Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore - 2023

Contents:

  1. Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (FOB) - 2022
  2. Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (CIF) - 2022
  3. Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore
  4. Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore

Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (FOB) - 2022

In 2022, the average export price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $13,744 per ton, rising by 47% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 62%. The export price peaked at $16,734 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Hong Kong SAR ($117,000 per ton), while the average price for exports to Papua New Guinea ($4,310 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 (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (CIF) - 2022

In 2022, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $8,052 per ton, increasing by 23% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $8,564 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -0.9% per year.

Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore

In 2022, exports of fabrics; "long pile" fabrics, knitted or crocheteds from Singapore skyrocketed to 27 tons, increasing by 52% compared with the previous year. Overall, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. As a result, the exports attained the peak of 65 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds surged to $367K in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 192%. As a result, the exports attained the peak of $906K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia10847182.71213.9%
Malaysia46.217927.111334.7%
Hong Kong SAR17.498.126.057.048.5%
Bangladesh12.371.919.744.853.9%
Papua New Guinea14.460.92.720.612.7%
Vietnam3.114.53.25.823.2%
Paraguay105N/AN/AN/A0%
Others3.810.02.45.09.6%
Total3109061643675.8%

Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from Singapore in 2022:

  1. Malaysia (9.1 tons)
  2. Indonesia (8.7 tons)
  3. Papua New Guinea (4.8 tons)
  4. Bangladesh (3.2 tons)
  5. Hong Kong SAR (0.5 tons)
  6. Vietnam (0.3 tons)

Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore

In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds imported into Singapore skyrocketed to 3.5 tons, increasing by 25% against the previous year's figure. Overall, imports showed slight growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,770%. As a result, imports attained the peak of 96 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds skyrocketed to $28K in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 2,597% against the previous year. As a result, imports attained the peak of $649K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia22.558717.125.03.6%
China0.410.80.20.40.0%
PolandN/A13.7N/AN/A0%
Others1.237.81.23.137.2%
Total24.164918.528.55.7%

Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to Singapore in 2022:

  1. Malaysia (3.2 tons)

Source: IndexBox Market Intelligence Platform

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