Singapore: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Singapore

The Singaporean vapour generating boiler market surged to $X in 2021, with an increase of 54% against the previous year. Overall, consumption recorded modest growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vapour Generating Boiler Production in Singapore

In value terms, vapour generating boiler production soared to $X in 2021 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 101% against the previous year. Vapour generating boiler production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vapour Generating Boiler Exports

Exports from Singapore

In 2021, the amount of vapour generating boilers exported from Singapore plummeted to X tons, falling by -76.9% on the previous year's figure. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 719%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour generating boiler exports shrank remarkably to $X in 2021. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 570%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of vapour generating boiler exports from Singapore, together accounting for 73% of total exports. Hong Kong SAR, Maldives, France, Japan and Malaysia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +101.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vapour generating boiler exported from Singapore were Iraq ($X), Vietnam ($X) and Indonesia ($X), together accounting for 73% of total exports. These countries were followed by Hong Kong SAR, Maldives, France, Japan and Malaysia, which together accounted for a further 22%.

France, with a CAGR of +106.7%, 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 vapour generating boiler export price amounted to $X per ton, with an increase of 6.9% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Malaysia ($X per ton) and Japan ($X per ton), while the average price for exports to Iraq ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Vapour Generating Boiler Imports

Imports into Singapore

In 2021, overseas purchases of vapour generating boilers increased by 2.4% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 134%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, vapour generating boiler imports declined to $X in 2021. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 155%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of vapour generating boiler imports to Singapore, with a combined 71% share of total imports. Indonesia, the Netherlands, the United States, Japan and Belgium lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest vapour generating boiler suppliers to Singapore, together comprising 71% of total imports. Indonesia, the Netherlands, the United States, Japan, Belgium and India lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Indonesia, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vapour generating boiler import price amounted to $X per ton, waning by -4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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