Singapore: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Singapore

The Singaporean paper making machinery market stood at $X in 2022, leveling off at the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Paper Making Machinery Production in Singapore

In value terms, paper making machinery production amounted to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Paper making machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Paper Making Machinery Exports

Exports from Singapore

In 2022, overseas shipments of machinery for making up paper pulp, paper or paperboard were finally on the rise to reach X units after four years of decline. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paper making machinery exports surged to $X in 2022. Overall, exports, however, continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units), Malaysia (X units) and Australia (X units) were the main destinations of paper making machinery exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper making machinery exported from Singapore were Malaysia ($X), Thailand ($X) and Indonesia ($X), together comprising X% of total exports. Australia, the Philippines, Vietnam, Spain, China, Cambodia, Taiwan (Chinese), Japan and Nepal lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper making machinery export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Nepal ($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.

Paper Making Machinery Imports

Imports into Singapore

In 2022, paper making machinery imports into Singapore shrank markedly to X units, falling by X% against the year before. Over the period under review, imports showed a abrupt contraction. 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 units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper making machinery imports fell dramatically to $X in 2022. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest paper making machinery supplier to Singapore, with a X% share of total imports. Moreover, paper making machinery imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making up paper pulp, paper or paperboard to Singapore, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

Import Prices by Country

The average paper making machinery import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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