Find an extensive collection of market research reports on Singapore in our online store. A profound industry analysis, an economic review, examination of most recent developments, figures as well as statistics – these are only some of the data found in the studies.
Overview of Singapore
Singapore, a city state in South East Asia, became an independent country in 1965. With a land area of 633 square kilometers, it is made up of the main Island (Pulau Ujong) and about 50 other small islands. Singapore has an equatorial climate and large areas of tropical rainforests.
The overall country’s population is 5.2 million, with Singapore City, the capital, being home to 3.5 million residents. 75% of the population is of Chinese background, 17% of them come from Malaysia, and 8% - of Indian origin. Overseas workers account for 50% of the total population. It is the second most densely populated nation worldwide, after Monaco.
The country boasts one of the globe’s highest standards of living. Its currency is Singapore dollar.
Economic structure
The country has a highly developed successful free market economy. It has stable prices with inflation at 4.6% in 2012. It relies heavily on exports of consumer electronics, IT products, pharmaceuticals, and also on a strong financial sector.
From 2004 to 2007, the GDP grew at a rate of 8.6%. With the global financial crisis of 2009 it suffered badly and only grew by 0.8% but then rebounded in 2010 with a staggering growth of 14.8% - third in the world after Qatar and Paraguay. This slowed in 2011 to 5.2% and 1.3% in 2012 with demand for export products dwindling during the Euro crisis. The GDP was valued at USD 251.5 billion in 2012. 26.8% was generated by industry and 73.2% by the service centre. Unemployment stood at 1.9% in 2012.
Singapore's main export partners are Malaysia, the USA, Hog Kong, China, Indonesia, Japan, Australia, and South Korea.
Its import partners are Malaysia, the USA, China, South Korea, Indonesia, Saudi Arabia, and the UAE.
Industry Analysis
Electronics industry
In 2012, the electronics industry contributed 78.1 billion Singapore dollars to the economy. It is responsible for 38.8% of all investment, and it employs 80,000 people.
This sector includes: 14 silicon wafer fabrication plants; 11 of the world's top 20 integrated device manufacturers; 20 semiconductor operations; top 3 hard disk manufacturers; 4 of the world's top 5 electronic manufacturing service providers;
The leading companies based in the country include, among others, Seagate Technology, STMicroelectronics, Murate Manufacturing Co, and Ventura Corporation.
Sales of consumer electronics were strong in 2012-2013 mainly due to the strong markets for smartphones, tablets and portable laptops. The market is predicted to remain buoyant as consumers tend to upgrade to novel versions of these smart devices as they become available.
Banking and Finance
Singapore has turned into the finance and banking centre of Southeast Asia, with companies including wealth management firms, international banks, and other financial establishments. Banking, insurance and foreign exchange have been the main growth areas in the sector. Singapore’s geographical posiiton and telecom network makes possible and convenientto trade 24 hours a day. The country is home to several prominent names in the industry, including Prudential, BNP Paribas, Credit Suisse, Barclays Capital, etc. The sector grew by over 5% in 2011.
Tourism
A growth of 12% in the tourist industry of Singapore is predicted by 2015; it is expected that 17 million people will visit and contribute 30 billion Singapore dollars to the domestic industry. Two integrated resorts were completed in 2011, and the revenues generated by the casino amounted to 1.7% of the nation’s GDP. The country has aimed at world class tourist facilities, and it is succeeding with its airline (Singapore airlines), its airport and Shangri La hotel – all having won world's best awards in recent years. Singapore has begun to attract tourists from other Asian countries like China, India and Malaysia. It has also begun to look at niche tourism such as medical tourism, business tourism and retail tourism. World class sporting events, such as the Formula 1 Grand Prix, have also raised the country's international profile.
Chemicals
The local chemical industry is growing at a fast race due to the government’s increased focus on the sector development. The country is deemed to be among the 10 leading petrochemical centers globally. It is a leader in the oil refining business and is among the top 3 oil trading hubs worldwide. Some of the dominant domestic companies comprise Sumitomo Chemical, Exxon Mobil, and Shell. Jurong Island houses 94 firms operating in the sector, who have made an investment of 31 billion Singapore dollars in fixed assets on this site. Chemicals were responsible for 37% of the country’s GDP in 2010.
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Cough, Cold and Allergy (Hay Fever) Remedies in Singapore
US$ 990.00
... efforts to increase consumer knowledge and visibility. Euromonitor International's Cough, Cold and Allergy (Hay Fever) Remedies in Singapore report offers a comprehensive guide to the size and ...
October 2023
25 pages
Digestive Remedies in Singapore
US$ 990.00
... such as reflux, indigestion and heartburn. Consumers turn to OTC digestive remedies to... Euromonitor International's Digestive Remedies in Singapore report offers a comprehensive guide to the size and shape ...
October 2023
23 pages
Eye Care in Singapore
US$ 990.00
... of dry eyes. As the prevalence of such eye conditions increases there is growing demand for eye care products. Euromonitor International's Eye Care in Singapore report offers ... market is set to change. Product coverage: Allergy Eye Care, Standard Eye Care. Data coverage: market sizes (historic and forecasts), ...
October 2023
21 pages
Herbal/Traditional Products in Singapore
US$ 990.00
... in Singapore, herbal/traditional products is benefiting from consumers increasing appreciation of “natural” ingredients, which are considered to have relatively few side effects. Herbal/traditional topical analgesics and herbal/traditional ...
October 2023
24 pages
NRT Smoking Cessation Aids in Singapore
US$ 990.00
... brand. Considering that NRT smoking cessation aids are only available behind-the-cou... Euromonitor International's NRT Smoking Cessation Aids in Singapore report offers a comprehensive ... report? Get a detailed picture of the NRT Smoking Cessation Aids market; Pinpoint growth sectors and identify factors ...
October 2023
22 pages
Sports Nutrition in Singapore
US$ 990.00
... beyond body-builders and serious gym-goers. Euromonitor International's Sports Nutrition in Singapore report offers a comprehensive guide to the size and shape of the ... data. Why buy this report? Get a detailed picture of the Sports Nutrition market; Pinpoint growth sectors and identify factors driving change ...
October 2023
22 pages
Wound Care in Singapore
US$ 990.00
... strategy to entice consumers, further constraining value growth. Euromonitor International's Wound Care in Singapore report offers a comprehensive guide to the size and shape of the ... coverage: First Aid Kits, Gauze, Tape and Other Wound Care, Sticking Plasters/Adhesive Bandages. Data coverage: market sizes ...
October 2023
21 pages
Dermatologicals in Singapore
US$ 990.00
... Series product range suited to eczema-prone... Euromonitor International's Dermatologicals in Singapore report offers a comprehensive guide to the size and ... Medicated Shampoos, Nappy (Diaper) Rash Treatments, Paediatric Dermatologicals, Topical Allergy Remedies/Antihistamines, Topical Antifungals, Topical ...
October 2023
24 pages
Consumer Health in Singapore
US$ 2,650.00
The Singapore consumer health market maintained steady growth in 2018, as busy consumer lifestyles and modern working conditions contributed to ... an information-rich environment due to constant... Euromonitor International's Consumer Health in Singapore report offers a comprehensive guide to the size and shape ...
October 2023
108 pages
Airlines in Singapore
US$ 990.00
... dominated long-haul travel. Scoot, the low-cost subsidiary of Singapore Airlines, launched its third long-haul destination – to Berlin – in ... mid-2018, following on from Athens and Ho... Euromonitor International's Airlines in Singapore report offers a comprehensive guide to the size and shape of the ...
October 2023
14 pages
Travel in Singapore
US$ 2,100.00
... few high-profile events held in Singapore and improved connectivity boosted the travel industry. The launch of the Crazy ... strategic promotions have enhanced Singapore as an attractive travel destination. The positive growth of the t... Euromonitor International's Travel in Singapore report offers a ...
October 2023
45 pages
Sleep Aids in Singapore
US$ 990.00
... remain a common issue. As a result, demand for sleep aids is expected... Euromonitor International's Sleep Aids in Singapore report offers a comprehensive guide to the size and ... Why buy this report? Get a detailed picture of the Sleep Aids market; Pinpoint growth sectors and identify factors driving change ...
October 2023
21 pages
Weight Management and Wellbeing in Singapore
US$ 990.00
... to fill nutritional gaps in their diets. Euromonitor International's Weight Management and Wellbeing in Singapore report offers a comprehensive guide to the size and shape ... this report? Get a detailed picture of the Weight Management and Wellbeing market; Pinpoint growth sectors and identify factors driving ...
October 2023
23 pages
Tourism Flows in Singapore
US$ 990.00
... spending less, and spending less time in Singapore. It is crucial for the Singapore Tourism Board to convert more day trippers to overnight ... spending on accommodation and provide a boost to tourism receipts. Euromonitor International's Tourism Flows in Singapore report offers a comprehensive guide to the size ...
October 2023
24 pages
Dietary Supplements in Singapore
US$ 990.00
Dietary supplements is fragmented in Singapore, with competition between brands intense. Consequently, companies are investing in ... advertised for its skin benefits, there remain... Euromonitor International's Dietary Supplements in Singapore report offers a comprehensive guide to the size and shape of the ...
October 2023
25 pages
Paediatric Consumer Health in Singapore
US$ 990.00
... and the high cost of raising children in Singapore. The paediatric consumer health category is also being challenged as Singaporean parents ... the potential side effects of various med... Euromonitor International's Paediatric Consumer Health in Singapore report offers a comprehensive guide to the size and ...
October 2023
25 pages
Vitamins in Singapore
US$ 990.00
... specific positioning is expected to continue to support growt... Euromonitor International's Vitamins in Singapore report offers a comprehensive guide to the size and shape of ... and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, ...
October 2023
23 pages
Mobility in Singapore
US$ 250.00
In 2022, Singapore witnessed resurgence in light vehicle and car rental sales, although it was slowed by rising prices of certificates of entitlement (COE). Singapore’s commitment to reduce land trans...
October 2023
21 pages
Booking in Singapore
US$ 990.00
Business travel is experiencing a significant rebound in 2023, driven by the recovery of MICE events (Meetings, Incentives, Conferences, and Exhibitions), and complemented by sustainable initiatives....
October 2023
15 pages
Lodging (Destination) in Singapore
US$ 990.00
In 2023, the average daily room rate in Singapore, across different hotel tiers, continued to reach an all-time high due to two major reasons, namely the labour shortage and increased demand from Chin...
October 2023
19 pages
Meals and Soups Packaging in Singapore
US$ 990.00
Following a surge in demand in 2020, driven by pandemic-induced home seclusion, meals and soups packaging recorded a second consecutive year of retail unit volume decline in 2022 to sit below 2019 lev...
October 2023
7 pages
Plant-Based Dairy Packaging in Singapore
US$ 990.00
The solid growth recorded by plant-based milk packaging in 2022, as the largest retail unit volume category within plant-based dairy packaging in Singapore, was attributed to a global shift towards pl...
October 2023
7 pages
Sauces, Dips and Condiments Packaging in Singapore
US$ 990.00
Whilst holding marginally lower retail unit volume share compared to 2020, when pandemic-induced home seclusion led to a surge in home cooking and the reliance on various sauces, dips, and condiments,...
October 2023
7 pages
Singapore Household Products Market to 2027
US$ 350.00
Singapore Household Products Market to 2027 Household Products in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (v...
October 2023
42 pages
Megatrends in Singapore
US$ 1,325.00
This Megatrends report highlights long-term trends resulting from shifts in consumer values and behaviour. It provides a summary of each of Euromonitor International’s 10 focus megatrends and insights...
October 2023
76 pages
Fine Wines/Champagne and Spirits in Singapore
US$ 990.00
... Euromonitor International's Fine Wines/Champagne and Spirits in Singapore report offers a comprehensive guide to the size and shape of the Fine Wines/Champagne and Spirits market at a ... influencing the market and their effects on Fine Wines/Champagne and Spirits retailing along with the development of ...
October 2023
21 pages
Luxury Goods in Singapore
US$ 1,210.00
... among locals which is derived from the macroeconomi... Euromonitor International's Luxury Goods in Singapore report offers a comprehensive guide to the size and shape of the ...
October 2023
46 pages
Personal Luxury in Singapore
US$ 990.00
... net worth individuals in Singapore, with this coupled with improved consumer confidence among locals helping personal luxury to record stronger ... government’s decision in 2018 to reduce ta... Euromonitor International's Personal Luxury in Singapore report offers a comprehensive guide to the size and shape ...
October 2023
28 pages
