Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore - 2023

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, rising by 6.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16% against the previous year. The import price peaked at $0.4 per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($3.5 per square meter), while the price for Vietnam ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.5 per square meter in 2022, shrinking by -23.4% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -27.8% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 51%. As a result, the export price reached the peak level of $0.7 per square meter. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($1.3 per square meter), while the average price for exports to Nigeria ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore

In 2022, purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses was finally on the rise to reach 1.2M square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a significant contraction. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at 8.7M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses skyrocketed to $473K in 2022. In general, imports, however, showed a dramatic downturn. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the maximum at $2.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Singapore in 2022:

1. Saudi Arabia (433.1K square meters)
2. Taiwan (Chinese) (222.6K square meters)
3. Belgium (175.4K square meters)
4. Denmark (101.5K square meters)
5. China (90.1K square meters)
6. Italy (58.9K square meters)
7. United States (21.9K square meters)
8. United Kingdom (10.6K square meters)
9. South Korea (4.0K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Singapore

After two years of decline, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses increased by 39% to 248K square meters in 2022. Over the period under review, exports, however, recorded a significant contraction. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses attained the maximum at 5M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses rose sharply to $122K in 2022. Overall, exports, however, recorded a sharp slump. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Singapore in 2022:

1. Nigeria (55.7K square meters)
2. India (53.9K square meters)
3. Indonesia (43.3K square meters)
4. New Zealand (34.7K square meters)
5. Vietnam (27.4K square meters)
6. Australia (8.4K square meters)
7. Malaysia (8.3K square meters)

Source: IndexBox Market Intelligence Platform