Singapore: Metallised Yarn Market 2024

Metallised Yarn Market Size in Singapore

The Singaporean metallised yarn market shrank remarkably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metallised Yarn Production in Singapore

In value terms, metallised yarn production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Metallised Yarn Exports

Exports from Singapore

In 2022, shipments abroad of metallised yarn and strip was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous descent. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metallised yarn exports skyrocketed to $X in 2022. Overall, exports, however, saw a precipitous decrease. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for metallised yarn exports from Singapore, with a X% share of total exports. Moreover, metallised yarn exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled X%.

In value terms, Indonesia ($X) remains the key foreign market for metallised yarn and strip exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%.

Export Prices by Country

The average metallised yarn export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metallised Yarn Imports

Imports into Singapore

After four years of decline, overseas purchases of metallised yarn and strip increased by X% to X tons in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metallised yarn imports surged to $X in 2022. In general, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metallised yarn to Singapore, with a X% share of total imports. Moreover, metallised yarn imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, Germany ($X) constituted the largest supplier of metallised yarn and strip to Singapore, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2022, the average metallised yarn import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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