Singapore: Recovered Paper Market 2024

Recovered Paper Market Size in Singapore

The Singaporean recovered paper market expanded markedly to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Recovered Paper Production in Singapore

In value terms, recovered paper production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Recovered Paper Exports

Exports from Singapore

In 2022, the amount of recovered paper exported from Singapore reduced to X tons, waning by X% against the previous year. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, recovered paper exports reduced to $X in 2022. In general, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for recovered paper exports from Singapore, with a X% share of total exports. Moreover, recovered paper exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for recovered paper exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by India, 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: Malaysia (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average recovered paper export price amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

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

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

Recovered Paper Imports

Imports into Singapore

After two years of growth, purchases abroad of recovered paper decreased by X% to X tons in 2022. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, recovered paper imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) were the main suppliers of recovered paper imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Malaysia ($X) constituted the largest supplier of recovered paper to Singapore, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

The average recovered paper import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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