Singapore: Market for Printers, Copying Machines And Facsimile Machines 2024

Market Size for Printers, Copying Machines And Facsimile Machines in Singapore

In 2021, the Singaporean printers and copying machines market increased by 1,331% to $X, rising for the third year in a row after four years of decline. Overall, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Printers, Copying Machines And Facsimile Machines in Singapore

In value terms, printers and copying machines production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 1,196%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Printers, Copying Machines And Facsimile Machines

Exports from Singapore

After two years of decline, shipments abroad of printers, copying machines and facsimile machines increased by 6.7% to X units in 2021. In general, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 159% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, printers and copying machines exports soared to $X in 2021. Overall, exports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2015 when exports increased by 89%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for printers and copying machines exports from Singapore, accounting for a 23% share of total exports. Moreover, printers and copying machines exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), threefold. Indonesia (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-5.1% per year) and Indonesia (-18.9% per year).

In value terms, the United States ($X) remains the key foreign market for printers, copying machines and facsimile machines exports from Singapore, comprising 22% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total exports. It was followed by Vietnam, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+4.1% per year) and Vietnam (+1.3% per year).

Export Prices by Country

The average printers and copying machines export price stood at $X per unit in 2021, surging by 31% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of 73%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Japan ($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 Indonesia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Printers, Copying Machines And Facsimile Machines

Imports into Singapore

In 2021, after two years of decline, there was significant growth in purchases abroad of printers, copying machines and facsimile machines, when their volume increased by 93% to X units. In general, imports saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 94% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, printers and copying machines imports surged to $X in 2021. Overall, imports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 21%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X units), China (X units) and Indonesia (X units) were the main suppliers of printers and copying machines imports to Singapore, with a combined 73% 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 Indonesia (with a CAGR of +22.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printers and copying machines suppliers to Singapore were China ($X), Indonesia ($X) and Malaysia ($X), with a combined 72% share of total imports.

Indonesia, with a CAGR of +11.6%, saw 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 a decline.

Import Prices by Country

The average printers and copying machines import price stood at $X per unit in 2021, waning by -37.5% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 56%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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