Singapore - Waferboard - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

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

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Waferboard Price in Singapore - 2022

Contents:

  1. Waferboard Price in Singapore (CIF) - 2022
  2. Waferboard Price in Singapore (FOB) - 2022
  3. Waferboard Imports in Singapore
  4. Waferboard Exports in Singapore

Waferboard Price in Singapore (CIF) - 2022

In 2022, the average waferboard import price amounted to $228 per cubic meter, waning by -15.4% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 6.5% against the previous year. The import price peaked at $353 per cubic meter in 2014; however, from 2015 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 China ($312 per cubic meter), while the price for Hungary ($21 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Waferboard Price in Singapore (FOB) - 2022

The average waferboard export price stood at $137 per cubic meter in 2022, waning by -26.4% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 19%. As a result, the export price reached the peak level of $290 per cubic meter. From 2019 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 Vietnam ($410 per cubic meter), while the average price for exports to the United States ($24 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 Vietnam (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports in Singapore

In 2022, approx. 6.1K cubic meters of waferboards were imported into Singapore; increasing by 19% on 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, waferboard imports totaled $1.4M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Waferboard in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3664737614597.8%
Thailand27711592.63578.8%
Malaysia91.262.026322735.5%
Italy68.711411918037.9%
Romania48.987.163.550.30.9%
Vietnam50.4N/A31.133.3-12.9%
HungaryN/A2.03.013.0155.0%
Others18940.249.169.8-28.3%
Total1,0918941,3811,3908.4%

Top Suppliers of Waferboard to Singapore in 2022:

  1. China (1471.0 cubic meters)
  2. Thailand (1401.0 cubic meters)
  3. Malaysia (1071.0 cubic meters)
  4. Italy (692.0 cubic meters)
  5. Hungary (608.0 cubic meters)
  6. Romania (422.0 cubic meters)
  7. Vietnam (171.0 cubic meters)

Waferboard Exports in Singapore

In 2022, shipments abroad of waferboards decreased by -77.1% to 267 cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. The exports peaked at 1.2K cubic meters in 2021, and then fell remarkably in the following year.

In value terms, waferboard exports fell sharply to $37K in 2022. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, the exports reached the peak of $219K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Waferboard in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia0.13.077.220.5489.6%
Vietnam1.9N/AN/A5.340.8%
GermanyN/AN/AN/A4.50%
United StatesN/AN/AN/A3.50%
Malaysia10920678.21.3-77.2%
ChinaN/AN/A0.30.9200.0%
Thailand8.36.427.8N/A83.0%
Papua New Guinea17.1N/AN/AN/A0%
Taiwan (Chinese)N/AN/A31.1N/A0%
Others9.04.02.60.6-59.5%
Total14621921736.6-36.9%

Top Export Markets for Waferboard from Singapore in 2022:

  1. United States (144.0 cubic meters)
  2. Indonesia (77.0 cubic meters)
  3. Germany (17.0 cubic meters)
  4. Vietnam (13.0 cubic meters)
  5. Malaysia (7.0 cubic meters)
  6. China (5.0 cubic meters)
  7. Thailand (1.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the waferboard 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:

  • Prodcom 16211313 - Particle board, of wood

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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