Singapore: Sawnwood Market 2024

Sawnwood Market Size in Singapore

The Singaporean sawnwood market reduced sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a abrupt descent. Sawnwood consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sawnwood Production in Singapore

In value terms, sawnwood production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Sawnwood production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sawnwood Exports

Exports from Singapore

In 2022, approx. X cubic meters of sawnwood were exported from Singapore; which is down by X% on the year before. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sawnwood exports dropped sharply to $X in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X cubic meters) was the main destination for sawnwood exports from Singapore, with a X% share of total exports. Moreover, sawnwood exports to Malaysia exceeded the volume sent to the second major destination, Maldives (X cubic meters), fourfold. The third position in this ranking was taken by Seychelles (X cubic meters), with a X% share.

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

In value terms, Malaysia ($X) remains the key foreign market for sawnwood exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports. It was followed by Seychelles, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Seychelles (X% per year).

Export Prices by Country

In 2022, the average sawnwood export price amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

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

Sawnwood Imports

Imports into Singapore

In 2022, sawnwood imports into Singapore contracted notably to X cubic meters, waning by X% on the previous year's figure. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sawnwood imports contracted to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest supplier of sawnwood to Singapore, with a X% share of total imports. Moreover, sawnwood imports from Malaysia exceeded the figures recorded by the second-largest supplier, New Zealand (X cubic meters), threefold. Sweden (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Sweden (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of sawnwood to Singapore, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the average sawnwood import price amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Indonesia ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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