Singapore: Handmade Paper Market 2025

Handmade Paper Market Size in Singapore

The Singaporean handmade paper market contracted significantly to $X in 2021, which is down by -19.3% against the previous year. In general, consumption showed a mild descent. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Handmade Paper Production in Singapore

In value terms, handmade paper production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 68%. Handmade paper production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Handmade Paper Exports

Exports from Singapore

In 2021, shipments abroad of handmade paper and paperboard decreased by -37.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a perceptible curtailment. The growth pace was the most rapid in 2015 when exports increased by 299% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, handmade paper exports contracted to $X in 2021. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2015 with an increase of 413% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Indonesia (X tons) were the main destinations of handmade paper exports from Singapore, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +235.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and Indonesia ($X) were the largest markets for handmade paper exported from Singapore worldwide, together comprising 88% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +201.4%, saw 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 handmade paper export price stood at $X per ton in 2021, surging by 40% against the previous year. Over the period under review, the export price recorded a mild expansion. The growth pace was the most rapid in 2019 when the average export price increased by 131%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Maldives ($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 South Korea (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Handmade Paper Imports

Imports into Singapore

In 2021, after three years of growth, there was significant decline in supplies from abroad of handmade paper and paperboard, when their volume decreased by -37.3% to X tons. In general, imports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2019 when imports increased by 124% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, handmade paper imports fell rapidly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 90%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of handmade paper to Singapore, accounting for a 88% share of total imports. Moreover, handmade paper imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.5% per year) and the Netherlands (-26.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of handmade paper and paperboard to Singapore, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by South Korea, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.9% per year) and South Korea (+47.8% per year).

Import Prices by Country

In 2021, the average handmade paper import price amounted to $X per ton, growing by 21% against the previous year. In general, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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