Price for Wood; Shuttering for Concrete Constructional Work in Singapore - 2023
Contents:
- Price for Wood; Shuttering for Concrete Constructional Work in Singapore (FOB) - 2022
- Price for Wood; Shuttering for Concrete Constructional Work in Singapore (CIF) - 2022
- Exports of Wood; Shuttering for Concrete Constructional Work in Singapore
- Imports of Wood; Shuttering for Concrete Constructional Work in Singapore
Price for Wood; Shuttering for Concrete Constructional Work in Singapore (FOB) - 2022
The average export price for wood; shuttering for concrete constructional work stood at $1,748 per ton in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Japan ($2,892 per ton), while the average price for exports to South Korea ($1,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wood; Shuttering for Concrete Constructional Work in Singapore (CIF) - 2022
The average import price for wood; shuttering for concrete constructional work stood at $1,668 per ton in 2022, rising by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,802 per ton), while the price for Spain ($1,185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood; Shuttering for Concrete Constructional Work in Singapore
In 2022, overseas shipments of wood; shuttering for concrete constructional work increased by 622% to 230 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp curtailment.
In value terms, exports of wood; shuttering for concrete constructional work soared to $401K in 2022. In general, exports, however, recorded a significant decline.
| Export of Wood; Shuttering for Concrete Constructional Work in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 332 | 0% |
| Japan | N/A | N/A | N/A | 57.7 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 9.5 | 0% |
| Sri Lanka | 759 | 95.2 | N/A | N/A | -87.5% |
| Cambodia | N/A | N/A | 50.1 | N/A | 0% |
| India | 50.7 | 22.1 | N/A | N/A | -56.4% |
| Others | 32.9 | 28.3 | N/A | 2.0 | -60.7% |
| Total | 842 | 146 | 50.2 | 401 | -21.9% |
Top Export Markets for Wood; Shuttering for Concrete Constructional Work from Singapore in 2022:
- South Korea (203.3 tons)
- Japan (20.0 tons)
- United Arab Emirates (5.4 tons)
Imports of Wood; Shuttering for Concrete Constructional Work in Singapore
In 2022, purchases abroad of wood; shuttering for concrete constructional work decreased by -91% to 63 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 377% against the previous year. As a result, imports reached the peak of 699 tons, and then shrank significantly in the following year.
In value terms, imports of wood; shuttering for concrete constructional work fell significantly to $105K in 2022. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 519%. As a result, imports attained the peak of $1.1M, and then declined significantly in the following year.
| Import of Wood; Shuttering for Concrete Constructional Work in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.5 | 41.0 | 70.8 | 53.2 | 21.7% |
| Germany | 125 | 30.5 | 1.1 | 28.9 | -38.6% |
| Austria | N/A | 16.2 | 208 | 11.8 | -14.7% |
| Malaysia | N/A | 28.3 | 3.2 | 9.8 | -41.2% |
| Japan | N/A | 36.2 | 732 | N/A | 1922.1% |
| Italy | N/A | 25.3 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 118 | N/A | 0% |
| Others | 25.6 | 6.0 | 2.8 | 1.0 | -66.1% |
| Total | 180 | 183 | 1,136 | 105 | -16.4% |
Top Suppliers of Wood; Shuttering for Concrete Constructional Work to Singapore in 2022:
- China (32.5 tons)
- Germany (16.1 tons)
- Austria (7.3 tons)
- Malaysia (6.0 tons)
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