Singapore: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Singapore

The Singaporean steam blasting machine market reduced sharply to $X in 2021, which is down by -17.6% against the previous year. Overall, consumption showed a mild reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Steam Blasting Machine Production in Singapore

In value terms, steam blasting machine production soared to $X in 2021 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 514% against the previous year. Steam blasting machine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Steam Blasting Machine Exports

Exports from Singapore

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported from Singapore; with an increase of 2% on the previous year's figure. Over the period under review, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of 113% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports reduced to $X in 2021. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. 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

Indonesia (X units), Malaysia (X units) and the Philippines (X units) were the main destinations of steam blasting machine exports from Singapore, together comprising 73% of total exports. These countries were followed by Belgium, the United States, China, Hong Kong SAR, Vietnam, Australia, South Korea and Thailand, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +356.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steam blasting machine exported from Singapore were Malaysia ($X), Indonesia ($X) and China ($X), with a combined 60% share of total exports. These countries were followed by Australia, Vietnam, the Philippines, Belgium, the United States, Hong Kong SAR, South Korea and Thailand, which together accounted for a further 22%.

Belgium, with a CAGR of +253.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average steam blasting machine export price amounted to $X per unit, falling by -12.3% against the previous year. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 95% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 Vietnam (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Blasting Machine Imports

Imports into Singapore

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported into Singapore; waning by -38.8% compared with 2020. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 399% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, steam blasting machine imports declined modestly to $X in 2021. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of 107%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of steam blasting machine imports to Singapore, together accounting for 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +43.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Italy ($X) and the United States ($X) appeared to be the largest steam blasting machine suppliers to Singapore, together accounting for 46% of total imports. These countries were followed by the UK, Germany, China, Greece and the Netherlands, which together accounted for a further 36%.

Among the main suppliers, Greece, with a CAGR of +72.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, increasing by 62% against the previous year. In general, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 369%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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