Singapore: Cotton Yarn Market 2024

Cotton Yarn Market Size in Singapore

The Singaporean cotton yarn market rose significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Cotton yarn consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cotton Yarn Production in Singapore

In value terms, cotton yarn production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cotton Yarn Exports

Exports from Singapore

In 2022, exports of cotton yarn from Singapore reduced dramatically to X tons, falling by X% on the year before. In general, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cotton yarn exports dropped sharply to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cotton yarn exports from Singapore, with a X% share of total exports. Moreover, cotton yarn exports to the Netherlands exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Indonesia (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for cotton yarn exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average cotton yarn export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, posted tangible growth. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Myanmar ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into Singapore

Cotton yarn imports into Singapore fell markedly to X tons in 2022, shrinking by X% against the previous year's figure. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton yarn imports declined markedly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of cotton yarn imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of cotton yarn to Singapore, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average cotton yarn import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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