Singapore - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Singapore: Overview of the Market for Cotton Lint 2019

Market Size for Cotton Lint in Singapore

The revenue of the market for cotton lint in Singapore amounted to $X in 2018, flattening at the previous year. Overall, consumption of cotton lint continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the market for cotton lint and cotton seed attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Production of Cotton Lint in Singapore

In value terms, production of cotton lint stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, production of cotton lint reached its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Exports of Cotton Lint

Exports from Singapore

Exports of cotton lint from Singapore totaled X tonnes in 2018, remaining constant against the previous year. In general, exports of cotton lint continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, exports of cotton lint amounted to $X in 2018. In general, exports of cotton lint continue to indicate temperate growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Bangladesh (X tonnes) was the main destination for exports of cotton lint from Singapore, accounting for a X% share of total exports. It was followed by China, Hong Kong SAR (X tonnes), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Bangladesh stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (+X% per year) and Indonesia (-X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for cotton lint and cotton seed exports from Singapore, comprising X% of total exports of cotton lint. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Bangladesh stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (+X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average export price for cotton lint stood at $X per tonne in 2018, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for cotton lint attained their maximum at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced a decline.

Imports of Cotton Lint

Imports into Singapore

In 2018, approx. X tonnes of cotton lint were imported into Singapore; lowering by -X% against the previous year. Over the period under review, imports of cotton lint continue to indicate a significant drop. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. In that year, imports of cotton lint attained their peak of X tonnes. From 2010 to 2018, the growth of imports of cotton lint failed to regain its momentum.

In value terms, imports of cotton lint totaled $X in 2018. In general, imports of cotton lint continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Burkina Faso (X tonnes) constituted the largest cotton lint and cotton seed supplier to Singapore, with a X% share of total imports. Moreover, imports of cotton lint from Burkina Faso exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tonnes), more than tenfold. The third position in this ranking was occupied by Zimbabwe (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Burkina Faso was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+X% per year) and Zimbabwe (-X% per year).

In value terms, Zimbabwe ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the largest cotton lint and cotton seed suppliers to Singapore, together accounting for X% of total imports.

Among the main suppliers, Cote d'Ivoire experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cotton lint stood at $X per tonne in 2018, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Zimbabwe ($X per tonne), while the price for Taiwan, Chinese ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Zimbabwe, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform