Singapore: Centrifuges Market 2024

Centrifuges Market Size in Singapore

The Singaporean centrifuges market shrank rapidly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a significant contraction. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Centrifuges Production in Singapore

In value terms, centrifuges production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Centrifuges production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Centrifuges Exports

Exports from Singapore

In 2023, overseas shipments of centrifuges increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, centrifuges exports fell rapidly to $X in 2023. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and China (X units) were the main destinations of centrifuges exports from Singapore, with a combined X% share of total exports. Taiwan (Chinese), Thailand, Japan and the Philippines lagged somewhat behind, together accounting for 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 a decline.

In value terms, the largest markets for centrifuges exported from Singapore were China ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. Indonesia, Japan, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average centrifuges export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average export prices failed to regain momentum.

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

Centrifuges Imports

Imports into Singapore

For the third year in a row, Singapore recorded decline in overseas purchases of centrifuges, which decreased by X% to X units in 2023. Over the period under review, imports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, centrifuges imports skyrocketed to $X in 2023. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Malaysia (X units) were the main suppliers of centrifuges imports to Singapore, together comprising X% of total imports. The United States, the Netherlands, the UK, South Korea, Japan, India and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2023, the average centrifuges import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, 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 Poland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform