Singapore: Photographic Paper Market 2024

Photographic Paper Market Size in Singapore

In 2021, the Singaporean photographic paper market increased by 1,118% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Photographic Paper Production in Singapore

In value terms, photographic paper production shrank dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume decreased by -34.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped sharply in the following year.

Photographic Paper Exports

Exports from Singapore

Photographic paper exports from Singapore surged to X square meters in 2021, jumping by 20% on the previous year. In general, exports, however, recorded a deep slump. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, photographic paper exports rose to $X in 2021. Overall, exports, however, faced a drastic downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for photographic paper exports from Singapore, accounting for a 48% share of total exports. Moreover, photographic paper exports to Vietnam exceeded the volume sent to the second major destination, Japan (X square meters), threefold. The third position in this ranking was held by Hong Kong SAR (X square meters), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.0% per year) and Hong Kong SAR (-12.6% per year).

In value terms, the largest markets for photographic paper exported from Singapore were Vietnam ($X), Hong Kong SAR ($X) and Japan ($X), together comprising 75% of total exports. Taiwan (Chinese), Bangladesh, Indonesia, Malaysia, Cambodia, Sri Lanka and Thailand lagged somewhat behind, together comprising a further 18%.

Bangladesh, with a CAGR of +20.0%, saw the highest rates of growth with regard to 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 photographic paper export price stood at $X per square meter in 2021, dropping by -13% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 7.8% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per square meter), while the average price for exports to Bangladesh ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into Singapore

Photographic paper imports into Singapore soared to X square meters in 2021, rising by 941% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, photographic paper imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X square meters) constituted the largest photographic paper supplier to Singapore, accounting for a 86% share of total imports. Moreover, photographic paper imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), sevenfold. China (X square meters) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +316.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.2% per year) and China (-11.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of photographic paper, paperboard and textiles to Singapore, comprising 83% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by China, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +306.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.0% per year) and China (-10.3% per year).

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, which is down by -13.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :