Singapore: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Singapore

In 2022, the Singaporean paper and paperboard market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Paper and paperboard consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Paper And Paperboard Production in Singapore

In value terms, paper and paperboard production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Singapore

In 2022, overseas shipments of paper and paperboard decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, paper and paperboard exports reduced sharply to $X in 2022. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of paper and paperboard exports from Singapore, with a combined X% share of total exports. Thailand, Cambodia, India, the United Arab Emirates, Malaysia, Australia, New Zealand, Taiwan (Chinese), Nigeria and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Indonesia ($X) were the largest markets for paper and paperboard exported from Singapore worldwide, with a combined X% share of total exports. Vietnam, Cambodia, Malaysia, India, Australia, New Zealand, the United Arab Emirates, Taiwan (Chinese), Nigeria and China lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average paper and paperboard export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Singapore

In 2022, overseas purchases of paper and paperboard decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper and paperboard imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of paper and paperboard imports to Singapore, together comprising X% of total imports. Sweden, Thailand, Brazil, Australia, South Korea, Japan, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paper and paperboard suppliers to Singapore were China ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total imports. Sweden, Japan, Brazil, Thailand, South Korea, Taiwan (Chinese), the United States and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Australia, 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

In 2022, the average paper and paperboard import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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