Singapore: Wrapping Papers Market 2022

Wrapping Papers Market Size in Singapore

The Singaporean wrapping papers market rose sharply to $X in 2021, 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, however, saw a pronounced shrinkage. Wrapping papers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wrapping Papers Exports

Exports from Singapore

In 2021, shipments abroad of wrapping paper, packaging paper and paperboard decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wrapping papers exports shrank rapidly to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, 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 Japan (+X% per year).

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest markets for wrapping papers exported from Singapore worldwide, together accounting for X% of total exports. China, Papua New Guinea, Japan and Nigeria lagged somewhat behind, together comprising a further X the main countries of destination, Nigeria, with a CAGR of +X%, recorded 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

The average wrapping papers export price stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, the export price, however, showed a mild increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Wrapping Papers Imports

Imports into Singapore

In 2021, the amount of wrapping paper, packaging paper and paperboard imported into Singapore dropped modestly to X tons, approximately reflecting the previous year. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wrapping papers imports expanded significantly to $X in 2021. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) 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, Taiwan (Chinese) (X tons), fourfold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, 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: Taiwan (Chinese) (+X% per year) and China (+X% per year).

In value terms, the largest wrapping papers suppliers to Singapore were Malaysia ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Thailand, the Netherlands, South Korea, Russia, Sweden, the United States and Indonesia lagged somewhat behind, together accounting for a further X the main suppliers, Thailand, with a CAGR of +X%, recorded the highest growth rate of the value of imports, 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 ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :