Singapore: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in Singapore

The Singaporean non-knitted women apparel market surged to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a buoyant 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Knitted Women Apparel Production in Singapore

In value terms, non-knitted women apparel production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Knitted Women Apparel Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of women's or girls' clothing (not knitted or crocheted), which decreased by X% to X units in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-knitted women apparel exports fell to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), the United Arab Emirates (X units) and Malaysia (X units) were the main destinations of non-knitted women apparel exports from Singapore, with a combined X% share of total exports. Colombia, Mexico, Hong Kong SAR, Israel, Australia, the Philippines, Panama, Canada, China and the UK 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 Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Australia ($X) constituted the largest markets for non-knitted women apparel exported from Singapore worldwide, with a combined X% share of total exports. Hong Kong SAR, Indonesia, Colombia, Israel, the Philippines, Mexico, Panama, Canada, China and the UK lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average non-knitted women apparel export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

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

Non-Knitted Women Apparel Imports

Imports into Singapore

After four years of decline, overseas purchases of women's or girls' clothing (not knitted or crocheted) increased by X% to X units in 2022. Overall, imports, however, saw a pronounced downturn. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-knitted women apparel imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-knitted women apparel to Singapore, accounting for a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fourfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest non-knitted women apparel suppliers to Singapore were China ($X), Italy ($X) and Bangladesh ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 non-knitted women apparel import price stood at $X per unit in 2022, growing by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price 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, non-knitted women apparel import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs 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 Italy ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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