Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore - 2023

Contents:

  1. Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (CIF) - 2022
  2. Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (FOB) - 2022
  3. Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore
  4. Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore

Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (CIF) - 2022

The average import price for wood; assembled flooring panels, other than multilayer or mosaic stood at $2,719 per ton in 2022, with a decrease of -2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 8.4%. The import price peaked at $2,792 per ton in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($2,836 per ton) and Malaysia ($2,836 per ton), while the price for the United States ($2,627 per ton) and Indonesia ($2,658 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (FOB) - 2022

In 2022, the average export price for wood; assembled flooring panels, other than multilayer or mosaic amounted to $2,922 per ton, with a decrease of -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The export price peaked at $3,585 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($2,966 per ton) and Israel ($2,966 per ton), while the average price for exports to Mauritius ($2,785 per ton) and Maldives ($2,812 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore

In 2022, approx. 1.6K tons of wood; assembled flooring panels, other than multilayer or mosaic were imported into Singapore; declining by -16.9% against the previous year's figure. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 52%.

In value terms, imports of wood; assembled flooring panels, other than multilayer or mosaic dropped remarkably to $4.3M in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year.

Import of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,7521,7473,0842,298-15.1%
Malaysia5665128636484.6%
Italy12227629822422.5%
Denmark414170195212-20.0%
Indonesia366159115175-21.8%
Taiwan (Chinese)20.314.3221166101.5%
United States36510315.9135-28.2%
Netherlands17525.612694.9-18.5%
Germany1341.312190.6-12.2%
India59.713353.466.83.8%
Others690138205179-36.2%
Total6,6643,2805,2984,289-13.7%

Top Suppliers of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic to Singapore in 2022:

  1. China (853.3 tons)
  2. Malaysia (228.6 tons)
  3. Denmark (79.2 tons)
  4. Italy (79.1 tons)
  5. Indonesia (65.9 tons)
  6. Taiwan (Chinese) (58.6 tons)
  7. United States (51.3 tons)
  8. Netherlands (35.6 tons)
  9. Germany (33.8 tons)
  10. India (24.9 tons)

Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore

In 2022, the amount of wood; assembled flooring panels, other than multilayer or mosaic exported from Singapore soared to 636 tons, rising by 26% against the year before. In general, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 35%. As a result, the exports attained the peak of 767 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of wood; assembled flooring panels, other than multilayer or mosaic surged to $1.9M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 27%. As a result, the exports reached the peak of $2.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1,1047551,009976-4.0%
Maldives1781,00611.237828.5%
Israel19411629728814.1%
Sri Lanka13990.829.181.8-16.2%
Indonesia46.355.310.035.3-8.6%
Mauritius0.534.635.033.9307.8%
Thailand2.177.725.333.3151.2%
Others61.749.811331.7-19.9%
Total1,7252,1861,5301,8582.5%

Top Export Markets for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic from Singapore in 2022:

  1. Malaysia (329.1 tons)
  2. Maldives (134.4 tons)
  3. Israel (97.1 tons)
  4. Sri Lanka (28.2 tons)
  5. Indonesia (12.3 tons)
  6. Mauritius (12.2 tons)
  7. Thailand (11.8 tons)

Source: IndexBox Market Intelligence Platform

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