Singapore: Sawnwood (Non-Coniferous) Market 2025

Sawnwood (Non-Coniferous) Market Size in Singapore

The Singaporean sawnwood (non-coniferous) market dropped dramatically to $X in 2022, declining by -45.6% against the previous year. In general, consumption showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Production in Singapore

In value terms, sawnwood (non-coniferous) production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 128%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Singapore

In 2022, exports of sawnwood (non-coniferous) from Singapore contracted sharply to X cubic meters, reducing by -75.5% compared with the previous year. In general, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 202%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (non-coniferous) exports declined remarkably to $X in 2022. Overall, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 101% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X cubic meters), Malaysia (X cubic meters) and Seychelles (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Singapore, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of +18.4%), while the other leaders experienced a decline.

In value terms, Maldives ($X), Malaysia ($X) and Seychelles ($X) were the largest markets for sawnwood (non-coniferous) exported from Singapore worldwide, with a combined 88% share of total exports.

Seychelles, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, picking up by 23% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27%. As a result, the export price reached the peak level of $X per cubic meter. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Singapore

Sawnwood (non-coniferous) imports into Singapore shrank to X cubic meters in 2022, with a decrease of -11% compared with the year before. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports expanded modestly to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked 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 (non-coniferous) to Singapore, accounting for a 82% share of total imports. Moreover, sawnwood (non-coniferous) imports from Malaysia exceeded the figures recorded by the second-largest supplier, Myanmar (X cubic meters), more than tenfold. The United States (X cubic meters) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-18.7% per year) and the United States (-2.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of sawnwood (non-coniferous) to Singapore, comprising 88% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 6.7% share of total imports. It was followed by Sweden, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-16.4% per year) and Sweden (+73.3% per year).

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, picking up by 16% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) import price increased by +82.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per cubic meter), while the price for the United States ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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