Singapore: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Singapore

After three years of growth, the Singaporean market for wood chips, particles and residues decreased by -X% to $X in 2021. In general, consumption, however, continues to indicate tangible growth. Over the period under review, the market reached the peak level at $X in 2020, and then contracted notably in the following year.

Exports of Wood Chips, Particles And Residues

Exports from Singapore

In 2021, overseas shipments of wood chips, particles and residues decreased by -X% to X tons, falling for the seventh year in a row after three years of growth. In general, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues exports totaled $X in 2021. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg), Poland (X kg) and Ukraine (X kg) were the main destinations of wood chips, particles and residues exports from Singapore, together accounting for X% of total exports.

From 2012 to 2020, the biggest increases were in Poland (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) emerged as the key foreign market for wood chips, particles and residues exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Maldives amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Belgium (-X% per year).

Export Prices by Country

The average export price for wood chips, particles and residues stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Maldives ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into Singapore

In 2021, after two years of growth, there was significant decline in purchases abroad of wood chips, particles and residues, when their volume decreased by -X% to X tons. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, wood chips, particles and residues imports reduced notably to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of wood chips, particles and residues imports to Singapore.

From 2012 to 2020, the biggest increases were in Malaysia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Malaysia ($X) were the largest wood chips, particles and residues suppliers to Singapore, together comprising X% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood chips, particles and residues stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood chips, particles and residues import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Austria (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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