Report Update: May 1, 2024

Singapore - Machine Tools For Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Price for Machine-Tool for Working Metal in Singapore - 2022

Price for Machine-Tool for Working Metal in Singapore (CIF) - 2022

In 2022, the average machine-tool for working metal import price amounted to $265 per unit, which is down by -14.4% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. As a result, import price attained the peak level of $2,372 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Japan ($1,030 per unit), while the price for Mexico ($89 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-5.1%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tool for Working Metal in Singapore (FOB) - 2022

The average machine-tool for working metal export price stood at $850 per unit in 2022, increasing by 6.6% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The export price peaked at $3,419 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,633 per unit), while the average price for exports to Malaysia ($342 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 Indonesia (-6.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tool for Working Metal in Singapore

Machine-tool for working metal imports into Singapore shrank to 220K units in 2022, approximately equating 2021 figures. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. As a result, imports attained the peak of 223K units, and then contracted in the following year.

In value terms, machine-tool for working metal imports shrank remarkably to $58M in 2022. Overall, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $69M, and then reduced notably in the following year.

Import of Machine-Tool for Working Metal in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	27.9	12.8	32.5	27.2	-0.8%
China	6.8	4.9	8.9	10.3	14.8%
Japan	11.0	11.6	8.6	8.5	-8.2%
Germany	1.6	2.1	1.7	1.7	2.0%
United States	2.2	1.4	2.1	0.9	-25.8%
Mexico	N/A	N/A	N/A	0.4	0%
Others	11.8	9.9	15.2	9.4	-7.3%
Total	61.3	42.6	69.0	58.2	-1.7%

Top Suppliers of Machine-Tool for Working Metal to Singapore in 2022:

Malaysia (110.9K units)
China (83.2K units)
Japan (8.3K units)
United States (4.6K units)
Mexico (4.2K units)
Germany (1.8K units)

Exports of Machine-Tool for Working Metal in Singapore

In 2022, the amount of machine tools for working metal exported from Singapore shrank sharply to 50K units, dropping by -24% compared with the year before. Over the period under review, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of 66K units, and then contracted significantly in the following year.

In value terms, machine-tool for working metal exports declined remarkably to $43M in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Over the period under review, the exports reached the peak figure at $57M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Machine-Tool for Working Metal in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	17.4	8.8	9.4	14.2	-6.5%
Malaysia	7.8	4.7	5.4	5.9	-8.9%
China	7.5	2.5	7.7	4.7	-14.4%
United States	6.8	1.3	14.2	3.9	-16.9%
Italy	2.3	0.6	0.1	1.7	-9.6%
Thailand	3.4	4.1	0.4	1.5	-23.9%
Vietnam	2.5	0.7	5.7	0.9	-28.9%
Others	9.6	7.8	9.8	9.8	0.7%
Total	57.3	30.5	52.5	42.6	-9.4%

Top Export Markets for Machine-Tool for Working Metal from Singapore in 2022:

Malaysia (17.1K units)
Indonesia (12.4K units)
China (8.3K units)
United States (2.4K units)
Vietnam (2.4K units)
Thailand (1.6K units)
Italy (1.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine-tool for working metal 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 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

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