Singapore: Sulphite Wood Pulp Market 2025

Sulphite Wood Pulp Market Size in Singapore

In 2021, the Singaporean sulphite wood pulp market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Sulphite wood pulp consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Sulphite Wood Pulp Production in Singapore

In value terms, sulphite wood pulp production stood at $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -34.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Sulphite wood pulp production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Sulphite Wood Pulp Exports

Exports from Singapore

In 2021, the amount of chemical wood pulp (sulphite, other than dissolving grades) exported from Singapore amounted to X tons, approximately mirroring 2020. In general, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by 46%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sulphite wood pulp exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic decline. The growth pace was the most rapid in 2019 when exports increased by 43%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for sulphite wood pulp exports from Singapore, accounting for a 84% share of total exports. Moreover, sulphite wood pulp exports to the Philippines exceeded the volume sent to the second major destination, Indonesia (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the Philippines stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-35.0% per year) and Malaysia (-34.5% per year).

In value terms, the largest markets for sulphite wood pulp exported from Singapore were the Philippines ($X), Indonesia ($X) and Malaysia ($X), with a combined 90% share of total exports.

The Philippines, with a CAGR of -11.3%, saw 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 a decline.

Export Prices by Country

The average sulphite wood pulp export price stood at $X per ton in 2021, surging by 1.7% against the previous year. Overall, the export price posted prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 267% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the Philippines ($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 China (+139.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphite Wood Pulp Imports

Imports into Singapore

In 2021, the amount of chemical wood pulp (sulphite, other than dissolving grades) imported into Singapore expanded slightly to X tons, growing by 1.6% against 2020 figures. In general, imports, however, faced a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 173%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sulphite wood pulp imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by 104% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of sulphite wood pulp to Singapore, with a 89% share of total imports. Moreover, sulphite wood pulp imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Germany (+1.9% per year).

In value terms, Australia ($X) constituted the largest supplier of chemical wood pulp (sulphite, other than dissolving grades) to Singapore, comprising 94% of total imports. The second position in the ranking was held by Germany ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and the United States (-7.0% per year).

Import Prices by Country

The average sulphite wood pulp import price stood at $X per ton in 2021, surging by 45% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphite wood pulp import price increased by +72.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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