Singapore: Wrapping Papers Market Overview 2021

Wrapping Papers Market Size in Singapore

The Singaporean wrapping papers market reached $X in 2020, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a temperate increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Wrapping papers consumption peaked in 2020 and is expected to retain growth in the near future.

Wrapping Papers Exports

Exports from Singapore

In 2020, the amount of wrapping paper, packaging paper and paperboard exported from Singapore soared to X tonnes, growing by X% on the year before. Over the period under review, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2011 to 2020, the growth exports remained at a lower figure.

In value terms, wrapping papers exports fell slightly to $X in 2020. In general, total exports indicated a temperate increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tonnes) was the main destination for wrapping papers exports from Singapore, accounting for a X% share of total exports. Moreover, wrapping papers exports to Indonesia exceeded the volume sent to the second major destination, Viet Nam (X tonnes), sixfold. Papua New Guinea (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Papua New Guinea (+X% per year).

In value terms, Viet Nam ($X), Indonesia ($X) and Malaysia ($X) appeared to be the largest markets for wrapping papers exported from Singapore worldwide, with a combined X% share of total exports. These countries were followed by Taiwan (Chinese), Japan, India, Papua New Guinea and Benin, which together accounted for a further X the main countries of destination, Benin saw 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 2020, the average wrapping papers export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Singapore

In 2020, imports of wrapping paper, packaging paper and paperboard into Singapore reached X tonnes, growing by X% against 2019 figures. In general, total imports indicated a slight increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, wrapping papers imports skyrocketed to $X in 2020. Overall, total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest supplier of wrapping papers to Singapore, with a X% share of total imports. Moreover, wrapping papers imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Malaysia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the largest wrapping papers suppliers to Singapore were Malaysia ($X), China ($X) and Indonesia ($X), with a combined X% share of total imports.

China saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wrapping papers import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wrapping paper, packaging paper and paperboard in the world?

+

The country with the largest volume of wrapping papers consumption was China (7.7M tonnes), accounting for 38% of total volume. Moreover, wrapping papers consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2M tonnes), fourfold. The third position in this ranking was occupied by Italy (721K tonnes), with a 3.6% share.

What are the largest producers of wrapping paper, packaging paper and paperboard in the world?

+

China (7.1M tonnes) remains the largest wrapping papers producing country worldwide, accounting for 36% of total volume. Moreover, wrapping papers production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.5M tonnes), threefold. Sweden (968K tonnes) ranked third in terms of total production with a 5% share.

What are the leading suppliers of wrapping paper, packaging paper and paperboard to Singapore?

+

In value terms, the largest wrapping papers suppliers to Singapore were Malaysia ($23M), China ($22M) and Indonesia ($6.4M), together accounting for 69% of total imports.

What are the leading importers of wrapping paper, packaging paper and paperboard from Singapore?

+

In value terms, the largest markets for wrapping papers exported from Singapore were Viet Nam ($7.6M), Indonesia ($7M) and Malaysia ($1.9M), together comprising 74% of total exports. Taiwan (Chinese), Japan, India, Papua New Guinea and Benin lagged somewhat behind, together accounting for a further 8.6%.

What is the average export price for wrapping paper, packaging paper and paperboard in Singapore?

+

The average wrapping papers export price stood at $1,721 per tonne in 2020, shrinking by -22.5% against the previous year.

What is the average import price for wrapping paper, packaging paper and paperboard in Singapore?

+

In 2020, the average wrapping papers import price amounted to $789 per tonne, growing by 3.4% against the previous year.