Singapore: Cellulose Fibrecement Sheet Market 2025

Cellulose Fibrecement Sheet Market Size in Singapore

In 2022, the Singaporean cellulose fibrecement sheet market increased by 51% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a deep setback. Cellulose fibrecement sheet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Singapore

In value terms, cellulose fibrecement sheet production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a precipitous curtailment. Cellulose fibrecement sheet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Singapore

In 2022, approx. X tons of sheets, panels and tiles of cellulose fibrecement were exported from Singapore; which is down by -78.5% compared with 2021 figures. Overall, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 92%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cellulose fibrecement sheet exports plummeted to $X in 2022. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 158% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for cellulose fibrecement sheet exports from Singapore, accounting for a 60% share of total exports. Moreover, cellulose fibrecement sheet exports to Australia exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Maldives (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.4% per year) and Maldives (+6.7% per year).

In value terms, Australia ($X) emerged as the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Singapore, comprising 41% of total exports. The second position in the ranking was taken by the UK ($X), with a 19% share of total exports. It was followed by Maldives, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.5% per year) and Maldives (+10.3% per year).

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, with a decrease of -43.7% against the previous year. In general, the export price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 200%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average 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 Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Myanmar (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Singapore

In 2022, after three years of decline, there was significant growth in purchases abroad of sheets, panels and tiles of cellulose fibrecement, when their volume increased by 54% to X tons. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 111% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports rose sharply to $X in 2022. In general, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2018 when imports increased by 46% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cellulose fibrecement sheet to Singapore, accounting for a 60% share of total imports. Moreover, cellulose fibrecement sheet imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The Philippines (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+14.5% per year) and the Philippines (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Singapore, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total imports. It was followed by India, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.8% per year) and India (+27.6% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, reducing by -31.6% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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