Singapore: Envelope Market 2025

Envelope Market Size in Singapore

In 2021, the Singaporean envelope market increased by 15% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Envelope Production in Singapore

In value terms, envelope production reduced notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 219% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell rapidly in the following year.

Envelope Exports

Exports from Singapore

After four years of growth, shipments abroad of envelopes decreased by -19.2% to X tons in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 29%. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted notably in the following year.

In value terms, envelope exports fell to $X in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.4% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 29% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Australia (X tons) was the main destination for envelope exports from Singapore, accounting for a 34% share of total exports. Moreover, envelope exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+85.1% per year) and Malaysia (+10.3% per year).

In value terms, Australia ($X) remains the key foreign market for envelopes exports from Singapore, comprising 36% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Malaysia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+85.2% per year) and Malaysia (+10.0% per year).

Export Prices by Country

In 2021, the average envelope export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to the UK ($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 Indonesia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Envelope Imports

Imports into Singapore

In 2021, supplies from abroad of envelopes was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.0% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 45%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, envelope imports soared to $X in 2021. Overall, total imports indicated temperate growth 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, imports increased by +12.5% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 42%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest envelope supplier to Singapore, with a 57% share of total imports. Moreover, envelope imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.3% per year) and Hong Kong SAR (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of envelopes to Singapore, comprising 57% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 28% share of total imports. It was followed by Hong Kong SAR, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.7% per year) and Hong Kong SAR (-5.4% per year).

Import Prices by Country

In 2021, the average envelope import price amounted to $X per ton, increasing by 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Italy ($X per ton), while the price for China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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