Singapore: Wood Residues Market 2022

Wood Residues Market Size in Singapore

In 2020, the Singaporean wood residues market increased by X% to $X, rising for the third year in a row after seven years of decline. Over the period under review, consumption saw a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Wood Residues Exports

Exports from Singapore

In 2020, shipments abroad of wood residues decreased by -X% to X cubic meters, falling for the sixth year in a row after eight years of growth. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X cubic meters in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, wood residues exports shrank to $X in 2020. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and Ukraine (X cubic meters) were the main destinations of wood residues exports from Singapore, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Ukraine, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) constituted the largest markets for wood residues exported from Singapore worldwide, together accounting for X% of total exports. Canada, Austria, Vietnam, Spain, Poland, France, Norway, the Czech Republic, Croatia and Belarus lagged somewhat behind, together comprising a further X terms of the main countries of destination, Belarus (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood residues export price stood at $X per cubic meter in 2020, dropping by -X% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. As a result, export price attained the peak level of $X per cubic meter. from 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per cubic meter), while the average price for exports to Belarus ($X per cubic meter) was amongst the lowest.

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

Wood Residues Imports

Imports into Singapore

In 2020, purchases abroad of wood residues decreased by -X% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, imports saw a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, wood residues imports rose markedly to $X in 2020. In general, total imports indicated a resilient increase from 2007 to 2020: its value decreased 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to Singapore, together accounting for X% of total imports. Germany, Italy, Norway, Canada, Sweden, the Netherlands, Poland, the U.S., Slovakia and Lithuania lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Slovakia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Germany ($X) appeared to be the largest wood residues suppliers to Singapore, with a combined X% share of total imports. These countries were followed by Belgium, the U.S., Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Sweden and Slovakia, which together accounted for a further X the main suppliers, Norway 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

In 2020, the average wood residues import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent 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 residues import price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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