore were India ($X), Indonesia ($X) and Malaysia ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +20.4%, 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

The average poultry incubator export price stood at $X per unit in 2022, which is down by -7.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per unit) and Indonesia ($X per unit), while the average price for exports to Thailand ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.5%), while the prices for the other major destinations experienced a decline.

Poultry Incubator Imports

Imports into Singapore

Poultry incubator imports into Singapore shrank rapidly to X units in 2022, falling by -46% against the previous year's figure. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 170%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports shrank significantly to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 190% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X units), South Korea (X units) and China (X units) were the main suppliers of poultry incubator imports to Singapore, together accounting for 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry incubator suppliers to Singapore were the UK ($X), South Korea ($X) and China ($X).

South Korea, with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average poultry incubator import price amounted to $X per unit, rising by 6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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