Price for Rubber Thread and Cord; Textile Covered in Singapore - 2023
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Singapore (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Singapore (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Singapore
- Exports of Rubber Thread and Cord; Textile Covered in Singapore
Price for Rubber Thread and Cord; Textile Covered in Singapore (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $12,188 per ton, reducing by -17% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the average import price increased by 73% against the previous year. Over the period under review, average import prices attained the maximum at $15,499 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($80,502 per ton), while the price for the United Arab Emirates ($5,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Singapore (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $5,770 per ton in 2022, which is down by -60.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 101%. The export price peaked at $14,706 per ton in 2021, and then fell notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($16,823 per ton), while the average price for exports to Malaysia ($2,394 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 the UK (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in Singapore
In 2022, the amount of rubber thread and cord; textile covereds imported into Singapore totaled 79 tons, surging by 8.2% compared with 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 247% against the previous year. As a result, imports attained the peak of 230 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of rubber thread and cord; textile covereds dropped to $966K in 2022. In general, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 228%. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber Thread and Cord; Textile Covered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 625 | 1,502 | 772 | 684 | 3.1% |
| China | 98.1 | 1,439 | 130 | 126 | 8.7% |
| Malaysia | 31.4 | 4.5 | 41.6 | 66.3 | 28.3% |
| Vietnam | 8.1 | 0.1 | 9.6 | 16.6 | 27.0% |
| Taiwan (Chinese) | 3.0 | 112 | 26.1 | 12.1 | 59.2% |
| Thailand | 14.5 | 5.3 | 7.4 | 10.0 | -11.6% |
| United Arab Emirates | N/A | N/A | 7.1 | 7.3 | 2.8% |
| Japan | 155 | 210 | 48.6 | 6.0 | -66.2% |
| Others | 92.6 | 103 | 32.8 | 37.7 | -25.9% |
| Total | 1,028 | 3,376 | 1,076 | 966 | -2.1% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Singapore in 2022:
- South Korea (46.9 tons)
- China (15.5 tons)
- Malaysia (9.8 tons)
- Vietnam (1.5 tons)
- United Arab Emirates (1.3 tons)
- Thailand (1.3 tons)
- Taiwan (Chinese) (1.2 tons)
- Japan (0.4 tons)
Exports of Rubber Thread and Cord; Textile Covered in Singapore
In 2022, the amount of rubber thread and cord; textile covereds exported from Singapore surged to 21 tons, jumping by 68% against the previous year's figure. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 162% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of rubber thread and cord; textile covereds fell significantly to $124K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 343% against the previous year. As a result, the exports attained the peak of $187K, and then fell dramatically in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.7 | 3.6 | 1.1 | 19.2 | 73.1% |
| United Kingdom | N/A | N/A | N/A | 15.0 | 0% |
| Vietnam | 9.1 | N/A | 24.1 | 14.5 | 16.8% |
| Pakistan | 15.3 | N/A | N/A | 14.3 | -2.2% |
| China | 0.6 | N/A | 3.8 | 12.8 | 177.3% |
| Taiwan (Chinese) | N/A | 0.3 | 12.6 | 11.3 | 513.7% |
| Australia | 3.8 | 4.3 | 6.1 | 6.9 | 22.0% |
| Indonesia | 3.8 | 26.4 | 125 | 3.5 | -2.7% |
| Philippines | 0.7 | 6.5 | 0.1 | 2.4 | 50.8% |
| Others | 11.1 | 1.3 | 15.1 | 24.1 | 29.5% |
| Total | 48.2 | 42.3 | 187 | 124 | 37.0% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Singapore in 2022:
- Malaysia (8.0 tons)
- Pakistan (2.5 tons)
- Vietnam (2.5 tons)
- Taiwan (Chinese) (2.4 tons)
- China (2.4 tons)
- United Kingdom (1.2 tons)
- Philippines (0.6 tons)
- Australia (0.5 tons)
- Indonesia (0.2 tons)
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