Singapore: Paper Bag Machine Market 2025

Paper Bag Machine Market Size in Singapore

In 2022, the Singaporean paper bag machine market increased by 210% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a strong expansion. Paper bag machine consumption peaked in 2022 and is expected to retain growth in the immediate term.

Paper Bag Machine Production in Singapore

In value terms, paper bag machine production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Paper Bag Machine Exports

Exports from Singapore

In 2022, approx. X units of machines for making bags, sacks or envelopes of paper or paperboard were exported from Singapore; remaining relatively unchanged against the previous year's figure. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 200%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper bag machine exports amounted to $X in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 173% 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

Malaysia (X units) and Thailand (X units) were the main destinations of paper bag machine exports from Singapore.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +17.0%).

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) constituted the largest markets for paper bag machine exported from Singapore worldwide.

Among the main countries of destination, Thailand, with a CAGR of +52.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average paper bag machine export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price showed a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 34%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+2,679.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Machine Imports

Imports into Singapore

Paper bag machine imports into Singapore surged to X units in 2022, increasing by 38% against the year before. Over the period under review, imports, however, saw a slight descent. The growth pace was the most rapid in 2021 with an increase of 225% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, paper bag machine imports surged to $X in 2022. In general, imports posted modest growth. The pace of growth appeared the most rapid in 2021 when imports increased by 190%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of paper bag machine to Singapore, with a 94% share of total imports. Moreover, paper bag machine imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +35.8%.

In value terms, China ($X) constituted the largest supplier of machines for making bags, sacks or envelopes of paper or paperboard to Singapore, comprising 94% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-12.5% per year) and Germany (+4.1% per year).

Import Prices by Country

In 2022, the average paper bag machine import price amounted to $X per unit, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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