Price for Clothing; Parts, Knitted or Crocheted in Singapore - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Singapore (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Singapore (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Singapore
4. Exports of Clothing; Parts, Knitted or Crocheted in Singapore

Price for Clothing; Parts, Knitted or Crocheted in Singapore (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $32,184 per ton in 2022, with an increase of 4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. As a result, import price reached the peak level of $38,376 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($43,832 per ton), while the price for Indonesia ($19,853 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Singapore (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $33,985 per ton in 2022, waning by -23.9% against the previous year. In general, the export price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $53,503 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($76,590 per ton), while the average price for exports to the United Arab Emirates ($8,704 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 Hong Kong SAR (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clothing; Parts, Knitted or Crocheted in Singapore

After three years of growth, supplies from abroad of clothing; parts, knitted or crocheted decreased by -5.8% to 567 tons in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of 602 tons, and then declined in the following year.

In value terms, clothing; parts, knitted or crocheted imports dropped to $18M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, imports reached the peak of $19M, and then fell slightly in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Singapore in 2022:

1. China (167.9 tons)
2. Italy (51.1 tons)
3. Malaysia (40.7 tons)
4. Indonesia (31.4 tons)
5. Taiwan (Chinese) (31.3 tons)
6. United States (28.9 tons)
7. Bangladesh (24.4 tons)
8. Vietnam (24.2 tons)
9. France (18.6 tons)
10. Turkey (18.2 tons)
11. India (14.8 tons)
12. Portugal (12.0 tons)
13. Morocco (11.9 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Singapore

In 2022, the amount of clothing; parts, knitted or crocheted exported from Singapore skyrocketed to 433 tons, jumping by 59% against the previous year. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted exports surged to $15M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Singapore in 2022:

1. Indonesia (403.6 tons)
2. Malaysia (20.8 tons)
3. Vietnam (0.5 tons)

Source: IndexBox Market Intelligence Platform