Singapore: Paper Label Market 2025

Paper Label Market Size in Singapore

The Singaporean paper label market declined significantly to $X in 2021, waning by -22.7% against the previous year. Overall, consumption, however, continues to indicate a modest increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Paper Label Production in Singapore

In value terms, paper label production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a slight slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Paper Label Exports

Exports from Singapore

In 2021, overseas shipments of labels of paper or paperboard increased by 35% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 42%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper label exports skyrocketed to $X in 2021. In general, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 36%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of paper label exports from Singapore, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper label exported from Singapore were the United States ($X), Indonesia ($X) and Malaysia ($X), with a combined 67% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +33.4%, 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 paper label export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Label Imports

Imports into Singapore

For the sixth consecutive year, Singapore recorded decline in supplies from abroad of labels of paper or paperboard, which decreased by -18.9% to X tons in 2021. In general, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, paper label imports shrank to $X in 2021. Overall, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2013 with an increase of 6.8% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and the United States (X tons) were the main suppliers of paper label imports to Singapore, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest paper label suppliers to Singapore were Malaysia ($X), China ($X) and the United States ($X), together comprising 69% of total imports.

China, with a CAGR of +2.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average paper label import price amounted to $X per ton, with an increase of 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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