Price for Wood; Statuettes and Other Ornaments of Wood in Singapore - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Singapore (CIF) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Singapore (FOB) - 2022
- Imports of Wood; Statuettes and Other Ornaments of Wood in Singapore
- Exports of Wood; Statuettes and Other Ornaments of Wood in Singapore
Price for Wood; Statuettes and Other Ornaments of Wood in Singapore (CIF) - 2022
The average import price for wood; statuettes and other ornaments of wood stood at $7,703 per ton in 2022, declining by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 16%. As a result, import price attained the peak level of $7,903 per ton, and then dropped in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($7,862 per ton) and Japan ($7,862 per ton), while the price for Hong Kong SAR ($6,743 per ton) and the United States ($6,760 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Singapore (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $21,227 per ton, growing by 111% against the previous year. In general, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($35,852 per ton), while the average price for exports to Angola ($836 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 Hong Kong SAR (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Statuettes and Other Ornaments of Wood in Singapore
In 2022, imports of wood; statuettes and other ornaments of wood into Singapore declined dramatically to 296 tons, which is down by -41.8% compared with 2021 figures. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 36%.
In value terms, imports of wood; statuettes and other ornaments of wood fell dramatically to $2.3M in 2022. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of $4M, and then declined rapidly in the following year.
| Import of Wood; Statuettes and Other Ornaments of Wood in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,455 | 912 | 1,933 | 1,072 | -9.7% |
| Italy | 681 | 509 | 650 | 361 | -19.1% |
| Indonesia | 246 | 81.5 | 286 | 159 | -13.5% |
| Taiwan (Chinese) | 200 | 220 | 251 | 139 | -11.4% |
| Malaysia | 77.3 | 72.3 | 194 | 108 | 11.8% |
| India | 155 | 48.3 | 158 | 87.7 | -17.3% |
| France | 19.8 | 149 | 106 | 59.1 | 44.0% |
| Switzerland | 92.8 | 79.0 | 94.3 | 52.3 | -17.4% |
| Thailand | 68.3 | 99.0 | 84.8 | 47.1 | -11.7% |
| United States | 112 | 59.4 | 43.0 | 39.1 | -29.6% |
| Japan | 60.2 | 20.7 | 65.0 | 36.1 | -15.7% |
| Others | 286 | 296 | 149 | 118 | -25.6% |
| Total | 3,455 | 2,547 | 4,013 | 2,278 | -13.0% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Singapore in 2022:
- China (136.4 tons)
- Italy (48.1 tons)
- Indonesia (20.2 tons)
- Taiwan (Chinese) (17.7 tons)
- Malaysia (13.7 tons)
- India (11.2 tons)
- France (7.5 tons)
- Switzerland (6.9 tons)
- Thailand (6.6 tons)
- United States (5.8 tons)
- Japan (4.6 tons)
Exports of Wood; Statuettes and Other Ornaments of Wood in Singapore
In 2022, exports of wood; statuettes and other ornaments of wood from Singapore contracted markedly to 902 kg, waning by -98.7% on the previous year. Overall, exports showed a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 102% against the previous year. As a result, the exports attained the peak of 72 tons, and then reduced notably in the following year.
In value terms, exports of wood; statuettes and other ornaments of wood reduced sharply to $19K in 2022. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $726K, and then fell notably in the following year.
| Export of Wood; Statuettes and Other Ornaments of Wood in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 5.3 | 3.5 | 16.3 | 14.3 | 39.2% |
| Philippines | 5.9 | N/A | N/A | 3.7 | -14.4% |
| Brunei Darussalam | 0.1 | 1.2 | 2.9 | 0.9 | 108.0% |
| Angola | N/A | N/A | 0.6 | 0.1 | -83.3% |
| Sri Lanka | 0.4 | 0.5 | 0.5 | 0.1 | -37.0% |
| Hong Kong SAR | 20.8 | 3.6 | 114 | N/A | 134.1% |
| Thailand | 0.3 | 11.7 | 5.9 | N/A | 343.5% |
| Netherlands | 0.1 | 26.8 | 47.2 | N/A | 2072.6% |
| United States | 205 | 101 | 183 | N/A | -5.5% |
| France | 102 | 5.3 | 59.2 | N/A | -23.8% |
| Iceland | 47.9 | N/A | N/A | N/A | 0% |
| Australia | 30.4 | 17.5 | 70.3 | N/A | 52.1% |
| Maldives | 99.5 | 105 | 3.1 | N/A | -82.3% |
| Others | 151 | 74.4 | 223 | N/A | 21.5% |
| Total | 669 | 351 | 726 | 19.1 | -69.4% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Singapore in 2022:
- Taiwan (Chinese) (398.0 kg)
- Brunei Darussalam (210.0 kg)
- Angola (165.0 kg)
- Philippines (112.0 kg)
- Sri Lanka (17.0 kg)
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