Singapore: Ride-On Compaction Equipment Market 2025

Ride-On Compaction Equipment Market Size in Singapore

The Singaporean ride-on compaction equipment market totaled $X in 2022, leveling off at the previous year. Overall, consumption saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Ride-On Compaction Equipment Production in Singapore

In value terms, ride-on compaction equipment production totaled less than $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth was the most pronounced in 2015 when the production volume increased by 264% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Singapore

In 2022, overseas shipments of ride-on compaction equipment increased by 323% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for ride-on compaction equipment exports from Singapore, accounting for a 84% share of total exports. Moreover, ride-on compaction equipment exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X units), tenfold. Indonesia (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+23.9% per year) and Indonesia (-19.0% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for ride-on compaction equipment exports from Singapore, comprising 62% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.1% per year) and Indonesia (-21.0% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, declining by -55.1% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2013 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.2%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Singapore

Ride-on compaction equipment imports into Singapore shrank sharply to X units in 2022, declining by -19.5% compared with 2021. Overall, imports recorded a mild reduction. The growth pace was the most rapid in 2015 with an increase of 88% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports fell to $X in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 38%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ride-on compaction equipment to Singapore, accounting for a 37% share of total imports. Moreover, ride-on compaction equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by India (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.2% per year) and India (+25.5% per year).

In value terms, the largest ride-on compaction equipment suppliers to Singapore were India ($X), China ($X) and Germany ($X), with a combined 76% share of total imports. Colombia, the United States, Japan, South Korea and Malaysia lagged somewhat behind, together comprising a further 16%.

Malaysia, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, increasing by 7.6% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 76%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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