Singapore: Hardboard Market Overview 2020

Hardboard Market Size in Singapore

The revenue of the hardboard market in Singapore amounted to $X in 2018, going down 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, hardboard consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. In that year, the hardboard market reached its peak level of $X. From 2013 to 2018, the growth of the hardboard market failed to regain its momentum.

Hardboard Exports

Exports from Singapore

Hardboard exports from Singapore totaled X cubic meters in 2018, coming down by -X% against the previous year. In general, hardboard exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, hardboard exports reached their maximum at X cubic meters in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, hardboard exports totaled $X in 2018. Over the period under review, hardboard exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X cubic meters), China, Hong Kong SAR (X cubic meters) and Samoa (X cubic meters) were the main destinations of hardboard exports from Singapore, together comprising X% of total exports. These countries were followed by Sri Lanka, Malaysia, Northern Mariana Islands, South Africa, Thailand, Australia, Norway, Maldives and China, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by South Africa (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hardboard exported from Singapore were Samoa ($X), the Philippines ($X) and China, Hong Kong SAR ($X), together comprising X% of total exports. These countries were followed by Sri Lanka, Malaysia, Northern Mariana Islands, Thailand, Maldives, Australia, China, South Africa and Norway, which together accounted for a further X Africa (+X% per year) recorded the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average hardboard export price amounted to $X per cubic meter, growing by X% against the previous year. Overall, the hardboard export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per cubic meter in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Samoa ($X per cubic meter), while the average price for exports to Norway ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Samoa, while the prices for the other major destinations experienced mixed trend patterns.

Hardboard Imports

Imports into Singapore

Hardboard imports into Singapore amounted to X cubic meters in 2018, dropping by -X% against the previous year. In general, hardboard imports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, hardboard imports attained their peak of X cubic meters. From 2013 to 2018, the growth of hardboard imports remained at a lower figure.

In value terms, hardboard imports stood at $X in 2018. In general, hardboard imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. In that year, hardboard imports reached their peak of $X. From 2013 to 2018, the growth of hardboard imports remained at a lower figure.

Imports by Country

Belgium (X cubic meters), China (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of hardboard imports to Singapore, together comprising X% of total imports. These countries were followed by Indonesia, Thailand, the Netherlands, Viet Nam, Brazil and Australia, 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, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and China ($X) constituted the largest hardboard suppliers to Singapore, with a combined X% share of total imports.

The Netherlands recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hardboard import price stood at $X per cubic meter in 2018, surging by X% against the previous year. In general, the hardboard import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. In that year, the average import prices for hardboard attained their peak level of $X per cubic meter. From 2015 to 2018, the growth in terms of the average import prices for hardboard remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform