Singapore: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Singapore

The Singaporean market for wood pellets and other agglomerates expanded markedly to $X in 2022, with an increase of X% against the previous year. Overall, consumption posted a noticeable expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Wood Pellets And Other Agglomerates in Singapore

In value terms, wood pellets and other agglomerates production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports from Singapore

In 2022, approx. X tons of wood pellets and other agglomerates were exported from Singapore; waning by X% against the previous year's figure. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood pellets and other agglomerates exports declined markedly to $X in 2022. In general, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and Bahrain (X tons) were the main destinations of wood pellets and other agglomerates exports from Singapore, together accounting for X% of total exports. Brunei Darussalam, Japan, Maldives and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood pellets and other agglomerates exported from Singapore were the United Arab Emirates ($X), Malaysia ($X) and Bahrain ($X), together comprising X% of total exports. Brunei Darussalam, Maldives, Japan and Australia lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for wood pellets and other agglomerates amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports into Singapore

In 2022, wood pellets and other agglomerates imports into Singapore shrank to X tons, with a decrease of X% on the year before. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wood pellets and other agglomerates imports dropped to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest wood pellets and other agglomerates supplier to Singapore, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from Malaysia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: Vietnam (X% per year) and the Netherlands (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of wood pellets and other agglomerates to Singapore, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average import price for wood pellets and other agglomerates amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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