Singapore: Vices And Clamps Market 2025

Vices And Clamps Market Size in Singapore

The Singaporean vices and clamps market shrank notably to $X in 2022, which is down by -82.5% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vices And Clamps Production in Singapore

In value terms, vices and clamps production amounted to less than $X in 2022 estimated in export price. Overall, production showed a sharp decrease. The growth pace was the most rapid in 2014 when the production volume increased by 123%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vices And Clamps Exports

Exports from Singapore

In 2022, the amount of vices and clamps exported from Singapore declined markedly to X tons, falling by -42.3% against the previous year's figure. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 369%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vices and clamps exports contracted sharply to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 239%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Malaysia (X tons) and Brunei Darussalam (X tons) were the main destinations of vices and clamps exports from Singapore, together accounting for 47% of total exports. Indonesia, the Philippines, Thailand, China, Ecuador, the United Arab Emirates, Vietnam, India, the UK and Australia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +59.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vices and clamps exported from Singapore were the United States ($X), Malaysia ($X) and Brunei Darussalam ($X), together accounting for 47% of total exports. Indonesia, the Philippines, Thailand, China, Ecuador, the United Arab Emirates, Vietnam, India, the UK and Australia lagged somewhat behind, together comprising a further 40%.

Ecuador, with a CAGR of +58.9%, recorded the highest growth rate of the value of exports, among 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

The average vices and clamps export price stood at $X per ton in 2022, surging by 3.9% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vices and clamps export price decreased by -35.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Brunei Darussalam ($X per ton) and the Philippines ($X per ton), while the average price for exports to Ecuador ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Singapore

In 2022, imports of vices and clamps into Singapore dropped modestly to X tons, which is down by -3.2% against the year before. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vices and clamps imports rose markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of vices and clamps imports to Singapore, with a combined 71% share of total imports. Thailand, Malaysia, Taiwan (Chinese), Italy, the UK, the Netherlands, Germany, South Korea and Indonesia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Thailand ($X) constituted the largest vices and clamps suppliers to Singapore, together accounting for 67% of total imports. Japan, Malaysia, Taiwan (Chinese), the UK, Italy, Germany, the Netherlands, South Korea and Indonesia lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Italy, with a CAGR of +16.2%, 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

The average vices and clamps import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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