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

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

The Singaporean market for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022, remaining stable against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Singapore

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning totaled $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

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

Exports from Singapore

In 2022, after five years of decline, there was significant growth in shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. In general, exports, however, recorded a pronounced reduction. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Singapore, together comprising X% of total exports. Pakistan, Hong Kong SAR, Malaysia and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Bangladesh ($X) constituted the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Singapore worldwide, with a combined X% share of total exports. Malaysia, Pakistan, Hong Kong SAR and Myanmar lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

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

Imports into Singapore

In 2022, purchases abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a deep contraction. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Singapore, with a X% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Malaysia exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), sevenfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and South Korea (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Bangladesh, with a X% share.

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

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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