Singapore: Starter Motor Market 2025

Starter Motor Market Size in Singapore

In 2021, the Singaporean starter motor market increased by 591% to $X, rising for the second consecutive year after two 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.

Starter Motor Production in Singapore

In value terms, starter motor production amounted to $X in 2021 estimated in export price. In general, production showed significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 57%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Starter Motor Exports

Exports from Singapore

In 2021, starter motor exports from Singapore declined notably to X units, which is down by -86.2% on 2020. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 84%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, starter motor exports fell rapidly to $X in 2021. In general, exports saw a perceptible reduction. The growth pace was the most rapid in 2019 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for starter motor exports from Singapore, with a 62% share of total exports. Moreover, starter motor exports to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+52.1% per year) and the Philippines (+20.6% per year).

In value terms, the United States ($X) remains the key foreign market for starter motors and dual purpose starter generators exports from Singapore, comprising 51% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by the Philippines, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.2% per year) and the Philippines (+30.4% per year).

Export Prices by Country

In 2021, the average starter motor export price amounted to $X per unit, rising by 113% against the previous year. Overall, the export price saw a resilient increase. As a result, the export price reached the peak level 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 Malaysia ($X per unit), while the average price for exports to the Philippines ($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 Malaysia (+75.2%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Motor Imports

Imports into Singapore

In 2021, starter motor imports into Singapore reduced to X units, falling by -14.9% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 39%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, starter motor imports soared to $X in 2021. In general, imports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of 172% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Malaysia (X units) and the United States (X units) were the main suppliers of starter motor imports to Singapore, with a combined 54% share of total imports. These countries were followed by Mexico and China, which together accounted for a further 3.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +41.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Malaysia ($X) and Mexico ($X) constituted the largest starter motor suppliers to Singapore, together accounting for 63% of total imports.

Mexico, with a CAGR of +36.7%, saw 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 mixed trend patterns.

Import Prices by Country

The average starter motor import price stood at $X per unit in 2021, increasing by 36% against the previous year. Over the period under review, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2017 an increase of 132%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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