Singapore - Polishes And Creams For Wooden Furniture And Floors - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Singapore - Polishes And Creams For Wooden Furniture And Floors - Market Analysis, Forecast, Size, Trends And Insights

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Wooden Furniture Treatments Price in Singapore - 2022

Contents:

  1. Wooden Furniture Treatments Price in Singapore (CIF) - 2022
  2. Wooden Furniture Treatments Price in Singapore (FOB) - 2022
  3. Wooden Furniture Treatments Imports in Singapore
  4. Wooden Furniture Treatments Exports in Singapore

Wooden Furniture Treatments Price in Singapore (CIF) - 2022

In 2022, the average wooden furniture treatments import price amounted to $6,277 per ton, surging by 36% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price increased by +63.9% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($11,595 per ton), while the price for Malaysia ($1,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Wooden Furniture Treatments Price in Singapore (FOB) - 2022

The average wooden furniture treatments export price stood at $10,099 per ton in September 2022, rising by 180% against the previous month. Over the period under review, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Indonesia ($26,179 per ton), while the average price for exports to the Philippines ($3,665 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports in Singapore

In 2022, imports of polishes and creams for wooden furniture and floors into Singapore reduced dramatically to 79 tons, waning by -36.5% on the previous year's figure. Over the period under review, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year.

In value terms, wooden furniture treatments imports declined to $499K in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 92% against the previous year.

Import of Wooden Furniture Treatments in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany27.47.348.113570.2%
United States42.963.542.812141.3%
Netherlands15.029.363.749.649.0%
Indonesia84.435.773.444.8-19.0%
Philippines27.810.328.841.214.0%
Malaysia38.144.14.825.3-12.8%
Sweden7.59.821.218.334.6%
China30.842.368.816.1-19.4%
France252N/AN/A3.5-76.0%
United Arab Emirates22.220.224.3N/A4.6%
Others58.737.420043.6-9.4%
Total607300576499-6.3%

Top Suppliers of Wooden Furniture Treatments to Singapore in 2022:

  1. Malaysia (16.9 tons)
  2. Germany (12.9 tons)
  3. Philippines (12.7 tons)
  4. United States (10.5 tons)
  5. Indonesia (9.0 tons)
  6. Netherlands (6.4 tons)
  7. Sweden (4.3 tons)
  8. China (4.2 tons)
  9. France (0.3 tons)

Wooden Furniture Treatments Exports in Singapore

In 2022, wooden furniture treatments exports from Singapore soared to 130 tons, picking up by 44% on the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, wooden furniture treatments exports skyrocketed to $594K in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Wooden Furniture Treatments in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brunei Darussalam19113122026111.0%
Indonesia17454.530.293.3-18.8%
Malaysia84.438.764.988.41.6%
Vietnam54.555.553.285.116.0%
Philippines28.812.114.830.82.3%
Bangladesh5.54.512.26.66.3%
Sri Lanka24.922.7N/A0.8-68.2%
Others17.328.612.627.616.8%
Total5813484085940.7%

Top Export Markets for Wooden Furniture Treatments from Singapore in 2022:

  1. Sri Lanka (undefined tons)
  2. Brunei Darussalam (45.5 tons)
  3. Malaysia (31.0 tons)
  4. Vietnam (26.4 tons)
  5. Philippines (10.8 tons)
  6. Indonesia (6.0 tons)
  7. Bangladesh (4.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wooden furniture treatments market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20414350 - Polishes, creams and similar preparations, for the maintenance of wooden furniture, floors or other woodwork (excluding artificial and prepared waxes)

Country coverage:

  • Singapore

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Singapore
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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