Singapore: Recovered Paper Market 2024

Recovered Paper Market Size in Singapore

The Singaporean recovered paper market amounted to $X in 2022, increasing by 3.1% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Recovered paper consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Recovered Paper Production in Singapore

In value terms, recovered paper production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.3% against the previous year. Recovered paper production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Recovered Paper Exports

Exports from Singapore

In 2022, approx. X tons of recovered paper were exported from Singapore; waning by -10.2% against the year before. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 2.6%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, recovered paper exports declined to $X in 2022. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for recovered paper exports from Singapore, accounting for a 66% share of total exports. Moreover, recovered paper exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+3.3% per year) and India (-1.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for recovered paper exports from Singapore, comprising 63% of total exports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total exports. It was followed by India, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+5.2% per year) and India (+4.5% per year).

Export Prices by Country

In 2022, the average recovered paper export price amounted to $X per ton, reducing by -4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Malaysia ($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 Bangladesh (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Recovered Paper Imports

Imports into Singapore

In 2022, purchases abroad of recovered paper decreased by -60.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 95% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, recovered paper imports dropped significantly to $X in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 99% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) were the main suppliers of recovered paper imports to Singapore, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of -7.6%), while purchases for the other leaders experienced a decline.

In value terms, Malaysia ($X) constituted the largest supplier of recovered paper to Singapore, comprising 68% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-10.3% per year) and Brunei Darussalam (-10.6% per year).

Import Prices by Country

The average recovered paper import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the average import price increased by 47%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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