Singapore: Wrapping Papers Market 2025

Wrapping Papers Market Size in Singapore

The Singaporean wrapping papers market surged to $X in 2021, increasing by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a slight contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wrapping Papers Exports

Exports from Singapore

In 2021, wrapping papers exports from Singapore shrank remarkably to X tons, which is down by -18.3% on the year before. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 11%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wrapping papers exports fell to $X in 2021. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by 10%. 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

Vietnam (X tons) was the main destination for wrapping papers exports from Singapore, accounting for a 57% share of total exports. Moreover, wrapping papers exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Fiji (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-18.0% per year) and Fiji (+55.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from Singapore, comprising 51% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total exports. It was followed by Malaysia, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-15.4% per year) and Malaysia (-17.3% per year).

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2021, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Singapore

In 2021, the amount of wrapping paper, packaging paper and paperboard imported into Singapore fell modestly to X tons, reducing by -4% on the previous year. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 52% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wrapping papers imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of wrapping papers imports to Singapore, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wrapping papers suppliers to Singapore were Japan ($X), Malaysia ($X) and China ($X), together comprising 63% of total imports.

Japan, with a CAGR of +27.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wrapping papers import price amounted to $X per ton, jumping by 41% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wrapping papers import price increased by +30.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :