Singapore: Wooden Window Market 2022

Wooden Window Market Size in Singapore

The Singaporean wooden window market skyrocketed to $X in 2021, increasing by 21% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wooden Window Production in Singapore

In value terms, wooden window production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wooden Window Exports

Exports from Singapore

In 2021, shipments abroad of windows, french windows and their frames of wood decreased by -90.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 503% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wooden window exports fell significantly to $X in 2021. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 507% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) and the United States (X kg) were the main destinations of wooden window exports from Singapore.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +0.2%).

In value terms, Indonesia ($X) and the United States ($X) constituted the largest markets for wooden window exported from Singapore worldwide.

Among the main countries of destination, Indonesia, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average wooden window export price stood at $X per ton in 2021, increasing by 4.7% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden window export price increased by +7.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Window Imports

Imports into Singapore

In 2021, overseas purchases of windows, french windows and their frames of wood decreased by -74.9% to X tons, falling for the fifth year in a row after five years of growth. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2015 when imports increased by 78% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, wooden window imports dropped rapidly to $X in 2021. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wooden window to Singapore, with a 48% share of total imports. Moreover, wooden window imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-25.4% per year) and Indonesia (+13.9% per year).

In value terms, China ($X) constituted the largest supplier of wooden window to Singapore, comprising 48% of total imports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-24.9% per year) and Indonesia (+15.4% per year).

Import Prices by Country

In 2021, the average wooden window import price amounted to $X per ton, increasing by 7.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Indonesia ($X per ton) and Israel ($X per ton), while the price for Germany ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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