Singapore: Chipped Coniferous Wood Market 2020

Chipped Coniferous Wood Market Size in Singapore

The revenue of the chipped coniferous wood market in Singapore amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, chipped coniferous wood consumption, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Chipped coniferous wood consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Chipped Coniferous Wood Exports

Exports from Singapore

In 2018, the chipped coniferous wood exports from Singapore amounted to X tons, growing by X% against the previous year. Overall, chipped coniferous wood exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. In that year, chipped coniferous wood exports reached their peak of X tons. From 2009 to 2018, the growth of chipped coniferous wood exports failed to regain its momentum.

In value terms, chipped coniferous wood exports stood at $X in 2018. Overall, chipped coniferous wood exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, chipped coniferous wood exports reached their maximum at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), the Philippines (X tons) and the United Arab Emirates (X tons) were the main destinations of chipped coniferous wood exports from Singapore, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for chipped coniferous wood exports from Singapore, comprising X% of total chipped coniferous wood exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to New Zealand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2018, the average chipped coniferous wood export price amounted to $X per ton, going up by X% against the previous year. In general, the chipped coniferous wood export price, however, continues to indicate a moderate reduction. The growth pace was the most rapid in 2015 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for coniferous wood in chips or particles attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Chipped Coniferous Wood Imports

Imports into Singapore

In 2018, the chipped coniferous wood imports into Singapore stood at X tons, shrinking by -X% against the previous year. Overall, chipped coniferous wood imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, chipped coniferous wood imports reached their maximum at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, chipped coniferous wood imports stood at $X in 2018. Overall, chipped coniferous wood imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The UK (X tons), Canada (X tons) and the U.S. (X tons) were the main suppliers of chipped coniferous wood imports to Singapore, with a combined X% share of total imports. These countries were followed by China, Indonesia, Australia and Malaysia, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of chipped coniferous wood to Singapore, comprising X% of total chipped coniferous wood imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the average chipped coniferous wood import price amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the import price indicated a tangible increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped coniferous wood import price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform