Singapore: Uncoated Felt Paper Market 2025

Uncoated Felt Paper Market Size in Singapore

The Singaporean uncoated felt paper market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption posted significant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Uncoated Felt Paper Production in Singapore

In value terms, uncoated felt paper production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 3.8%. Uncoated felt paper production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports from Singapore

In 2022, exports of uncoated felt paper and paperboard from Singapore contracted to X tons, dropping by -12.2% on the previous year's figure. Over the period under review, exports recorded a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of 237% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports contracted modestly to $X in 2022. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 448%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for uncoated felt paper exports from Singapore, accounting for a 87% share of total exports. Moreover, uncoated felt paper exports to Malaysia exceeded the volume sent to the second major destination, Australia (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at -25.7%.

In value terms, Malaysia ($X) remains the key foreign market for uncoated felt paper and paperboard exports from Singapore, comprising 92% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled -20.1%.

Export Prices by Country

The average uncoated felt paper export price stood at $X per ton in 2022, rising by 13% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper export price increased by +105.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.5%), while the prices for the other major destinations experienced a decline.

Uncoated Felt Paper Imports

Imports into Singapore

In 2022, purchases abroad of uncoated felt paper and paperboard increased by 15% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2014 with an increase of 2,709% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, uncoated felt paper imports fell to $X in 2022. In general, imports recorded a pronounced expansion. The growth pace was the most rapid in 2017 with an increase of 543% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and Vietnam (X kg) were the main suppliers of uncoated felt paper imports to Singapore, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +317.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of uncoated felt paper and paperboard to Singapore, comprising 78% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by Vietnam, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-12.7% per year) and Vietnam (+277.5% per year).

Import Prices by Country

The average uncoated felt paper import price stood at $X per ton in 2022, dropping by -22.9% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 1,244% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+57.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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