Singapore: Linoleum Market 2024

Linoleum Market Size in Singapore

In 2021, the Singaporean linoleum market increased by 1.9% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Linoleum Production in Singapore

In value terms, linoleum production reached $X in 2021 estimated in export price. Overall, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.7% against the previous year. Linoleum production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Linoleum Exports

Exports from Singapore

In 2021, overseas shipments of linoleum decreased by -91.4% to X square meters, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp downturn. The growth pace was the most rapid in 2015 with an increase of 213%. As a result, the exports attained the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, linoleum exports reduced markedly to $X in 2021. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X square meters) was the main destination for linoleum exports from Singapore, with a 66% share of total exports. Moreover, linoleum exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X square meters), threefold. The third position in this ranking was held by Japan (X square meters), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to -34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-33.3% per year) and Japan (+2.0% per year).

In value terms, Japan ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest markets for linoleum exported from Singapore worldwide, with a combined 80% share of total exports.

Japan, with a CAGR of +10.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average linoleum export price stood at $X per square meter in 2021, surging by 66% against the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 224%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Linoleum Imports

Imports into Singapore

After four years of decline, overseas purchases of linoleum increased by 224% to X square meters in 2021. In general, imports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 268%. As a result, imports attained the peak of X square meters. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, linoleum imports skyrocketed to $X in 2021. Overall, imports, however, saw a precipitous shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest supplier of linoleum to Singapore, accounting for a 62% share of total imports. Moreover, linoleum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X square meters), fivefold. The third position in this ranking was held by Malaysia (X square meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.1% per year) and Malaysia (+7.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of linoleum to Singapore, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.7% per year) and the UK (+19.8% per year).

Import Prices by Country

In 2021, the average linoleum import price amounted to $X per square meter, which is down by -19.4% against the previous year. Overall, the import price, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when the average import price increased by 75%. The import price peaked at $X per square meter in 2020, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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