Singapore: Market for Paper And Paperboard, Excluding Newsprint 2024

Market Size for Paper And Paperboard, Excluding Newsprint in Singapore

In 2022, the Singaporean market for paper and paperboard, excluding newsprint increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a slight downturn. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Paper And Paperboard, Excluding Newsprint in Singapore

In value terms, paper and paperboard, excluding newsprint production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Paper And Paperboard, Excluding Newsprint

Exports from Singapore

In 2022, shipments abroad of paper and paperboard, excluding newsprint decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, paper and paperboard, excluding newsprint exports declined notably to $X in 2022. In general, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of paper and paperboard, excluding newsprint exports from Singapore, together comprising X% of total exports. Thailand, Cambodia, India, the United Arab Emirates, Malaysia, Australia, New Zealand, Taiwan (Chinese), Nigeria and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper and paperboard, excluding newsprint exported from Singapore were Thailand ($X), the Philippines ($X) and Indonesia ($X), together comprising X% of total exports. Vietnam, Cambodia, Malaysia, India, Australia, New Zealand, the United Arab Emirates, Taiwan (Chinese), Nigeria and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for paper and paperboard, excluding newsprint amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper And Paperboard, Excluding Newsprint

Imports into Singapore

In 2022, purchases abroad of paper and paperboard, excluding newsprint decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper and paperboard, excluding newsprint imports shrank rapidly to $X in 2022. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of paper and paperboard, excluding newsprint imports to Singapore, with a combined X% share of total imports. Sweden, Thailand, Brazil, Australia, Japan, Taiwan (Chinese), South Korea, the United States and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paper and paperboard, excluding newsprint suppliers to Singapore were China ($X), Indonesia ($X) and Malaysia ($X), together comprising X% of total imports. Sweden, Japan, Brazil, Thailand, Taiwan (Chinese), South Korea, the United States, Australia and Finland lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for paper and paperboard, excluding newsprint amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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