Singapore: Sawnwood Market 2020

Sawnwood Market Size in Singapore

The revenue of the sawnwood market in Singapore amounted to $X in 2017, falling by -X% against the previous year. In general, sawnwood consumption continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. The sawnwood consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Sawnwood Production in Singapore

In 2017, the amount of sawnwood produced in Singapore amounted to X cubic meters, approximately mirroring the previous year. In general, sawnwood production continues to indicate a relatively flat trend pattern. The sawnwood production peaked of X cubic meters in 2007; afterwards, it flattened through to 2017.

Sawnwood Exports from Singapore

Sawnwood exports from Singapore totaled X cubic meters in 2017, coming down by -X% against the previous year. Overall, sawnwood exports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2014, when exports increased by X% against the previous year. Over the period under review, the sawnwood exports reached its maximum volume of X cubic meters in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sawnwood exports totaled $X in 2017. Overall, sawnwood exports continue to indicate a deep slump. The exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sawnwood Exports by Country from Singapore

Maldives (X cubic meters), Australia (X cubic meters) and Malaysia (X cubic meters) were the main destinations of sawnwood exports from Singapore, with a combined X% share of total exports. Egypt, China, Hong Kong SAR, South Africa, Yemen, Indonesia, Germany, Sri Lanka, China and Oman lagged somewhat behind, together comprising a further X%.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for sawnwood exports from Singapore, making up X% of total sawnwood exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Australia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Maldives (-X% per year).

Sawnwood Export Prices by Country in Singapore

In 2017, the average sawnwood export price amounted to $X thousand per cubic meter, surging by X% against the previous year. Overall, the export price indicated a tangible expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sawnwood export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when the average export prices increased by X% against the previous year. Over the period under review, the average export prices for sawnwood reached its maximum level of $X thousand per cubic meter in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Australia ($X thousand per cubic meter), while average price for exports to Maldives ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Australia (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Sawnwood Imports into Singapore

Sawnwood imports into Singapore totaled X cubic meters in 2017, waning by -X% against the previous year. In general, sawnwood imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. Over the period under review, the sawnwood imports reached its maximum volume of X cubic meters in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, sawnwood imports stood at $X in 2017. Overall, sawnwood imports continue to indicate a drastic deduction. Over the period under review, the sawnwood imports attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Sawnwood Imports by Country into Singapore

In 2017, Malaysia (X cubic meters) constituted the largest supplier of sawnwood to Singapore, accounting for X% share of total imports. Moreover, sawnwood imports from Malaysia exceeded the figures recorded by the second largest supplier, New Zealand (X cubic meters), sevenfold. Ghana (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Malaysia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Ghana (+X% per year).

In value terms, Malaysia ($X), Indonesia ($X) and Myanmar ($X) appeared to be the largest sawnwood suppliers to Singapore, with a combined X% share of total imports. These countries were followed by New Zealand, Ghana, Canada and Guyana, which together accounted for a further X%.

In terms of the main suppliers , Ghana (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Sawnwood Import Prices by Country in Singapore

The average sawnwood import price stood at $X per cubic meter in 2017, declining by -X% against the previous year. Overall, sawnwood import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when the average import prices increased by X% year-to-year. The import price peaked of $X per cubic meter in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Indonesia ($X thousand per cubic meter), while prices for sawnwood imports from Guyana ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform