Singapore: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Singapore

The Singaporean electric brazing machine market declined to $X in 2023, with a decrease of X% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electric brazing machine consumption peaked at $X in 2022, and then reduced in the following year.

Electric Brazing Machine Production in Singapore

In value terms, electric brazing machine production fell to $X in 2023 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Electric Brazing Machine Exports

Exports from Singapore

In 2023, after two years of growth, there was significant decline in overseas shipments of electric brazing or soldering machines and apparatus, when their volume decreased by X% to X units. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, electric brazing machine exports contracted remarkably to $X in 2023. Overall, exports, however, posted mild growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for electric brazing machine exports from Singapore, accounting for a X% share of total exports. Moreover, electric brazing machine exports to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Indonesia (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for electric brazing machine exported from Singapore were Malaysia ($X), Taiwan (Chinese) ($X) and the United States ($X), together comprising X% of total exports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric brazing machine export price stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, saw a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Malaysia ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports into Singapore

Electric brazing machine imports into Singapore declined notably to X units in 2023, with a decrease of X% on 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2022, and then reduced sharply in the following year.

In value terms, electric brazing machine imports fell dramatically to $X in 2023. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

Malaysia (X units), China (X units) and Indonesia (X units) were the main suppliers of electric brazing machine imports to Singapore, together accounting for X% of total imports. Japan, Italy, Taiwan (Chinese), Switzerland, the United States, the UK and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of electric brazing or soldering machines and apparatus to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

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

Import Prices by Country

In 2023, the average electric brazing machine import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild slump. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform