Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore - 2022

Contents:

  1. Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (CIF) - 2022
  2. Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (FOB) - 2022
  3. Imports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore
  4. Exports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore

Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (CIF) - 2022

In 2022, the average import price for furskins; raw, of mink, whole, with or without head, tail or pawses amounted to $105,115 per ton, stabilizing at the previous year. In general, the import price saw a abrupt descent. The growth pace was the most rapid in 2021 an increase of 105%. Over the period under review, average import prices attained the peak figure at $478,000 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($635,000 per ton), while the price for Poland amounted to $104,458 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.6%).

Price for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (FOB) - 2022

The average export price for furskins; raw, of mink, whole, with or without head, tail or pawses stood at $184,222 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of 101% against the previous year. As a result, the export price reached the peak level of $698,098 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -5.6% per year.

Imports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore

After three years of growth, overseas purchases of furskins; raw, of mink, whole, with or without head, tail or pawses decreased by -49.2% to 808 kg in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 6,260% against the previous year. As a result, imports attained the peak of 1.6 tons, and then dropped remarkably in the following year.

In value terms, imports of furskins; raw, of mink, whole, with or without head, tail or pawses declined markedly to $85K in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 12,937% against the previous year. As a result, imports reached the peak of $169K, and then reduced markedly in the following year.

Import of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/A16584.3-48.9%
Others0.81.34.00.6-9.1%
Total0.81.316984.9373.4%

Top Suppliers of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws to Singapore in 2022:

  1. Poland (807.0 kg)

Exports of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore

In 2022, overseas shipments of furskins; raw, of mink, whole, with or without head, tail or pawses decreased by -5.3% to 18 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 13%.

In value terms, exports of furskins; raw, of mink, whole, with or without head, tail or pawses declined to $3.3K in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, the exports attained the peak of $3.5K, and then reduced in the following year.

Export of Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia2.83.13.53.35.6%
OthersN/AN/AN/AN/A0%
Total2.83.13.53.35.6%

Top Export Markets for Furskins; Raw, of Mink, Whole, with or Without Head, Tail or Paws from Singapore in 2022:

  1. Indonesia (18.0 kg)

Source: IndexBox Market Intelligence Platform

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