Singapore: Television Receiver Market 2025

Television Receiver Market Size in Singapore

In 2022, the Singaporean television receiver market increased by 83% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a strong increase. Television receiver consumption peaked in 2022 and is expected to retain growth in the near future.

Television Receiver Production in Singapore

In value terms, television receiver production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 188% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Television Receiver Exports

Exports from Singapore

In 2022, shipments abroad of television receivers decreased by -64.3% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 330% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, television receiver exports dropped notably to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 241% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for television receiver exports from Singapore, with a 71% share of total exports. Moreover, television receiver exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), tenfold. The third position in this ranking was taken by Indonesia (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+17.3% per year) and Indonesia (+6.8% per year).

In value terms, the United States ($X) remains the key foreign market for television receivers exports from Singapore, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7% share of total exports. It was followed by Malaysia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.3% per year) and Malaysia (+3.4% per year).

Export Prices by Country

The average television receiver export price stood at $X per unit in 2022, growing by 24% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Indonesia ($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 the United Arab Emirates (-0.2%), while the prices for the other major destinations experienced a decline.

Television Receiver Imports

Imports into Singapore

In 2022, overseas purchases of television receivers decreased by -48.7% to X units, falling for the second consecutive year after three years of growth. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 175% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, television receiver imports contracted significantly to $X in 2022. Over the period under review, imports saw a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest television receiver supplier to Singapore, with a 47% share of total imports. Moreover, television receiver imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Malaysia (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.5% per year) and Malaysia (-10.3% per year).

In value terms, the largest television receiver suppliers to Singapore were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined 81% share of total imports.

Vietnam, with a CAGR of +25.7%, 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 mixed trend patterns.

Import Prices by Country

The average television receiver import price stood at $X per unit in 2022, increasing by 40% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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