Singapore: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Singapore

The Singaporean AC/DC motor market reduced slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a prominent increase. Consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ac/Dc Motor Production in Singapore

In value terms, AC/DC motor production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ac/Dc Motor Exports

Exports from Singapore

In 2022, overseas shipments of AC/DC motors increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, AC/DC motor exports surged to $X in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for AC/DC motor exports from Singapore, with a X% share of total exports. Moreover, AC/DC motor exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), ninefold. The third position in this ranking was taken by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Hungary (X% per year).

In value terms, Malaysia ($X), China ($X) and Australia ($X) were the largest markets for AC/DC motor exported from Singapore worldwide, with a combined X% share of total exports. Thailand, Indonesia, India, South Korea, Mexico and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hungary, with a CAGR of X%, 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

In 2022, the average AC/DC motor export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Hungary ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ac/Dc Motor Imports

Imports into Singapore

After two years of growth, overseas purchases of AC/DC motors decreased by X% to X units in 2022. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, AC/DC motor imports amounted to $X in 2022. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of AC/DC motor to Singapore, with a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest AC/DC motor suppliers to Singapore were the United States ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Germany, Mexico, France, Malaysia, Taiwan (Chinese) and Tunisia lagged somewhat behind, together comprising a further X%.

Tunisia, with a CAGR of X%, 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 AC/DC motor import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, AC/DC motor import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Tunisia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :