Singapore: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Singapore

In 2022, the Singaporean non-electronic hydro- and hygrometers market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a dramatic curtailment. Non-electronic hydro- and hygrometers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Singapore

In value terms, non-electronic hydro- and hygrometers production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Singapore

In 2022, overseas shipments of non-electronic hydro-, hygro-, psychrometers increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt descent. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X units) was the main destination for non-electronic hydro- and hygrometers exports from Singapore, with a X% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. Malaysia (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, Vietnam ($X), the United States ($X) and Malaysia ($X) were the largest markets for non-electronic hydro- and hygrometers exported from Singapore worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($X per unit), while the average price for exports to Hong Kong SAR ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Singapore

In 2022, imports of non-electronic hydro-, hygro-, psychrometers into Singapore contracted to X units, with a decrease of X% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports reached $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Singapore, with a X% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Singapore were the United States ($X), China ($X) and Indonesia ($X), with a combined X% share of total imports. Hong Kong SAR, Germany, Denmark, Mexico, Taiwan (Chinese), Switzerland and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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