Singapore: Cellulose Pulp Machinery Market 2024

Cellulose Pulp Machinery Market Size in Singapore

The Singaporean cellulose pulp machinery market fell to $X.8B in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a slight reduction. As a result, consumption attained the peak level of $X.8B. From 2017 to 2022, the growth of the market remained at a lower figure.

Cellulose Pulp Machinery Production in Singapore

In value terms, cellulose pulp machinery production reduced to $X.9B in 2022 estimated in export price. Over the period under review, production saw a slight decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Cellulose Pulp Machinery Exports

Exports from Singapore

After three years of growth, shipments abroad of machinery for making pulp of fibrous cellulosic material decreased by X% to X units in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, cellulose pulp machinery exports dropped dramatically to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for cellulose pulp machinery exports from Singapore, accounting for a X% share of total exports. Moreover, cellulose pulp machinery exports to Indonesia exceeded the volume sent to the second major destination, Turkey (X units), fourfold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for machinery for making pulp of fibrous cellulosic material exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average cellulose pulp machinery export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

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

Cellulose Pulp Machinery Imports

Imports into Singapore

In 2022, after two years of growth, there was significant decline in supplies from abroad of machinery for making pulp of fibrous cellulosic material, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cellulose pulp machinery imports contracted sharply to $X in 2022. In general, imports showed a significant decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units) constituted the largest supplier of cellulose pulp machinery to Singapore, accounting for a X% share of total imports. Moreover, cellulose pulp machinery imports from Finland exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Thailand (X% per year).

In value terms, Finland ($X) constituted the largest supplier of machinery for making pulp of fibrous cellulosic material to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Finland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average cellulose pulp machinery import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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