Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (FOB) - 2022
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (CIF) - 2022
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (FOB) - 2022
The average export price for wadding; other articles thereof, of man-made fibreses stood at $10,030 per ton in 2022, increasing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($14,592 per ton), while the average price for exports to Bangladesh ($9,296 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 South Korea (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (CIF) - 2022
In September 2022, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $23,041 per ton, growing by 27% against the previous month. Overall, the import price continues to indicate buoyant growth. The growth pace was the most rapid in June 2022 when the average import price increased by 269% against the previous month. As a result, import price reached the peak level of $36,929 per ton. From July 2022 to September 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Thailand ($41,973 per ton), while the price for China ($5,625 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore
In 2022, the amount of wadding; other articles thereof, of man-made fibreses exported from Singapore expanded modestly to 1.6K tons, growing by 3.5% on the previous year's figure. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 13%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of wadding; other articles thereof, of man-made fibreses expanded notably to $16M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 12%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.1 | 6.1 | 6.7 | 5.6 | -2.8% |
| Vietnam | 2.4 | 3.4 | 3.3 | 5.1 | 28.6% |
| Papua New Guinea | 2.0 | 0.7 | 1.4 | 1.9 | -1.7% |
| Sri Lanka | 0.6 | 0.8 | 0.9 | 1.8 | 44.2% |
| Fiji | 0.7 | 0.4 | 0.5 | 0.5 | -10.6% |
| Pakistan | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| South Korea | 1.0 | 0.1 | 0.3 | 0.1 | -53.6% |
| Myanmar | 0.4 | 0.3 | 0.3 | N/A | -13.4% |
| Others | 0.8 | 0.7 | 0.7 | 0.4 | -20.6% |
| Total | 14.0 | 12.6 | 14.1 | 15.6 | 3.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Singapore in 2022:
- Indonesia (586.6 tons)
- Vietnam (535.1 tons)
- Sri Lanka (185.3 tons)
- Papua New Guinea (146.1 tons)
- Fiji (31.5 tons)
- Pakistan (31.1 tons)
- South Korea (7.9 tons)
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore
In 2022, purchases abroad of wadding; other articles thereof, of man-made fibreses decreased by -18.9% to 617 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 1% against the previous year. As a result, imports reached the peak of 992 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of wadding; other articles thereof, of man-made fibreses reduced modestly to $7.7M in 2022. Overall, imports saw a abrupt descent.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.0 | 1.7 | 2.0 | 3.6 | 53.3% |
| South Korea | 2.2 | 2.4 | 2.9 | 2.6 | 5.7% |
| Indonesia | 5.5 | 4.1 | 1.1 | 0.9 | -45.3% |
| China | 0.7 | 0.7 | 1.6 | 0.4 | -17.0% |
| Others | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Total | 9.8 | 9.2 | 7.8 | 7.7 | -7.7% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Singapore in 2022:
- Thailand (337.8 tons)
- South Korea (131.7 tons)
- Indonesia (90.2 tons)
- China (39.2 tons)
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