Price for Knitted or Crocheted Pile Fabrics in Singapore - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Singapore (FOB) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Singapore (CIF) - 2022
- Exports of Knitted or Crocheted Pile Fabrics in Singapore
- Imports of Knitted or Crocheted Pile Fabrics in Singapore
Price for Knitted or Crocheted Pile Fabrics in Singapore (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $7,720 per ton in 2022, reducing by -5.6% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. The export price peaked at $11,569 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($7,950 per ton), while the average price for exports to Malaysia ($7,268 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 Malaysia (-3.1%), while the prices for the other major destinations experienced a decline.
Price for Knitted or Crocheted Pile Fabrics in Singapore (CIF) - 2022
In 2022, the average import price for knitted or crocheted pile fabricses amounted to $8,540 per ton, waning by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 when the average import price increased by 20%. The import price peaked at $8,927 per ton in 2021, and then shrank modestly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($9,042 per ton) and Malaysia ($8,888 per ton), while the price for Indonesia ($6,693 per ton) and Taiwan (Chinese) ($7,175 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Knitted or Crocheted Pile Fabrics in Singapore
After three years of growth, overseas shipments of knitted or crocheted pile fabricses decreased by -3.6% to 6.1K tons in 2022. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24%.
In value terms, knitted or crocheted pile fabrics exports reduced to $47M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $52M, and then dropped in the following year.
| Export of Knitted or Crocheted Pile Fabrics in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 34.4 | 40.4 | 42.5 | 41.9 | 6.8% |
| Cambodia | N/A | 1.2 | 4.6 | 4.5 | 93.6% |
| Jordan | N/A | N/A | 4.1 | N/A | 0% |
| Others | 1.1 | 0.6 | 0.4 | 0.6 | -18.3% |
| Total | 35.5 | 42.3 | 51.6 | 46.9 | 9.7% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Singapore in 2022:
- Indonesia (5.4K tons)
- Cambodia (0.6K tons)
Imports of Knitted or Crocheted Pile Fabrics in Singapore
After three years of growth, purchases abroad of knitted or crocheted pile fabricses decreased by -9.1% to 6.2K tons in 2022. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 6.8K tons, and then shrank in the following year.
In value terms, knitted or crocheted pile fabrics imports reduced to $53M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of $61M, and then reduced in the following year.
| Import of Knitted or Crocheted Pile Fabrics in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 33.5 | 38.6 | 45.5 | 38.9 | 5.1% |
| China | 1.4 | 2.5 | 11.4 | 9.7 | 90.6% |
| Taiwan (Chinese) | 0.1 | 0.2 | 1.3 | 1.1 | 122.4% |
| Indonesia | 0.5 | 2.6 | 0.1 | 0.9 | 21.6% |
| South Korea | N/A | N/A | 1.0 | 0.8 | -20.0% |
| Others | 0.6 | 0.8 | 1.2 | 1.1 | 22.4% |
| Total | 36.1 | 44.7 | 60.5 | 52.6 | 13.4% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Singapore in 2022:
- Malaysia (4.4K tons)
- China (1.4K tons)
- Taiwan (Chinese) (0.2K tons)
- Indonesia (0.1K tons)
- South Korea (0.1K tons)
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