Singapore: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Singapore

In 2022, the Singaporean x-ray apparatus market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

X-Ray Apparatus Production in Singapore

In value terms, x-ray apparatus production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 210% against the previous year. X-ray apparatus production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

X-Ray Apparatus Exports

Exports from Singapore

In 2022, shipments abroad of x-ray apparatus increased by 7.6% to X units, rising for the third consecutive year after three years of decline. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +44.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 123%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, x-ray apparatus exports contracted to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 90% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), Canada (X units) and the United States (X units) were the main destinations of x-ray apparatus exports from Singapore, with a combined 45% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and Malaysia ($X) were the largest markets for x-ray apparatus exported from Singapore worldwide, together accounting for 33% of total exports. China, Hong Kong SAR, Vietnam, Japan, India, the Philippines, Indonesia, Australia, Taiwan (Chinese) and Canada lagged somewhat behind, together accounting for a further 45%.

Canada, with a CAGR of +85.8%, saw 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

In 2022, the average x-ray apparatus export price amounted to $X per unit, declining by -18.1% against the previous year. Over the period under review, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Canada ($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 India (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports into Singapore

In 2022, approx. X units of x-ray apparatus were imported into Singapore; with an increase of 33% against 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 23%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), the United States (X units) and China (X units) were the main suppliers of x-ray apparatus imports to Singapore, with a combined 62% share of total imports. Malaysia, Germany, France, the UK, South Korea, the Netherlands and Finland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest x-ray apparatus suppliers to Singapore, with a combined 65% share of total imports. Malaysia, China, France, the Netherlands, the UK, South Korea and Finland lagged somewhat behind, together comprising a further 30%.

Malaysia, with a CAGR of +13.1%, 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

In 2022, the average x-ray apparatus import price amounted to $X per unit, which is down by -20.1% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 11%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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