Singapore: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Singapore

The Singaporean remote control apparatus market contracted notably to $X in 2021, declining by -22.8% against the previous year. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Remote Control Apparatus Production in Singapore

In value terms, remote control apparatus production surged to $X in 2021 estimated in export price. Overall, production, however, saw a deep setback. The growth pace was the most rapid in 2017 when the production volume increased by 108% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Remote Control Apparatus Exports

Exports from Singapore

In 2021, the amount of radio remote control apparatus exported from Singapore soared to X tons, increasing by 410% compared with the previous year. Over the period under review, exports, however, continue to indicate a perceptible reduction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, remote control apparatus exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Indonesia (X tons) and Japan (X tons) were the main destinations of remote control apparatus exports from Singapore, with a combined 65% share of total exports. These countries were followed by South Korea, India, Malaysia, China, Thailand, the Philippines, Australia, Vietnam, the Netherlands and Switzerland, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +48.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for remote control apparatus exported from Singapore were the United States ($X), Indonesia ($X) and Japan ($X), with a combined 65% share of total exports. South Korea, India, Malaysia, China, Thailand, the Philippines, Australia, Vietnam, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 28%.

Vietnam, with a CAGR of +54.8%, 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 remote control apparatus export price stood at $X per ton in 2021, increasing by 3.5% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 an increase of 12%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the Netherlands ($X per ton) and Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports into Singapore

In 2021, approx. X tons of radio remote control apparatus were imported into Singapore; jumping by 39% against 2020. Over the period under review, imports showed a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 125% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, remote control apparatus imports surged to $X in 2021. Overall, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 171%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of remote control apparatus imports to Singapore, together accounting for 63% of total imports. These countries were followed by Canada, the United States, France, the UK and Italy, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +88.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Germany ($X) appeared to be the largest remote control apparatus suppliers to Singapore, together accounting for 63% of total imports. Canada, the United States, France, the UK and Italy lagged somewhat behind, together accounting for a further 24%.

Canada, with a CAGR of +93.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average remote control apparatus import price amounted to $X per ton, rising by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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