Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore - 2023
Contents:
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (CIF) - 2022
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore
- Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (CIF) - 2022
The average import price for wadding; other articles thereof, other than of cotton or man-made fibreses stood at $9,520 per ton in 2022, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($405,832 per ton), while the price for Indonesia ($7,305 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) (+65.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, other than of cotton or man-made fibreses amounted to $9,529 per ton, increasing by 15% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wadding; other articles thereof, other than of cotton or man-made fibreses increased by +33.5% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. As a result, the export price reached the peak level of $10,563 per ton. From 2019 to 2022, the average 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 Australia ($28,655 per ton), while the average price for exports to the United Arab Emirates ($5,472 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 Australia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore
In 2022, overseas purchases of wadding; other articles thereof, other than of cotton or man-made fibreses decreased by -3.3% to 225 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 6.9% against the previous year. As a result, imports reached the peak of 311 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, other than of cotton or man-made fibreses rose notably to $2.1M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of $2.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 943 | 1,526 | 1,550 | 1,407 | 14.3% |
China | 206 | 452 | 151 | 484 | 32.9% |
Indonesia | 31.0 | 53.0 | 45.3 | 45.0 | 13.2% |
Japan | 33.9 | 54.9 | 45.4 | 18.5 | -18.3% |
Malaysia | 41.2 | 94.0 | 27.4 | 16.0 | -27.0% |
Vietnam | 586 | 0.1 | N/A | N/A | -100.0% |
Others | 24.2 | 29.1 | 77.4 | 173 | 92.6% |
Total | 1,865 | 2,209 | 1,897 | 2,144 | 4.8% |
Top Suppliers of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres to Singapore in 2022:
- South Korea (162.9 tons)
- China (48.6 tons)
- Indonesia (6.2 tons)
- Japan (2.4 tons)
- Malaysia (2.3 tons)
Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore
Exports of wadding; other articles thereof, other than of cotton or man-made fibreses from Singapore reached 216 tons in 2022, surging by 1.8% compared with 2021. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 93%. As a result, the exports attained the peak of 275 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of wadding; other articles thereof, other than of cotton or man-made fibreses skyrocketed to $2.1M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 73%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
Export of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 948 | 1,743 | 1,577 | 1,874 | 25.5% |
Malaysia | 145 | 167 | 168 | 133 | -2.8% |
United Arab Emirates | 0.4 | 0.1 | 0.1 | 24.1 | 292.0% |
Others | 39.4 | 49.8 | 17.2 | 24.1 | -15.1% |
Total | 1,133 | 1,960 | 1,763 | 2,055 | 22.0% |
Top Export Markets for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres from Singapore in 2022:
- Indonesia (198.0 tons)
- Malaysia (11.5 tons)
- United Arab Emirates (4.4 tons)
This report provides an in-depth analysis of the wadding market in Singapore.
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This report provides an in-depth analysis of the wadding market in Singapore.
This report provides an in-depth analysis of the textile wadding market in Singapore.
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