Report Update: May 1, 2024

Singapore - Endless Bands For Machinery, Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Endless Machinery Band Price in Singapore - 2022

Endless Machinery Band Price in Singapore (FOB) - 2022

The average endless machinery band export price stood at $4 per square meter in 2022, shrinking by -21.3% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2020 when the average export price increased by 52% against the previous year. The export price peaked at $7.8 per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($4.8 per square meter), while the average price for exports to Indonesia stood at $3.7 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.8%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Price in Singapore (CIF) - 2022

In 2022, the average endless machinery band import price amounted to $9.5 per square meter, increasing by 15% against the previous year. In general, the import price recorded a significant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 137%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($14 per square meter), while the price for Malaysia ($2.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Endless Machinery Band Exports in Singapore

In 2022, the amount of endless bands for machinery, of stainless steel exported from Singapore shrank rapidly to 14K square meters, waning by -60.6% on 2021 figures. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs at 43K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports shrank dramatically to $56K in 2022. In general, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of $181K, and then dropped dramatically in the following year.

Export of Endless Machinery Band in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	31.0	57.5	106	38.3	7.3%
Malaysia	86.9	36.9	24.5	17.8	-41.1%
South Korea	1.2	N/A	18.9	N/A	296.9%
South Sudan	7.1	N/A	N/A	N/A	0%
United Kingdom	5.4	2.0	N/A	N/A	-63.0%
Egypt	0.7	N/A	N/A	N/A	0%
Taiwan (Chinese)	N/A	N/A	27.0	N/A	0%
Others	5.7	3.8	4.8	N/A	-8.2%
Total	138	100	181	56.1	-25.9%

Top Export Markets for Endless Machinery Band from Singapore in 2022:

Indonesia (10.3K square meters)
Malaysia (3.7K square meters)

Endless Machinery Band Imports in Singapore

In 2022, purchases abroad of endless bands for machinery, of stainless steel decreased by -24.5% to 16K square meters, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of 41K square meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, endless machinery band imports declined to $148K in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $170K, and then shrank in the following year.

Import of Endless Machinery Band in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.2	1.4	101	86.9	92.4%
Germany	37.1	24.7	11.4	20.8	-17.5%
China	40.9	17.5	7.3	18.6	-23.1%
Taiwan (Chinese)	1.4	3.9	17.1	14.8	119.5%
United Kingdom	21.4	1.2	1.3	6.8	-31.8%
Switzerland	N/A	N/A	2.2	N/A	0%
Slovakia	N/A	36.2	17.8	N/A	-50.8%
Australia	7.6	N/A	N/A	N/A	0%
India	N/A	38.1	N/A	N/A	0%
Netherlands	8.7	N/A	N/A	N/A	0%
Others	1.1	21.4	12.4	0.4	-28.6%
Total	130	144	170	148	4.4%

Top Suppliers of Endless Machinery Band to Singapore in 2022:

United States (6.2K square meters)
Taiwan (Chinese) (3.7K square meters)
China (2.3K square meters)
Germany (1.7K square meters)
United Kingdom (1.5K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the endless machinery band market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931313 - Endless bands for machinery, of stainless steel

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023