Singapore: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Singapore

The Singaporean market for particle board and similar board of ligneous materials (excluding wood) soared to $X in 2022, increasing by X% 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). In general, consumption, however, showed a abrupt decrease. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from Singapore

After two years of growth, shipments abroad of particle board and similar board of ligneous materials (excluding wood) decreased by X% to X cubic meters in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) dropped remarkably to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X cubic meters) was the main destination for exports of particle board and similar board of ligneous materials (excluding wood) from Singapore, accounting for a X% share of total exports. Moreover, exports of particle board and similar board of ligneous materials (excluding wood) to Indonesia exceeded the volume sent to the second major destination, Myanmar (X cubic meters), eightfold. The third position in this ranking was taken by Vietnam (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for particle board and similar board of ligneous materials (excluding wood) exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Myanmar (X% per year).

Export Prices by Country

The average export price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2022, declining by X% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) 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.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into Singapore

In 2022, approx. X cubic meters of particle board and similar board of ligneous materials (excluding wood) were imported into Singapore; picking up by X% compared with the previous year. Overall, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) expanded markedly to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X cubic meters) constituted the largest supplier of board of bagasse, bamboo or other particles to Singapore, accounting for a X% share of total imports. Moreover, imports of particle board and similar board of ligneous materials (excluding wood) from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), sevenfold. The third position in this ranking was held by India (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of particle board and similar board of ligneous materials (excluding wood) to Singapore, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Import Prices by Country

The average import price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Bangladesh ($X per cubic meter) 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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