Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $4,516 per ton in 2022, picking up by 23% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure at $7,303 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,404 per ton), while the price for Thailand ($1,706 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $5,077 per ton in 2022, rising by 7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 64%. The export price peaked at $9,776 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($13,779 per ton), while the average price for exports to Bangladesh ($2,523 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 Japan (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore

In 2022, overseas purchases of twine, cordage or rope; knotted netting, of other than man-made textileses decreased by -21% to 245 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports attained the peak of 310 tons, and then contracted significantly in the following year.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped to $1.1M in 2022. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 18%.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Singapore in 2022:

1. China (121.9 tons)
2. Malaysia (57.3 tons)
3. Thailand (20.8 tons)
4. South Korea (20.7 tons)
5. Sri Lanka (10.1 tons)
6. Netherlands (5.0 tons)
7. Japan (3.1 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Singapore

In 2022, exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Singapore surged to 203 tons, rising by 54% compared with 2021 figures. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses soared to $1M in 2022. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 97%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Singapore in 2022:

1. Indonesia (90.0 tons)
2. Australia (89.6 tons)
3. Bangladesh (19.1 tons)
4. Malaysia (2.6 tons)

Source: IndexBox Market Intelligence Platform