Singapore: Chipped Non-Coniferous Wood Market 2020

Chipped Non-Coniferous Wood Market Size in Singapore

The revenue of the chipped non-coniferous wood market in Singapore amounted to $X in 2018, shrinking by -X% against the previous year. In general, the total market indicated a conspicuous increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped non-coniferous wood consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. In that year, the chipped non-coniferous wood market reached its peak level of $X, and then declined slightly in the following year.

Chipped Non-Coniferous Wood Production in Singapore

In value terms, chipped non-coniferous wood production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when production volume increased by X% year-to-year. In that year, chipped non-coniferous wood production attained its peak level and is likely to continue its growth in the immediate term.

Chipped Non-Coniferous Wood Exports

Exports from Singapore

In 2018, approx. X tons of non-coniferous wood in chips or particles were exported from Singapore; growing by X% against the previous year. In general, chipped non-coniferous wood exports continue to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, chipped non-coniferous wood exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, chipped non-coniferous wood exports totaled $X in 2018. In general, chipped non-coniferous wood exports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, chipped non-coniferous wood exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for chipped non-coniferous wood exports from Singapore, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Thailand stood at +X%.

In value terms, Thailand ($X) also remains the key foreign market for chipped non-coniferous wood exports from Singapore.

From 2007 to 2018, the average annual rate of growth in terms of value to Thailand amounted to +X%.

Export Prices by Country

The average chipped non-coniferous wood export price stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the chipped non-coniferous wood export price continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2007 to 2018, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Chipped Non-Coniferous Wood Imports

Imports into Singapore

In 2018, the amount of non-coniferous wood in chips or particles imported into Singapore totaled X tons, rising by X% against the previous year. Over the period under review, chipped non-coniferous wood imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. In that year, chipped non-coniferous wood imports attained their peak of X tons. From 2013 to 2018, the growth of chipped non-coniferous wood imports remained at a lower figure.

In value terms, chipped non-coniferous wood imports stood at $X in 2018. In general, chipped non-coniferous wood imports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, chipped non-coniferous wood imports reached their peak figure at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Indonesia (X tons) and the UK (X tons) were the main suppliers of chipped non-coniferous wood imports to Singapore, with a combined X% share of total imports. These countries were followed by the Netherlands, Estonia, Egypt, Canada and Germany, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Canada (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of chipped non-coniferous wood to Singapore, comprising X% of total chipped non-coniferous wood imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Vietnam totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Estonia (+X% per year).

Import Prices by Country

In 2018, the average chipped non-coniferous wood import price amounted to $X per ton, declining by -X% against the previous year. In general, the chipped non-coniferous wood import price continues to indicate a drastic descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for non-coniferous wood in chips or particles reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Vietnam ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform