Singapore: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Singapore

The Singaporean market for wood chips, parts, residues, pellets and other agglomerates reduced to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Singapore

In value terms, production of wood chips, parts, residues, pellets and other agglomerates contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Singapore

In 2022, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were exported from Singapore; increasing by X% compared with 2021. Overall, exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2022. In general, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X cubic meters), the Philippines (X cubic meters) and Malaysia (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from Singapore, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by the Philippines, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, dropping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2021, and then fell 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 Hong Kong SAR ($X per cubic meter), while the average price for exports to the Philippines ($X per cubic meter) was amongst the lowest.

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

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Singapore

In 2022, the amount of wood chips, parts, residues, pellets and other agglomerates imported into Singapore fell notably to X cubic meters, with a decrease of X% compared with 2021 figures. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates dropped sharply to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a X% share.

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

In value terms, Malaysia ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Singapore, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

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

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, reducing by X% against the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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