Singapore: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Singapore

In 2021, after three years of decline, there was growth in the Singaporean market for wood chips, parts, residues, pellets and other agglomerates, when its value increased by 4.9% to $X. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Singapore

In value terms, production of wood chips, parts, residues, pellets and other agglomerates rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Singapore

In 2021, the amount of wood chips, parts, residues, pellets and other agglomerates exported from Singapore surged to X cubic meters, rising by 99% against 2020 figures. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 281%. Over the period under review, the exports of hit record highs at X cubic meters in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Singapore, accounting for a 60% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Thailand exceeded the volume sent to the second major destination, Australia (X cubic meters), sixfold. The third position in this ranking was taken by South Korea (X cubic meters), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+21.5% per year) and South Korea (-12.4% per year).

In value terms, Thailand ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Singapore, comprising 59% of total exports. The second position in the ranking was taken by Australia ($X), with an 11% share of total exports. It was followed by Malaysia, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.1% per year) and Malaysia (-15.2% per year).

Export Prices by Country

In 2021, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, jumping by 16% against the previous year. In general, the export price posted a mild increase. The pace of growth appeared the most rapid in 2018 an increase of 206% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to South Korea (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Singapore

Imports of wood chips, parts, residues, pellets and other agglomerates into Singapore amounted to X cubic meters in 2021, increasing by 13% against the previous year. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 30% against the previous year. Over the period under review, imports of attained the maximum at X cubic meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Malaysia (X cubic meters) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Singapore, accounting for a 45% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. The third position in this ranking was held by the Netherlands (X cubic meters), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.5% per year) and the Netherlands (+11.5% per year).

In value terms, Malaysia ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Singapore, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and the Netherlands (+11.8% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, increasing by 4.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2021, the average 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 Germany ($X per cubic meter), while the price for Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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