Singapore: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Singapore

After two years of growth, the Singaporean wood fuel (non-coniferous) market decreased by -X% to $X in 2020. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Wood Fuel (Non-Coniferous) Production in Singapore

In value terms, wood fuel (non-coniferous) production reduced modestly to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X, leveling off in the following year.

Wood Fuel (Non-Coniferous) Exports

Exports from Singapore

Wood fuel (non-coniferous) exports from Singapore fell dramatically to X cubic meters in 2020, shrinking by -X% on the previous year's figure. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X cubic meters in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports shrank notably to $X in 2020. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Maldives (X cubic meters), Mali (X cubic meters) and Malaysia (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Singapore, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood fuel (non-coniferous) exported from Singapore were Maldives ($X), Mali ($X) and Malaysia ($X), with a combined X% share of total exports.

Maldives recorded the highest growth rate of 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

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, approximately reflecting the previous year. Over the period under review, export price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were Vietnam ($X per cubic meter) and Indonesia ($X per cubic meter), while the average price for exports to Mali ($X per cubic meter) and Malaysia ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Singapore

In 2020, supplies from abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the sixth year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports shrank rapidly to $X in 2020. Overall, imports recorded a perceptible increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X cubic meters) constituted the largest supplier of wood fuel (non-coniferous) to Singapore, accounting for a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fourfold. Myanmar (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Malaysia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Myanmar (+X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of wood fuel (non-coniferous) to Singapore, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2019, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Italy ($X per cubic meter) and Myanmar ($X per cubic meter), while the price for the U.S. ($X per cubic meter) and Malaysia ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform