Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore - 2023
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (CIF) - 2022
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $5,105 per ton, jumping by 28% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 107%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,104 per ton), while the price for South Korea ($974 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $19,493 per ton in 2022, picking up by 416% against the previous year. In general, the export price showed a prominent increase. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($17,168 per ton), while the average price for exports to Vietnam ($2,901 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 United States (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore
For the third consecutive year, Singapore recorded decline in overseas purchases of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -13.6% to 519 tons in 2022. Over the period under review, imports saw a dramatic contraction.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings expanded notably to $2.6M in 2022. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 23.5 | N/A | N/A | 326 | 140.3% |
| United States | 145 | 81.4 | 276 | 293 | 26.4% |
| Taiwan (Chinese) | 642 | 290 | 291 | 164 | -36.5% |
| Bangladesh | N/A | N/A | N/A | 95.8 | 0% |
| South Korea | N/A | 9.4 | N/A | 71.7 | 176.2% |
| China | 196 | 132 | 111 | 56.7 | -33.9% |
| Vietnam | 0.8 | 21.2 | 23.3 | 51.9 | 301.8% |
| Thailand | 215 | 90.0 | 121 | N/A | -25.0% |
| India | 513 | 11.5 | N/A | N/A | -97.8% |
| Others | 2,168 | 788 | 1,577 | 1,589 | -9.8% |
| Total | 3,904 | 1,424 | 2,399 | 2,648 | -12.1% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Singapore in 2022:
- Indonesia (102.9 tons)
- Bangladesh (80.0 tons)
- South Korea (73.6 tons)
- United States (48.1 tons)
- Taiwan (Chinese) (43.4 tons)
- Vietnam (41.7 tons)
- China (37.7 tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore
Exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings from Singapore reduced sharply to 31 tons in 2022, which is down by -86.3% against 2021 figures. In general, exports faced a significant contraction. The smallest decline of -64.9% was in 2020.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings shrank dramatically to $601K in 2022. Overall, exports faced a precipitous shrinkage.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 977 | 203 | 83.1 | 144 | -47.2% |
| Malaysia | 176 | 154 | 9.6 | 58.7 | -30.7% |
| Indonesia | 205 | 128 | 63.2 | 19.3 | -54.5% |
| India | 402 | 48.8 | 149 | 12.1 | -68.9% |
| Vietnam | 20.4 | N/A | 11.9 | 9.4 | -22.8% |
| Taiwan (Chinese) | 431 | 105 | 0.3 | 5.9 | -76.1% |
| China | 1,546 | 659 | 14.5 | 5.5 | -84.7% |
| Mexico | 67.5 | 2.6 | N/A | N/A | -96.1% |
| Others | 5,139 | 1,367 | 517 | 347 | -59.3% |
| Total | 8,963 | 2,667 | 849 | 601 | -59.4% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Singapore in 2022:
- Pakistan (24.2 tons)
- Indonesia (5.5 tons)
- Malaysia (3.4 tons)
- Vietnam (3.2 tons)
- India (1.8 tons)
- China (1.8 tons)
- Taiwan (Chinese) (1.7 tons)
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