Singapore: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Singapore

The Singaporean market for coniferous wood in the rough rose rapidly to $X in 2022, growing by 9.4% against the previous year. Over the period under review, consumption saw perceptible growth. Coniferous wood in the rough consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in Singapore

In value terms, coniferous wood in the rough production expanded slightly to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 23%. Coniferous wood in the rough production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from Singapore

In 2022, after six years of growth, there was significant decline in overseas shipments of coniferous wood in the rough, when their volume decreased by -11.1% to X cubic meters. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,003% against the previous year. Over the period under review, the coniferous wood in rough exports hit record highs at X cubic meters in 2021, and then contracted in the following year.

In value terms, coniferous wood in the rough exports shrank to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 704%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

China (X cubic meters), Malaysia (X cubic meters) and Indonesia (X cubic meters) were the main destinations of coniferous wood in the rough exports from Singapore, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +98.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for coniferous wood in the rough exports from Singapore, comprising 81% of total exports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total exports. It was followed by Malaysia, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+73.0% per year) and Malaysia (+33.7% per year).

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, rising by 3.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into Singapore

After five years of growth, purchases abroad of coniferous wood in the rough decreased by -6.3% to X cubic meters in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 12,238% against the previous year. Over the period under review, coniferous wood in rough imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports reduced slightly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 9,004%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X cubic meters), New Zealand (X cubic meters) and the United States (X cubic meters) were the main suppliers of coniferous wood in the rough imports to Singapore, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +18.5%), while imports for the other leaders experienced a decline.

In value terms, Ukraine ($X) constituted the largest supplier of coniferous wood in the rough to Singapore, comprising 79% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.0% per year) and New Zealand (+8.3% per year).

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, rising by 1.8% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 84% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for New Zealand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :