Singapore: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Singapore

The Singaporean paper pulp moulded articles market rose sharply to $X in 2022, picking up by 6.9% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.6% against 2012 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Moulded Or Pressed Articles Of Paper Pulp in Singapore

In value terms, paper pulp moulded articles production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 55%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports from Singapore

Paper pulp moulded articles exports from Singapore shrank rapidly to X tons in 2022, with a decrease of -18.4% on the previous year's figure. Overall, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2017 when exports increased by 142% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, paper pulp moulded articles exports rose modestly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 157%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for paper pulp moulded articles exports from Singapore, accounting for a 35% share of total exports. Moreover, paper pulp moulded articles exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. China (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+23.3% per year) and China (+44.9% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for moulded or pressed articles of paper pulp exports from Singapore, comprising 40% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 14% share of total exports. It was followed by Thailand, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+27.6% per year) and Thailand (+25.9% per year).

Export Prices by Country

In 2022, the average paper pulp moulded articles export price amounted to $X per ton, surging by 27% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper pulp moulded articles export price increased by +68.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports into Singapore

For the fifth consecutive year, Singapore recorded growth in supplies from abroad of moulded or pressed articles of paper pulp, which increased by 1.8% to X tons in 2022. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, paper pulp moulded articles imports totaled $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 16%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of paper pulp moulded articles imports to Singapore, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of moulded or pressed articles of paper pulp to Singapore, comprising 53% of total imports. The second position in the ranking was held by Malaysia ($X), with a 25% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.4% per year) and the United States (+17.8% per year).

Import Prices by Country

In 2022, the average paper pulp moulded articles import price amounted to $X per ton, with an increase of 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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