Report Update: May 1, 2024

Singapore - Plywood - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Plywood Price in Singapore - 2022

Plywood Price in Singapore (CIF) - 2022

In September 2022, the average plywood import price amounted to $623 per cubic meter, rising by 13% against the previous month. Overall, import price indicated a moderate expansion from September 2021 to September 2022: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, plywood import price increased by +12.7% against August 2022 indices. The pace of growth appeared the most rapid in February 2022 an increase of 123% m-o-m. As a result, import price attained the peak level of $807 per cubic meter. From March 2022 to September 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Taiwan (Chinese) ($1,088 per cubic meter), while the price for Vietnam ($443 per cubic meter) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Plywood Price in Singapore (FOB) - 2022

The average plywood export price stood at $696 per cubic meter in 2022, growing by 19% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. As a result, the export price reached the peak level of $1,189 per cubic meter. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,326 per cubic meter), while the average price for exports to Indonesia ($209 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 the Netherlands (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports in Singapore

In 2022, the amount of plywood imported into Singapore dropped to 232K cubic meters, reducing by -9.5% against 2021. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2021 when imports increased by 119%. As a result, imports attained the peak of 256K cubic meters, and then reduced in the following year.

In value terms, plywood imports shrank to $114M in 2022. Over the period under review, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $131M, and then declined in the following year.

Import of Plywood in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	40.7	29.9	53.3	40.5	-0.2%
China	41.7	27.9	40.0	31.5	-8.9%
Vietnam	9.6	9.3	22.4	29.1	44.7%
Malaysia	7.6	4.9	8.8	8.0	1.7%
Taiwan (Chinese)	3.3	2.1	3.2	2.8	-5.3%
Others	2.7	1.9	2.8	2.3	-5.2%
Total	106	76.1	131	114	2.5%

Top Suppliers of Plywood to Singapore in 2022:

China (76.5K cubic meters)
Vietnam (72.7K cubic meters)
Indonesia (65.5K cubic meters)
Malaysia (10.0K cubic meters)
Taiwan (Chinese) (4.0K cubic meters)

Plywood Exports in Singapore

In 2022, the amount of plywood exported from Singapore fell remarkably to 16K cubic meters, declining by -36.2% compared with the previous year's figure. Overall, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, the exports reached the peak of 26K cubic meters, and then contracted significantly in the following year.

In value terms, plywood exports reduced rapidly to $11M in 2022. In general, exports showed a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $15M, and then contracted markedly in the following year.

Export of Plywood in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	60.8	350	N/A	2,453	243.0%
Maldives	2,724	1,232	1,695	1,895	-11.4%
Malaysia	471	688	1,635	1,630	51.3%
Netherlands	3,067	3,240	6,069	1,609	-19.3%
Indonesia	573	467	778	790	11.3%
Australia	455	328	1,049	395	-4.6%
Kiribati	N/A	N/A	189	250	32.3%
United States	0.7	2.9	124	248	607.6%
Guam	205	302	360	229	3.8%
Samoa	237	118	166	221	-2.3%
New Caledonia	300	234	334	206	-11.8%
Northern Mariana Islands	347	215	226	167	-21.6%
Kuwait	N/A	N/A	188	N/A	0%
Others	4,793	2,611	2,233	1,341	-34.6%
Total	13,234	9,790	15,048	11,431	-4.8%

Top Export Markets for Plywood from Singapore in 2022:

Maldives (3.8K cubic meters)
Indonesia (3.8K cubic meters)
Belgium (1.9K cubic meters)
Malaysia (1.7K cubic meters)
Netherlands (1.2K cubic meters)
Australia (0.4K cubic meters)
Guam (0.4K cubic meters)
New Caledonia (0.4K cubic meters)
United States (0.4K cubic meters)
Samoa (0.3K cubic meters)
Northern Mariana Islands (0.3K cubic meters)
Kiribati (0.3K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plywood market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1640 - Plywood

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023