Singapore: Fiberboard Market 2024

Fiberboard Market Size in Singapore

In 2022, the Singaporean fiberboard market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a slight shrinkage. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Fiberboard Exports

Exports from Singapore

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were exported from Singapore; which is down by X% compared with the previous year. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fiberboard exports dropped markedly to $X in 2022. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X cubic meters), Indonesia (X cubic meters) and France (X cubic meters) were the main destinations of fiberboard exports from Singapore, together accounting for X% of total exports. Bangladesh, Kiribati, Sri Lanka, Japan, Australia and Maldives lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Malaysia ($X), Indonesia ($X) and France ($X) were the largest markets for fiberboard exported from Singapore worldwide, together accounting for X% of total exports. Bangladesh, Kiribati, Sri Lanka, Japan, Australia and Maldives lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average fiberboard export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fiberboard export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per cubic meter) and Australia ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) and Maldives ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Singapore

After six years of decline, supplies from abroad of fiber board of wood or other ligneous materials increased by X% to X cubic meters in 2022. In general, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, fiberboard imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X cubic meters), New Zealand (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of fiberboard imports to Singapore, together accounting for X% of total imports. India, Italy, Belgium, Ireland, Thailand, the United States, Germany and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and New Zealand ($X) constituted the largest fiberboard suppliers to Singapore, with a combined X% share of total imports. India, Italy, Belgium, Ireland, Thailand, the United States, Germany and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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

The average fiberboard import price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ireland ($X per cubic meter) and Malaysia ($X per cubic meter), while the price for the United States ($X per cubic meter) and Thailand ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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