Singapore: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Singapore

The Singaporean metal threading machine market contracted remarkably to $X in 2021, falling by -69.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a precipitous contraction. Metal threading machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Singapore

In 2021, approx. X units of threading or tapping machines for working metal were exported from Singapore; jumping by 142% against 2020. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 494%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal threading machine exports surged to $X in 2021. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 515%. 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) was the main destination for metal threading machine exports from Singapore, with a 44% share of total exports. Moreover, metal threading machine exports to Indonesia exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was held by Hong Kong SAR (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.7% per year) and Hong Kong SAR (+22.4% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Singapore, comprising 44% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.2% per year) and Hong Kong SAR (+19.0% per year).

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, shrinking by -30.3% against the previous year. In general, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and Egypt ($X per unit), while the average price for exports to the Philippines ($X per unit) and Indonesia ($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 Thailand (-2.8%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Singapore

In 2021, imports of threading or tapping machines for working metal into Singapore skyrocketed to X units, picking up by 34% on 2020 figures. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 161% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal threading machine imports surged to $X in 2021. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 154%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest metal threading machine supplier to Singapore, with a 64% share of total imports. Moreover, metal threading machine imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by China (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.3% per year) and China (-4.1% per year).

In value terms, Japan ($X) constituted the largest supplier of threading or tapping machines for working metal to Singapore, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.1% per year) and China (-5.1% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Japan ($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 United States (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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