Singapore: Drawing Board Market 2024

Drawing Board Market Size in Singapore

In 2022, the Singaporean drawing board market increased by 8.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.5% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Drawing Board Production in Singapore

In value terms, drawing board production surged to $X in 2022 estimated in export price. Overall, production, however, saw a sharp contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports from Singapore

In 2022, overseas shipments of slates and boards with writing or drawing surfaces were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, drawing board exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X units), Indonesia (X units) and India (X units) were the main destinations of drawing board exports from Singapore, together accounting for 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +74.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and India ($X) constituted the largest markets for drawing board exported from Singapore worldwide, together comprising 61% of total exports.

The Philippines, with a CAGR of +76.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, declining by -6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per unit) and Malaysia ($X per unit), while the average price for exports to the United States ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Singapore

Drawing board imports into Singapore surged to X units in 2022, increasing by 17% against 2021. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, drawing board imports surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest drawing board supplier to Singapore, accounting for a 58% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.0% per year) and South Korea (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Singapore, comprising 60% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.0% per year) and South Korea (+11.1% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, rising by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Germany ($X per unit), while the price for Denmark ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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