Singapore: Market for Builders' Joinery And Carpentry Of Wood 2025

Market Size for Builders' Joinery And Carpentry Of Wood in Singapore

The Singaporean wooden joinery and carpentry market soared to $X in 2021, growing by 21% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Singapore

In value terms, wooden joinery and carpentry production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.1% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 108% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Singapore

Wooden joinery and carpentry exports from Singapore reduced to X tons in 2021, which is down by -13.5% compared with the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by 109%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports shrank to $X in 2021. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when exports increased by 150%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for wooden joinery and carpentry exports from Singapore, accounting for a 30% share of total exports. Moreover, wooden joinery and carpentry exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Israel (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-7.1% per year) and Israel (+37.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for builders' joinery and carpentry of wood exports from Singapore, comprising 33% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports. It was followed by Israel, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-4.3% per year) and Israel (+41.9% per year).

Export Prices by Country

In 2021, the average wooden joinery and carpentry export price amounted to $X per ton, with an increase of 2.4% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden joinery and carpentry export price increased by +54.2% against 2015 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Singapore

In 2021, overseas purchases of builders' joinery and carpentry of wood were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a noticeable decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a noticeable decline. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Austria (X tons) and China (X tons) were the main suppliers of wooden joinery and carpentry imports to Singapore, together accounting for 81% of total imports. These countries were followed by South Korea, Japan, Indonesia, Myanmar, the United States, Germany and Vietnam, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Austria ($X) were the largest wooden joinery and carpentry suppliers to Singapore, with a combined 81% share of total imports. Indonesia, Myanmar, Japan, South Korea, the United States, Germany and Vietnam lagged somewhat behind, together comprising a further 11%.

Myanmar, with a CAGR of +59.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden joinery and carpentry import price amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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