Report Update Feb 1, 2025

Singapore - Flat Pallets and Pallet Collars of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Wood Flat Pallet Market 2025

Wood Flat Pallet Market Size in Singapore

After two years of decline, the Singaporean wood flat pallet market increased by 12% to $X in 2021. The market value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood flat pallet consumption peaked in 2021 and is expected to retain growth in the immediate term.

Wood Flat Pallet Exports

Exports from Singapore

In 2021, overseas shipments of flat pallets and pallet collars of wood decreased by -1.1% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wood flat pallet exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.6% against 2019 indices. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Thailand (X units) and Vietnam (X units) were the main destinations of wood flat pallet exports from Singapore, together comprising 64% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +89.5%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) were the largest markets for wood flat pallet exported from Singapore worldwide, with a combined 61% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +88.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood flat pallet export price stood at $X per unit in 2021, picking up by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Japan ($X per unit), while the average price for exports to Vietnam ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Singapore

In 2021, supplies from abroad of flat pallets and pallet collars of wood decreased by -10.8% to X units for the first time since 2011, thus ending a nine-year rising trend. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then shrank in the following year.

In value terms, wood flat pallet imports soared to $X in 2021. The total import value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X units) constituted the largest wood flat pallet supplier to Singapore, with a 89% share of total imports. Moreover, wood flat pallet imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +3.6%.

In value terms, Malaysia ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Singapore, comprising 88% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +5.2%.

Import Prices by Country

In 2021, the average wood flat pallet import price amounted to $X per unit, rising by 35% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flat pallets and pallet collars of wood in the world?

The countries with the highest volumes of wood flat pallet consumption in 2020 were China, the United States and Russia, with a combined 41% share of global consumption.

What are the largest producers of flat pallets and pallet collars of wood in the world?

The countries with the highest volumes of wood flat pallet production in 2020 were China, the United States and Russia, with a combined 41% share of global production. Brazil, Pakistan, Indonesia, Mexico, Poland, Italy, Germany, France, South Korea and Iran lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of flat pallets and pallet collars of wood to Singapore?

In value terms, Malaysia constituted the largest supplier of wood flat pallet to Singapore, comprising 93% of total imports. The second position in the ranking was occupied by China, with a 2.3% share of total imports.

What are the leading importers of flat pallets and pallet collars of wood from Singapore?

In value terms, Malaysia remains the key foreign market for wood flat pallet exports from Singapore, comprising 34% of total exports. The second position in the ranking was occupied by Vietnam, with a 17% share of total exports. It was followed by Indonesia, with a 9.1% share.

What is the average export price for flat pallets and pallet collars of wood in Singapore?

In 2020, the average wood flat pallet export price amounted to $7.4 per unit, approximately equating the previous year.

What is the average import price for flat pallets and pallet collars of wood in Singapore?

The average wood flat pallet import price stood at $7.5 per unit in 2020, dropping by -29.4% against the previous year.

This report provides an in-depth analysis of the wood flat pallet market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16241133 - Flat pallets and pallet collars of wood

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024