Singapore: Screwdriver Market 2025

Screwdriver Market Size in Singapore

The Singaporean screwdriver market fell markedly to $X in 2021, waning by -85% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Screwdriver Production in Singapore

In value terms, screwdriver production stood at $X in 2021 estimated in export price. In general, production faced a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 251% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Screwdriver Exports

Exports from Singapore

In 2021, approx. X tons of screwdrivers were exported from Singapore; shrinking by -25.3% against the previous year. Overall, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 283% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, screwdriver exports reduced sharply to $X in 2021. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 207%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and China (X tons) were the main destinations of screwdriver exports from Singapore, together accounting for 44% of total exports. South Korea, Indonesia, India, Vietnam, Taiwan (Chinese), Australia, Thailand, Russia, Mexico and the United States lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +113.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for screwdriver exported from Singapore were the Philippines ($X), Malaysia ($X) and China ($X), with a combined 44% share of total exports. South Korea, Indonesia, India, Vietnam, Taiwan (Chinese), Australia, Thailand, Russia, Mexico and the United States lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Russia, with a CAGR of +201.1%, 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 screwdriver export price stood at $X per ton in 2021, falling by -38.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Australia ($X per ton) and Taiwan (Chinese) ($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 United States (-0.5%), while the prices for the other major destinations experienced a decline.

Screwdriver Imports

Imports into Singapore

In 2021, overseas purchases of screwdrivers decreased by -47.4% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 121%. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, screwdriver imports shrank rapidly to $X in 2021. In general, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 128%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main suppliers of screwdriver imports to Singapore, together comprising 69% of total imports. These countries were followed by Japan, the Czech Republic, Germany and Italy, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) were the largest screwdriver suppliers to Singapore, together accounting for 69% of total imports. Japan, the Czech Republic, Germany and Italy lagged somewhat behind, together comprising a further 23%.

The Czech Republic, with a CAGR of +29.1%, recorded the highest growth rate of 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

In 2021, the average screwdriver import price amounted to $X per ton, growing by 5.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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