Singapore: Radio Navigation Apparatus Market 2025

Radio Navigation Apparatus Market Size in Singapore

The Singaporean radio navigation apparatus market declined rapidly to $X in 2021, waning by -71% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Radio Navigation Apparatus Production in Singapore

In value terms, radio navigation apparatus production fell markedly to $X in 2021 estimated in export price. In general, production showed a sharp contraction. Radio navigation apparatus production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from Singapore

In 2021, exports of radio navigational aid apparatus from Singapore skyrocketed to X tons, growing by 20% against 2020. In general, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 71% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, radio navigation apparatus exports rose rapidly to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 181%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Japan (X tons) and China (X tons) were the main destinations of radio navigation apparatus exports from Singapore, together comprising 66% of total exports. Australia, Indonesia, the United States, India, Ghana, Malaysia, Morocco, Hong Kong SAR, South Korea and Thailand lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +80.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radio navigation apparatus exported from Singapore were Russia ($X), Japan ($X) and China ($X), with a combined 68% share of total exports. These countries were followed by Australia, Indonesia, the United States, India, Malaysia, Ghana, Hong Kong SAR, South Korea, Thailand and Morocco, which together accounted for a further 24%.

Ghana, with a CAGR of +118.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radio navigation apparatus export price stood at $X per kg in 2021, waning by -5.8% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 182%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per kg), while the average price for exports to Morocco ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Singapore

In 2021, radio navigation apparatus imports into Singapore dropped dramatically to X tons, falling by -52.4% compared with 2020. In general, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by 216%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports fell significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 327% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of radio navigation apparatus to Singapore, accounting for a 43% share of total imports. Moreover, radio navigation apparatus imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and France (+4.8% per year).

In value terms, the United States ($X) constituted the largest supplier of radio navigational aid apparatus to Singapore, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.4% per year) and France (+16.8% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the import price recorded prominent growth. The growth pace was the most rapid in 2013 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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