Singapore - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Singapore - 2022
Contents:
- MDF Price in Singapore (CIF) - 2022
- MDF Price in Singapore (FOB) - 2022
- MDF Imports in Singapore
- MDF Exports in Singapore
MDF Price in Singapore (CIF) - 2022
In September 2022, the average MDF import price amounted to $669 per cubic meter, declining by -17.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 28% against the previous month. Over the period under review, average import prices hit record highs at $811 per cubic meter in August 2022, and then dropped notably in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the highest price was recorded for prices from India ($806 per cubic meter) and China ($715 per cubic meter), while the price for the United States ($582 per cubic meter) and Italy ($664 per cubic meter) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Singapore (FOB) - 2022
The average MDF export price stood at $585 per cubic meter in 2022, growing by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2018 an increase of 24%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Caledonia ($790 per cubic meter), while the average price for exports to Australia ($267 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 Japan (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in Singapore
After two years of decline, overseas purchases of MDF increased by 4.6% to 2.7K cubic meters in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the maximum at 4.5K cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, MDF imports surged to $2.1M in 2022. Overall, imports, however, recorded a perceptible downturn. Over the period under review, imports reached the peak figure at $2.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of MDF in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 489 | 144 | 412 | 641 | 9.4% |
| New Zealand | 198 | 28.7 | 181 | 541 | 39.8% |
| Malaysia | 254 | 160 | 299 | 295 | 5.1% |
| Italy | 129 | 126 | 130 | 146 | 4.2% |
| India | 91.2 | 72.8 | 111 | 135 | 14.0% |
| Belgium | 38.5 | 159 | 136 | 109 | 41.5% |
| France | 97.8 | 584 | 118 | 61.5 | -14.3% |
| United States | 376 | 26.3 | 53.5 | 60.7 | -45.5% |
| Switzerland | 171 | 41.4 | N/A | 3.6 | -72.4% |
| Others | 518 | 296 | 155 | 88.0 | -44.6% |
| Total | 2,363 | 1,637 | 1,595 | 2,081 | -4.1% |
Top Suppliers of MDF to Singapore in 2022:
- China (824.0 cubic meters)
- New Zealand (697.0 cubic meters)
- Malaysia (390.0 cubic meters)
- Italy (190.0 cubic meters)
- India (167.0 cubic meters)
- Belgium (134.0 cubic meters)
- United States (103.0 cubic meters)
- France (76.0 cubic meters)
- Switzerland (4.0 cubic meters)
MDF Exports in Singapore
In 2022, mdf exports from Singapore contracted significantly to 330 cubic meters, waning by -25.7% on the year before. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. The exports peaked at 546 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, MDF exports dropped notably to $193K in 2022. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports reached the maximum at $272K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of MDF in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 41.5 | 52.7 | 84.9 | 59.0 | 12.4% |
| Malaysia | 51.4 | 53.4 | 126 | 53.0 | 1.0% |
| Bangladesh | 0.5 | 1.3 | 0.1 | 29.7 | 290.2% |
| France | N/A | N/A | 10.9 | 14.3 | 31.2% |
| Japan | N/A | 6.9 | N/A | 11.8 | 30.8% |
| South Korea | N/A | N/A | 0.1 | 8.4 | 8300.0% |
| New Caledonia | N/A | N/A | N/A | 4.7 | 0% |
| Vietnam | 37.2 | 4.2 | 5.5 | 3.1 | -56.3% |
| Oman | 87.8 | 25.2 | 13.0 | N/A | -61.5% |
| Italy | N/A | 14.1 | N/A | N/A | 0% |
| Others | 53.8 | 22.4 | 7.4 | 9.0 | -44.9% |
| Total | 272 | 180 | 248 | 193 | -10.8% |
Top Export Markets for MDF from Singapore in 2022:
- Malaysia (138.0 cubic meters)
- Indonesia (77.0 cubic meters)
- Bangladesh (39.0 cubic meters)
- Japan (21.0 cubic meters)
- France (19.0 cubic meters)
- South Korea (11.0 cubic meters)
- New Caledonia (6.0 cubic meters)
- Vietnam (3.0 cubic meters)
This report provides an in-depth analysis of the mdf 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 1648 - MDF/HDF
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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