Report Update Nov 1, 2024

Singapore - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Mdf Market 2024

Mdf Market Size in Singapore

In 2021, the Singaporean MDF market decreased by -15.7% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt downturn. Consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Mdf Exports

Exports from Singapore

In 2021, shipments abroad of MDF increased by 183% to X cubic meters for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, faced a abrupt curtailment. The exports peaked at X cubic meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, MDF exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X cubic meters), Kuwait (X cubic meters) and India (X cubic meters) were the main destinations of MDF exports from Singapore, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the key foreign market for MDF exports from Singapore, comprising 35% of total exports. The second position in the ranking was taken by Oman ($X), with a 15% share of total exports. It was followed by Bahrain, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait totaled -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+8.9% per year) and Bahrain (-10.6% per year).

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, reducing by -5% against the previous year. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2021, the average export prices failed to regain momentum.

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 Saudi Arabia ($X per cubic meter), while the average price for exports to Oman ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into Singapore

In 2021, overseas purchases of MDF increased by 1.9% to X cubic meters for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, MDF imports expanded remarkably to $X in 2021. In general, imports, however, recorded a deep slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X cubic meters) constituted the largest MDF supplier to Singapore, accounting for a 44% share of total imports. Moreover, MDF imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fourfold. The third position in this ranking was held by Malaysia (X cubic meters), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Malaysia (-25.8% per year).

In value terms, Thailand ($X), China ($X) and Malaysia ($X) were the largest MDF suppliers to Singapore, with a combined 41% share of total imports. These countries were followed by New Zealand, Italy, France, Belgium, Hong Kong SAR, Argentina, Indonesia, Brazil, Sweden and Germany, which together accounted for a further 27%.

Among the main suppliers, Brazil, with a CAGR of +41.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average MDF import price stood at $X per cubic meter in 2021, growing by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mdf in the world?

The country with the largest volume of mdf consumption was China, accounting for 51% of total volume. Moreover, mdf consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Brazil, with a 4.1% share.

What are the largest producers of mdf in the world?

China constituted the country with the largest volume of mdf production, comprising approx. 52% of total volume. Moreover, mdf production in China exceeded the figures recorded by the second-largest producer, Brazil, more than tenfold. The third position in this ranking was occupied by Turkey, with a 4.6% share.

What are the leading suppliers of mdf to Singapore?

In value terms, France, China and Ireland appeared to be the largest mdf suppliers to Singapore, together accounting for 54% of total imports. Malaysia, Indonesia, New Zealand, Italy, India and Thailand lagged somewhat behind, together comprising a further 33%.

What are the leading importers of mdf from Singapore?

In value terms, Bahrain emerged as the key foreign market for mdf exports from Singapore, comprising 50% of total exports. The second position in the ranking was occupied by Malaysia, with a 19% share of total exports. It was followed by China, with a 7.2% share.

What is the average export price for mdf in Singapore?

In 2021, the average mdf export price amounted to $514 per cubic meter, increasing by 4.1% against the previous year.

What is the average import price for mdf in Singapore?

In 2021, the average mdf import price amounted to $508 per cubic meter, leveling off at the previous year.

This report provides an in-depth analysis of the mdf 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:

FCL 1648 - MDF/HDF

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023