Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore - 2022

Contents:

  1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (CIF) - 2022
  2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (FOB) - 2022
  3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore
  4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (CIF) - 2022

In 2022, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $10,054 per ton, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($11,381 per ton) and Vietnam ($8,502 per ton), while the price for Taiwan (Chinese) ($8,502 per ton) and South Korea ($8,502 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (FOB) - 2022

In 2022, the average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $10,264 per ton, rising by 21% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $11,939 per ton in 2019; however, from 2020 to 2022, the 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 Mexico ($35,250 per ton), while the average price for exports to Taiwan (Chinese) ($8,507 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 Mexico (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore

In 2022, the amount of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses imported into Singapore contracted sharply to 1.2K tons, falling by -29% against the year before. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 8.5% against the previous year.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses reduced to $12M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $14M, and then declined in the following year.

Import of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.56.87.86.92.0%
United States1.21.41.40.7-16.4%
Malaysia0.30.30.40.732.6%
Vietnam0.50.40.50.711.9%
Japan1.81.41.30.7-27.0%
Philippines0.50.30.40.50.0%
South Korea0.50.40.50.50.0%
Others0.81.11.41.07.7%
Total12.012.113.711.7-0.8%

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Singapore in 2022:

  1. China (607.7 tons)
  2. United States (86.9 tons)
  3. Vietnam (82.7 tons)
  4. Japan (79.6 tons)
  5. Malaysia (77.6 tons)
  6. South Korea (58.4 tons)
  7. Philippines (57.9 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore

In 2022, the amount of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses exported from Singapore reached 400 tons, surging by 4.8% on the previous year's figure. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses skyrocketed to $4.1M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +65.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1,0288761,086935-3.1%
Hong Kong SAR20.524.954.4716226.9%
Indonesia573366664500-4.4%
Philippines11037.315348664.1%
MexicoN/AN/AN/A3110%
Thailand92.718220522233.8%
Canada18.1N/AN/A147101.0%
Australia1191681941374.8%
India35.569.877.798.340.4%
Japan15616014991.8-16.2%
Taiwan (Chinese)44.460.678.255.47.7%
Vietnam28852.510446.8-45.4%
Others453482466355-7.8%
Total2,9382,4793,2314,10111.8%

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Singapore in 2022:

  1. Hong Kong SAR (84.1 tons)
  2. Malaysia (60.9 tons)
  3. Indonesia (58.7 tons)
  4. Philippines (57.1 tons)
  5. Thailand (26.1 tons)
  6. Australia (16.1 tons)
  7. Canada (12.6 tons)
  8. India (11.2 tons)
  9. Japan (10.8 tons)
  10. Mexico (8.8 tons)
  11. Taiwan (Chinese) (6.5 tons)
  12. Vietnam (5.5 tons)

Source: IndexBox Market Intelligence Platform

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