Singapore: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Singapore

The Singaporean market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Singapore

In 2022, shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reduced sharply to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Singapore, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%.

In value terms, Malaysia ($X) emerged as the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Singapore.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at X%.

Export Prices by Country

In 2022, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted moderate growth. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Singapore

In 2022, purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2022. Over the period under review, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Singapore, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Singapore, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), 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: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Myanmar ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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