Singapore: Playing Cards Market 2024

Playing Cards Market Size in Singapore

For the fourth consecutive year, the Singaporean playing cards market recorded growth in sales value, which increased by 8.1% to $X in 2022. Overall, consumption, however, showed a perceptible decrease. Playing cards consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Playing Cards Production in Singapore

In value terms, playing cards production shrank to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 580%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Playing Cards Exports

Exports from Singapore

Playing cards exports from Singapore soared to X tons in 2022, picking up by 38% against 2021 figures. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 271%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, playing cards exports rose notably to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 238%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Macao SAR (X tons) and the Philippines (X tons) were the main destinations of playing cards exports from Singapore, with a combined 70% 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 Macao SAR (with a CAGR of +158.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Macao SAR ($X) and the Philippines ($X) were the largest markets for playing cards exported from Singapore worldwide, with a combined 69% share of total exports.

Among the main countries of destination, Macao SAR, with a CAGR of +169.3%, recorded the highest growth rate of 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

In 2022, the average playing cards export price amounted to $X per ton, declining by -23.5% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, playing cards export price increased by +3.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Vietnam ($X per ton), while the average price for exports to Thailand ($X per ton) and Macao SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Playing Cards Imports

Imports into Singapore

In 2022, purchases abroad of playing cards increased by 42% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, playing cards imports surged to $X in 2022. Over the period under review, imports showed a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 113% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Japan (X tons) and China (X tons) were the main suppliers of playing cards imports to Singapore, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest playing cards suppliers to Singapore were the United States ($X), Japan ($X) and China ($X), together comprising 93% of total imports.

Among the main suppliers, China, with a CAGR of +28.6%, saw the highest rates of growth with regard to 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

In 2022, the average playing cards import price amounted to $X per ton, rising by 3% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, playing cards import price increased by +34.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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