Report Update: Apr 1, 2024

Singapore - Artificial Fur - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Artificial Fur Price in Singapore - 2022

Artificial Fur Price in Singapore (CIF) - 2022

The average artificial fur import price stood at $18,661 per ton in 2022, waning by -2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $22,196 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($31,748 per ton), while the price for Turkey ($12,313 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Artificial Fur Price in Singapore (FOB) - 2022

In 2022, the average artificial fur export price amounted to $51,976 per ton, surging by 1.7% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $73,940 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($137,278 per ton), while the average price for exports to Estonia ($39,554 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 Switzerland (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Fur Imports in Singapore

In 2022, the amount of artificial fur imported into Singapore soared to 17 tons, growing by 37% on 2021. In general, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by 177% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, artificial fur imports soared to $313K in 2022. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 212%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Artificial Fur in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.9	20.2	158	149	139.1%
Italy	120	8.1	46.0	74.8	-14.6%
France	25.0	24.8	0.9	48.0	24.3%
Malaysia	4.2	5.2	2.4	22.6	75.2%
Cambodia	N/A	N/A	N/A	8.8	0%
Turkey	N/A	N/A	N/A	3.6	0%
United States	39.5	3.8	1.6	1.3	-68.0%
Japan	10.2	6.7	4.3	N/A	-35.1%
Others	15.8	6.4	21.4	5.0	-31.9%
Total	225	75.3	235	313	11.6%

Top Suppliers of Artificial Fur to Singapore in 2022:

Japan (undefined tons)
China (8.7 tons)
Italy (3.9 tons)
France (2.5 tons)
Malaysia (0.7 tons)
Cambodia (0.4 tons)
Turkey (0.3 tons)
United States (0.1 tons)

Artificial Fur Exports in Singapore

In 2022, overseas shipments of artificial fur decreased by -22.2% to 864 kg, falling for the second consecutive year after two years of growth. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 571% against the previous year. As a result, the exports attained the peak of 1.8 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial fur exports shrank sharply to $45K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 596% against the previous year. As a result, the exports reached the peak of $97K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Artificial Fur in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	3.9	9.1	37.9	19.8	71.9%
Estonia	N/A	N/A	N/A	15.1	0%
Switzerland	N/A	7.0	1.2	5.6	-10.6%
Thailand	0.1	N/A	N/A	2.5	192.4%
Hong Kong SAR	3.1	2.1	1.6	0.9	-33.8%
Macao SAR	N/A	76.9	2.1	N/A	-97.3%
Others	6.8	1.3	14.1	1.1	-45.5%
Total	13.9	96.5	56.8	44.9	47.8%

Top Export Markets for Artificial Fur from Singapore in 2022:

Estonia (381.0 kg)
Indonesia (345.0 kg)
Switzerland (88.0 kg)
Thailand (18.0 kg)
Hong Kong SAR (9.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the artificial fur 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 13911920 - Artificial fur and articles thereof

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023