Singapore: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Singapore

The Singaporean market for machine-tools for working stone, ceramics, and concrete expanded significantly to $X in 2023, increasing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Singapore

In value terms, machine tools for working stone production fell markedly to $X in 2023 estimated in export price. Overall, production, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Singapore

In 2023, the amount of machine-tools for working stone, ceramics, and concrete exported from Singapore dropped sharply to X units, declining by X% on 2022 figures. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tools for working stone exports shrank markedly to $X in 2023. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Indonesia (X units) and Vietnam (X units) were the main destinations of machine tools for working stone exports from Singapore, together comprising X% of total exports. Japan, South Korea, China and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and South Korea ($X) constituted the largest markets for machine tools for working stone exported from Singapore worldwide, with a combined X% share of total exports. Japan, China, the Philippines and Vietnam lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, 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

In 2023, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Singapore

In 2023, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Singapore; which is down by X% on 2022. Overall, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, machine tools for working stone imports declined markedly to $X in 2023. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest machine tools for working stone supplier to Singapore, accounting for a X% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Singapore, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and China (X% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2023, growing by X% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform