Singapore: Stationery Market 2024

Stationery Market Size in Singapore

The Singaporean stationery market shrank to $X in 2022, waning by -9.1% against the previous year. Overall, consumption saw a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Stationery Production in Singapore

In value terms, stationery production contracted slightly to $X in 2022 estimated in export price. In general, production faced a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 8.1%. Stationery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Stationery Exports

Exports from Singapore

In 2022, overseas shipments of articles of stationery were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a sharp slump. The pace of growth appeared the most rapid in 2018 with an increase of 1%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stationery exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 1.7% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons), the United States (X tons) and Brunei Darussalam (X tons) were the main destinations of stationery exports from Singapore, together accounting for 46% of total exports. Australia, Indonesia, Pakistan, Mauritius, China, Myanmar, Papua New Guinea, Hong Kong SAR, Thailand and Vietnam lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stationery exported from Singapore were Australia ($X), Malaysia ($X) and Indonesia ($X), with a combined 36% share of total exports. Brunei Darussalam, the United States, China, Pakistan, Thailand, Papua New Guinea, Myanmar, Hong Kong SAR, Vietnam and Mauritius lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, China, with a CAGR of +11.3%, 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 stationery export price stood at $X per ton in 2022, declining by -9.7% against the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stationery Imports

Imports into Singapore

In 2022, the amount of articles of stationery imported into Singapore was estimated at X tons, rising by 2.3% compared with 2021 figures. In general, imports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of 18%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stationery imports reached $X in 2022. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) were the main suppliers of stationery imports to Singapore, together accounting for 70% of total imports. Taiwan (Chinese), the United States, Indonesia and Japan lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stationery suppliers to Singapore were China ($X), Malaysia ($X) and the United States ($X), together comprising 70% of total imports. Indonesia, Taiwan (Chinese), Japan and Hong Kong SAR lagged somewhat behind, together accounting for a further 14%.

Taiwan (Chinese), with a CAGR of +3.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average stationery import price stood at $X per ton in 2022, increasing by 4.9% against the previous year. In general, the import price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a 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 ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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