Singapore: Wood Dryer Market 2025

Wood Dryer Market Size in Singapore

In 2021, after two years of growth, there was decline in the Singaporean wood dryer market, when its value decreased by -0.4% to $X. Overall, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wood Dryer Production in Singapore

In value terms, wood dryer production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 779% against the previous year. Wood dryer production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Wood Dryer Exports

Exports from Singapore

In 2021, shipments abroad of dryers for wood, paper pulp, paper or paperboard increased by 171% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2013 with an increase of 4,463%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wood dryer exports surged to $X in 2021. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 4,620%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X units), Brunei Darussalam (X units) and Indonesia (X units) were the main destinations of wood dryer exports from Singapore, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +59.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for dryers for wood, paper pulp, paper or paperboard exports from Singapore, comprising 30% of total exports. The second position in the ranking was held by Seychelles ($X), with a 1.2% share of total exports. It was followed by Myanmar, with a 1% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+29.2% per year) and Myanmar (-10.0% per year).

Export Prices by Country

The average wood dryer export price stood at $X per unit in 2021, which is down by -29.4% against the previous year. In general, the export price saw a sharp downturn. The growth pace was the most rapid in 2014 when the average export price increased by 91% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.6%), while the prices for the other major destinations experienced a decline.

Wood Dryer Imports

Imports into Singapore

In 2021, supplies from abroad of dryers for wood, paper pulp, paper or paperboard increased by 113% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 789%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wood dryer imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 1,469%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X units) constituted the largest wood dryer supplier to Singapore, accounting for a 72% share of total imports. Moreover, wood dryer imports from the Philippines exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from the Philippines was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.0% per year) and Germany (-9.7% per year).

In value terms, China ($X) constituted the largest supplier of dryers for wood, paper pulp, paper or paperboard to Singapore, comprising 2.1% of total imports. The second position in the ranking was taken by Poland ($X), with a 0.7% share of total imports. It was followed by Germany, with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.4% per year) and Germany (-13.2% per year).

Import Prices by Country

The average wood dryer import price stood at $X per unit in 2021, rising by 46% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 85% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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