Singapore: Wood Pulp Market 2024

Wood Pulp Market Size in Singapore

The Singaporean wood pulp market fell sharply to $X in 2022, which is down by X% against the previous year. In general, consumption saw a dramatic slump. Wood pulp consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wood Pulp Production in Singapore

In value terms, wood pulp production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Wood Pulp Exports

Exports from Singapore

In 2022, overseas shipments of wood pulp were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wood pulp exports skyrocketed to $X in 2022. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for wood pulp exports from Singapore, with a X% share of total exports. Moreover, wood pulp exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by India (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and India (X% per year).

In value terms, China ($X) remains the key foreign market for wood pulp exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and India (X% per year).

Export Prices by Country

The average wood pulp export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood pulp export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Indonesia ($X per ton), while the average price for exports to Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Wood Pulp Imports

Imports into Singapore

For the fourth year in a row, Singapore recorded decline in overseas purchases of wood pulp, which decreased by X% to X tons in 2022. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, wood pulp imports shrank to $X in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of wood pulp to Singapore, with a X% share of total imports. Moreover, wood pulp imports from Indonesia exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X.2% per year) and the United States (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of wood pulp to Singapore, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average wood pulp import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Canada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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