Singapore - Tufted Textile Fabrics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTufted Textile Fabric Price in Singapore - 2022
Contents:
- Tufted Textile Fabric Price in Singapore (FOB) - 2022
- Tufted Textile Fabric Price in Singapore (CIF) - 2022
- Tufted Textile Fabric Exports in Singapore
- Tufted Textile Fabric Imports in Singapore
Tufted Textile Fabric Price in Singapore (FOB) - 2022
The average tufted textile fabric export price stood at $1.8 per square meter in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2019 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1.9 per square meter), while the average price for exports to Thailand ($1.9 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tufted Textile Fabric Price in Singapore (CIF) - 2022
In 2022, the average tufted textile fabric import price amounted to $2.6 per square meter, with an increase of 45% against the previous year. Overall, import price indicated temperate growth 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, tufted textile fabric import price increased by +80.8% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2.6 per square meter) and the United States ($2.6 per square meter), while the price for the UK ($2.6 per square meter) and France ($2.6 per square meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Tufted Textile Fabric Exports in Singapore
After three years of growth, shipments abroad of tufted textile fabrics decreased by -38.7% to 67K square meters in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 570%. Over the period under review, the exports hit record highs at 110K square meters in 2021, and then shrank markedly in the following year.
In value terms, tufted textile fabric exports declined dramatically to $124K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 539% against the previous year. Over the period under review, the exports reached the maximum at $177K in 2021, and then contracted rapidly in the following year.
Export of Tufted Textile Fabric in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 0.1 | 0.1 | 154 | 109 | 929.1% |
Indonesia | 5.7 | 96.5 | N/A | 7.8 | 11.0% |
Thailand | 0.1 | N/A | N/A | 6.4 | 300.0% |
Australia | N/A | N/A | 20.8 | N/A | 0% |
Others | 9.2 | N/A | 2.0 | 1.3 | -47.9% |
Total | 15.1 | 96.5 | 177 | 124 | 101.8% |
Top Export Markets for Tufted Textile Fabric from Singapore in 2022:
- Malaysia (58.7K square meters)
- Indonesia (4.2K square meters)
- Thailand (3.5K square meters)
Tufted Textile Fabric Imports in Singapore
In 2022, imports of tufted textile fabrics into Singapore shrank sharply to 8.6K square meters, declining by -55.8% on the previous year's figure. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%. Over the period under review, imports hit record highs at 42K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, tufted textile fabric imports dropped significantly to $22K in 2022. Over the period under review, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 10%. Over the period under review, imports hit record highs at $72K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Tufted Textile Fabric in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.7 | 1.5 | 1.4 | 8.0 | 67.6% |
China | 34.0 | 0.9 | 13.7 | 5.1 | -46.9% |
India | N/A | 1.3 | 4.3 | 3.3 | 59.3% |
Vietnam | N/A | N/A | N/A | 2.2 | 0% |
France | 0.4 | N/A | 0.5 | 2.0 | 71.0% |
United Kingdom | N/A | N/A | 0.5 | 1.8 | 260.0% |
Hong Kong SAR | 13.6 | 3.9 | 0.4 | N/A | -82.9% |
Japan | N/A | 22.0 | 4.6 | N/A | -79.1% |
Netherlands | 13.1 | 1.0 | N/A | N/A | -92.4% |
Australia | 9.3 | N/A | N/A | N/A | 0% |
Others | 0.1 | 1.2 | 9.8 | 0.1 | 0.0% |
Total | 72.1 | 31.8 | 35.1 | 22.5 | -32.2% |
Top Suppliers of Tufted Textile Fabric to Singapore in 2022:
- United States (3.0K square meters)
- China (2.0K square meters)
- India (1.3K square meters)
- Vietnam (0.9K square meters)
- France (0.8K square meters)
- United Kingdom (0.7K square meters)
This report provides an in-depth analysis of the tufted textile fabric market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13204500 - Tufted textile fabrics (excluding tufted carpets and other textile floor coverings)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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