Price for Wood; Shingles and Shakes in Singapore - 2022
Contents:
- Price for Wood; Shingles and Shakes in Singapore (CIF) - 2022
- Price for Wood; Shingles and Shakes in Singapore (FOB) - 2022
- Imports of Wood; Shingles and Shakes in Singapore
- Exports of Wood; Shingles and Shakes in Singapore
Price for Wood; Shingles and Shakes in Singapore (CIF) - 2022
The average wood; shingles and shakes import price stood at $2,180 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a mild increase. The pace of growth was the most pronounced in 2013 an increase of 9.7% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($2,393 per ton), while the price for Indonesia amounted to $1,080 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Shingles and Shakes in Singapore (FOB) - 2022
The average wood; shingles and shakes export price stood at $4,000 per ton in 2022, dropping by -15.5% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87%. Over the period under review, the average export prices attained the peak figure at $4,731 per ton in 2021, and then contracted markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +1,329.8% per year.
Imports of Wood; Shingles and Shakes in Singapore
After two years of decline, overseas purchases of wood; shingles and shakeses decreased by 0% to 34 tons in 2022. Overall, imports continue to indicate a deep downturn. The smallest decline of 99.9% was in 2020.
In value terms, wood; shingles and shakes imports stood at $74K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020.
| Import of Wood; Shingles and Shakes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.7 | N/A | N/A | 67.8 | 163.6% |
| Indonesia | 0.8 | N/A | N/A | 5.9 | 94.6% |
| China | 44.4 | N/A | N/A | N/A | 0% |
| United States | 8.3 | N/A | N/A | N/A | 0% |
| Canada | 10.1 | N/A | N/A | N/A | 0% |
| Others | 7.3 | N/A | N/A | N/A | 0% |
| Total | 74.7 | N/A | N/A | 73.7 | -0.4% |
Top Suppliers of Wood; Shingles and Shakes to Singapore in 2022:
- Malaysia (28.3 tons)
- Indonesia (5.5 tons)
Exports of Wood; Shingles and Shakes in Singapore
In 2022, the amount of wood; shingles and shakeses exported from Singapore shrank markedly to 1 kg, dropping by 99.9% against 2021 figures. Over the period under review, exports recorded a precipitous decline. The smallest decline of -11.1% was in 2021.
In value terms, wood; shingles and shakes exports shrank rapidly to $4 in 2022. Overall, exports continue to indicate a dramatic descent. The smallest decline of -3.3% was in 2021.
| Export of Wood; Shingles and Shakes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Seychelles | 80.8 | 42.4 | 41.3 | N/A | -28.5% |
| Indonesia | 25.6 | 11.1 | 8.9 | N/A | -41.0% |
| Malaysia | 1.7 | 0.4 | 0.2 | N/A | -65.7% |
| Others | 3.3 | 2.0 | 3.6 | N/A | 4.4% |
| Total | 111 | 55.9 | 54.0 | N/A | -30.3% |
Top Export Markets for Wood; Shingles and Shakes from Singapore in 2022:
- Malaysia (1.0 kg)
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