Report Update: May 1, 2024

Singapore - Instruments And Apparatus For Measuring Or Checking Pressure Of Liquids Or Gasses - Market Analysis, Forecast, Size, Trends and Insights

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Test and Measurement Price in Singapore - 2022

Test and Measurement Price in Singapore (FOB) - 2022

The average test and measurement export price stood at $33 per unit in 2022, with a decrease of -23.5% against the previous year. Overall, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. As a result, the export price reached the peak level of $116 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($194 per unit), while the average price for exports to China ($7.6 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 Malaysia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Test and Measurement Price in Singapore (CIF) - 2022

In 2022, the average test and measurement import price amounted to $24 per unit, waning by -12.6% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 31%. The import price peaked at $68 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($288 per unit), while the price for the United States ($8.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Test and Measurement Exports in Singapore

In 2022, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Singapore soared to 16M units, picking up by 109% against the year before. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement exports surged to $516M in 2022. Overall, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Test and Measurement in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.4	21.7	41.9	84.9	35.1%
Malaysia	32.3	31.8	36.2	74.1	31.9%
Hong Kong SAR	20.3	31.9	34.2	63.3	46.1%
South Korea	22.6	27.1	27.0	56.8	36.0%
United States	31.8	29.9	37.3	39.0	7.0%
Indonesia	16.9	13.7	18.2	37.0	29.8%
Thailand	8.4	6.9	8.8	17.8	28.4%
Taiwan (Chinese)	9.3	6.3	7.3	17.0	22.3%
India	5.6	5.5	5.0	11.9	28.6%
Japan	44.0	24.2	50.7	9.5	-40.0%
Germany	45.7	8.3	6.9	1.6	-67.3%
Others	49.0	42.0	48.9	103	28.1%
Total	320	249	322	516	17.3%

Top Export Markets for Test and Measurement from Singapore in 2022:

China (11.2M units)
South Korea (1.1M units)
India (0.7M units)
Malaysia (0.6M units)
Hong Kong SAR (0.4M units)
Taiwan (Chinese) (0.3M units)
Thailand (0.3M units)
Indonesia (0.2M units)
United States (0.2M units)
Japan (0.1M units)
Germany (0.1M units)

Test and Measurement Imports in Singapore

In 2022, test and measurement imports into Singapore soared to 17M units, increasing by 83% on 2021 figures. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports soared to $419M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Test and Measurement in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	90.4	34.3	91.4	149	18.1%
United States	57.6	56.8	68.4	123	28.8%
Germany	13.8	8.7	12.8	26.5	24.3%
Mexico	9.1	11.2	15.1	24.5	39.1%
Others	61.0	66.5	75.0	96.2	16.4%
Total	232	178	263	419	21.8%

Top Suppliers of Test and Measurement to Singapore in 2022:

United States (14.9M units)
Malaysia (0.5M units)
Mexico (0.4M units)
Germany (0.4M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the test and measurement 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 26515271 - Electronic pressure gauges, sensors, indicators and transmitters
Prodcom 26515274 - Non-electronic spiral or metal diaphragm type pressure gauges
Prodcom 26515279 - Other instruments for measuring or checking pressure: others

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