Singapore: Market for Television, Video and Digital Cameras 2024

Market Size for Television, Video and Digital Cameras in Singapore

The Singaporean market for television, video and digital cameras declined significantly to $X in 2022, reducing by -40.9% against the previous year. In general, consumption saw a abrupt curtailment. Television, video and digital camera consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Television, Video and Digital Cameras in Singapore

In value terms, television, video and digital camera production rose modestly to $X in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 164%. Television, video and digital camera production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Television, Video and Digital Cameras

Exports from Singapore

Television, video and digital camera exports from Singapore surged to X units in 2022, with an increase of 26% compared with the year before. Over the period under review, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2016 when exports increased by 140% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, television, video and digital camera exports surged to $X in 2022. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 127%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and Indonesia (X units) were the main destinations of television, video and digital camera exports from Singapore, together accounting for 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and China ($X) appeared to be the largest markets for television, video and digital camera exported from Singapore worldwide, with a combined 41% share of total exports.

Among the main countries of destination, China, with a CAGR of +18.6%, saw the highest growth rate of 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 export price for television, video and digital cameras stood at $X per unit in 2022, waning by -6.6% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bangladesh ($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 Vietnam (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Television, Video and Digital Cameras

Imports into Singapore

In 2022, purchases abroad of television, video and digital cameras decreased by -3.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, television, video and digital camera imports shrank to $X in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Malaysia (X units) and Thailand (X units) were the main suppliers of television, video and digital camera imports to Singapore, with a combined 73% share of total imports. Indonesia, Taiwan (Chinese), Mexico, Germany, Vietnam, Japan and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest television, video and digital camera suppliers to Singapore were China ($X), Japan ($X) and Malaysia ($X), with a combined 51% share of total imports. Thailand, Germany, Taiwan (Chinese), Indonesia, Vietnam, Mexico and Hong Kong SAR lagged somewhat behind, together accounting for a further 28%.

Mexico, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for television, video and digital cameras stood at $X per unit in 2022, dropping by -6.6% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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