Singapore: Telephonic Switching Apparatus Market 2025

Telephonic Switching Apparatus Market Size in Singapore

The Singaporean telephonic switching apparatus market reached $X in 2022, increasing by 12% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Telephonic Switching Apparatus Production in Singapore

In value terms, telephonic switching apparatus production reached $X in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 213%. Telephonic switching apparatus production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Telephonic Switching Apparatus Exports

Exports from Singapore

After two years of growth, overseas shipments of telephonic or telegraphic switching apparatus decreased by -19.3% to X units in 2022. Overall, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of X units, and then fell sharply in the following year.

In value terms, telephonic switching apparatus exports skyrocketed to $X in 2022. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 26%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), the Netherlands (X units) and Hong Kong SAR (X units) were the main destinations of telephonic switching apparatus exports from Singapore, with a combined 3.8% share of total exports. China, Japan, India, Malaysia, Taiwan (Chinese), Thailand, Australia, Indonesia, the Philippines and South Korea lagged somewhat behind, together accounting for a further 4.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +4.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the Netherlands ($X) and Hong Kong SAR ($X) appeared to be the largest markets for telephonic switching apparatus exported from Singapore worldwide, together accounting for 13% of total exports. China, Japan, India, Malaysia, Taiwan (Chinese), Thailand, Australia, Indonesia, the Philippines and South Korea lagged somewhat behind, together comprising a further 17%.

Taiwan (Chinese), with a CAGR of +16.7%, recorded the highest growth rate of 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 telephonic switching apparatus export price amounted to $X per unit, with a decrease of -32.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 41%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Japan ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Singapore

In 2022, supplies from abroad of telephonic or telegraphic switching apparatus increased by 25% to X units, rising for the eighth year in a row after two years of decline. In general, imports showed modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, telephonic switching apparatus imports soared to $X in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Malaysia (X units) and the United States (X units) were the main suppliers of telephonic switching apparatus imports to Singapore, together accounting for 29% of total imports. Indonesia, the Czech Republic, Thailand, Taiwan (Chinese), Mexico and Vietnam lagged somewhat behind, together accounting for a further 10%.

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 +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telephonic switching apparatus suppliers to Singapore were China ($X), Malaysia ($X) and the United States ($X), together accounting for 68% of total imports. Indonesia, the Czech Republic, Thailand, Taiwan (Chinese), Mexico and Vietnam lagged somewhat behind, together comprising a further 24%.

The Czech Republic, with a CAGR of +37.9%, 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 telephonic switching apparatus import price stood at $X per unit in 2021, rising by 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +8.0%. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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