Report Update: May 1, 2024

Singapore - Numerically Controlled Sharpening Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Numerically Controlled Sharpening Machine in Singapore - 2022

Price for Numerically Controlled Sharpening Machine in Singapore (CIF) - 2022

The average numerically controlled sharpening machine import price stood at $807 per unit in 2022, picking up by 111% against the previous year. In general, the import price, however, showed a slight descent. Over the period under review, average import prices reached the peak figure at $892 per unit in 2012; however, from 2013 to 2022, import prices stood 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 Switzerland ($1,314 per unit), while the price for China ($180 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Numerically Controlled Sharpening Machine in Singapore (FOB) - 2022

In 2022, the average numerically controlled sharpening machine export price amounted to $113 per unit, with a decrease of -31% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 51% against the previous year. The export price peaked at $746 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($521 per unit), while the average price for exports to Malaysia ($93 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 Thailand (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Sharpening Machine in Singapore

In 2022, the amount of numerically controlled sharpening machines for working metal imported into Singapore contracted dramatically to 867 units, shrinking by -48.9% against 2021. Overall, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 473%. Imports peaked at 2.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports stood at $700K in 2022. In general, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 724%. Imports peaked at $754K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Numerically Controlled Sharpening Machine in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	407	N/A	N/A	509	7.7%
Malaysia	93.1	26.9	362	101	2.8%
Japan	1.1	2.3	0.4	40.8	233.5%
United States	9.6	8.8	4.8	18.8	25.1%
China	199	29.0	267	9.9	-63.2%
Philippines	N/A	N/A	2.0	7.3	265.0%
Others	44.5	11.9	14.2	13.2	-33.3%
Total	754	78.9	650	700	-2.4%

Top Suppliers of Numerically Controlled Sharpening Machine to Singapore in 2022:

Switzerland (387.0 units)
Japan (226.0 units)
Malaysia (91.0 units)
United States (65.0 units)
China (55.0 units)
Philippines (29.0 units)

Exports of Numerically Controlled Sharpening Machine in Singapore

In 2022, numerically controlled sharpening machine exports from Singapore shrank rapidly to 2.7K units, waning by -16.2% against 2021 figures. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 235%. The exports peaked at 3.4K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports contracted markedly to $309K in 2022. Over the period under review, exports faced a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 120% against the previous year. The exports peaked at $882K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Numerically Controlled Sharpening Machine in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	258	78.6	265	242	-2.1%
Thailand	110	62.5	12.8	39.0	-29.2%
Philippines	0.4	N/A	N/A	5.4	138.1%
Indonesia	51.6	5.3	72.5	0.1	-87.5%
Taiwan (Chinese)	144	76.3	20.1	N/A	-62.6%
Others	319	19.5	163	22.6	-58.6%
Total	882	242	534	309	-29.5%

Top Export Markets for Numerically Controlled Sharpening Machine from Singapore in 2022:

Malaysia (2593.0 units)
Thailand (75.0 units)
Philippines (44.0 units)
Indonesia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for numerically controlled sharpening machine 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 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal

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