Singapore: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Singapore

The Singaporean market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2023, with a decrease of X% against the previous year. Overall, consumption continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Singapore

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell slightly to $X in 2023 estimated in export price. Overall, production recorded a perceptible decline. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Singapore

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Singapore shrank sharply to X tons in 2023, declining by X% against the previous year. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reduced rapidly to $X in 2023. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Singapore, with a X% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to China exceeded the volume sent to the second major destination, Malaysia (X kg), more than tenfold. The third position in this ranking was held by Indonesia (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, China ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2023, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Singapore

In 2023, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw notable growth. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2023. In general, imports posted a temperate expansion. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Belgium (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, Belgium ($X), the United States ($X) and Malaysia ($X) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Singapore, together accounting for X% of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price showed a mild setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform