Singapore: Market for Finishing Agents Used In The Paper Industry 2024

Market Size for Finishing Agents Used In The Paper Industry in Singapore

For the third year in a row, the Singaporean paper industry finishing agents market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Finishing Agents Used In The Paper Industry in Singapore

In value terms, paper industry finishing agents production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Finishing Agents Used In The Paper Industry

Exports from Singapore

Paper industry finishing agents exports from Singapore contracted significantly to X tons in 2022, shrinking by X% on 2021. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, paper industry finishing agents exports declined to $X in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), China (X tons) and the Philippines (X tons) were the main destinations of paper industry finishing agents exports from Singapore, together comprising X% of total exports. Vietnam, India, Pakistan, Australia, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, Indonesia ($X) remains the key foreign market for finishing agents used in the paper industry exports from Singapore, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

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

Export Prices by Country

The average paper industry finishing agents export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Finishing Agents Used In The Paper Industry

Imports into Singapore

In 2022, paper industry finishing agents imports into Singapore declined notably to X tons, with a decrease of X% on 2021. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, paper industry finishing agents imports expanded significantly to $X in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Finland (X tons) and the United States (X tons) were the main suppliers of paper industry finishing agents imports to Singapore, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of finishing agents used in the paper industry to Singapore, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average paper industry finishing agents import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price recorded a mild increase. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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