Singapore: Wooden Door Market 2024

Wooden Door Market Size in Singapore

After four years of decline, the Singaporean wooden door market increased by 37% to $X in 2021. In general, consumption, however, continues to indicate a deep slump. Wooden door consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wooden Door Exports

Exports from Singapore

In 2021, exports of doors and their frames and thresholds of wood from Singapore totaled X units, with an increase of 11% on 2020. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 334%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden door exports amounted to $X in 2021. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2019 when exports increased by 303%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X units), the United States (X units) and Myanmar (X units) were the main destinations of wooden door exports from Singapore, together comprising 41% of total exports. These countries were followed by the Philippines, Indonesia, Cambodia, Maldives, Thailand and Malaysia, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +110.9%), while the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), Myanmar ($X) and the United States ($X) were the largest markets for wooden door exported from Singapore worldwide, with a combined 44% share of total exports. These countries were followed by the Philippines, Indonesia, Cambodia, Maldives, Thailand and Malaysia, which together accounted for a further 45%.

Cambodia, with a CAGR of +112.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, shrinking by -8.7% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden door export price decreased by -26.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 41% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Vietnam ($X per unit) and Myanmar ($X per unit), while the average price for exports to Thailand ($X per unit) and Cambodia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Wooden Door Imports

Imports into Singapore

In 2021, supplies from abroad of doors and their frames and thresholds of wood was finally on the rise to reach X units after four years of decline. In general, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 32%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden door imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), China (X units) and Indonesia (X units) were the main suppliers of wooden door imports to Singapore, with a combined 96% share of total imports. Thailand, India and Vietnam lagged somewhat behind, together comprising a further 3.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +49.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) appeared to be the largest wooden door suppliers to Singapore, with a combined 96% share of total imports. These countries were followed by Thailand, India and Vietnam, which together accounted for a further 3.3%.

In terms of the main suppliers, India, with a CAGR of +56.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Vietnam ($X per unit) and India ($X per unit), while the price for China ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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