Report Update: Jun 1, 2024

Singapore - Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bedding and Furnishing Article in Singapore - 2022

Price for Bedding and Furnishing Article in Singapore (CIF) - 2022

The average bedding and furnishing article import price stood at $11,159 per ton in September 2022, remaining constant against the previous month. Overall, import price indicated a slight expansion from September 2021 to September 2022: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, bedding and furnishing article import price decreased by -18.6% against June 2022 indices. The pace of growth was the most pronounced in June 2022 when the average import price increased by 56% against the previous month. As a result, import price reached the peak level of $13,708 per ton. From July 2022 to September 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($11,575 per ton), while the price for India ($3,530 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bedding and Furnishing Article in Singapore (FOB) - 2022

In 2022, the average bedding and furnishing article export price amounted to $8,196 per ton, which is down by -6.8% against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.6% against the previous year. The export price peaked at $11,169 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($12,474 per ton), while the average price for exports to Indonesia ($4,953 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 Qatar (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Article in Singapore

In 2022, imports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) into Singapore declined remarkably to 6K tons, reducing by -20.7% compared with the year before. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of 7.6K tons, and then declined notably in the following year.

In value terms, bedding and furnishing article imports contracted dramatically to $45M in 2022. In general, imports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of $67M, and then contracted dramatically in the following year.

Import of Bedding and Furnishing Article in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.7	29.2	47.8	32.4	-2.3%
Malaysia	7.8	4.1	4.4	2.7	-29.8%
Vietnam	0.3	0.2	3.8	1.9	85.0%
Indonesia	0.8	1.6	1.3	1.8	31.0%
United States	1.2	1.3	1.5	0.7	-16.4%
Denmark	1.5	0.9	1.7	0.5	-30.7%
Others	7.6	4.7	6.5	5.1	-12.5%
Total	53.8	42.0	67.1	45.2	-5.6%

Top Suppliers of Bedding and Furnishing Article to Singapore in 2022:

China (4120.7 tons)
Malaysia (471.9 tons)
Indonesia (395.7 tons)
Vietnam (269.0 tons)
United States (79.1 tons)
Denmark (55.6 tons)

Exports of Bedding and Furnishing Article in Singapore

Bedding and furnishing article exports from Singapore dropped to 479 tons in 2022, with a decrease of -11.3% compared with the previous year. Overall, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 540 tons, and then declined in the following year.

In value terms, bedding and furnishing article exports contracted significantly to $3.9M in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 40%.

Export of Bedding and Furnishing Article in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	1,098	436	636	862	-7.7%
Brunei Darussalam	790	1,106	1,380	604	-8.6%
Malaysia	524	344	648	422	-7.0%
Japan	224	182	282	328	13.6%
Philippines	80.3	18.7	112	286	52.7%
Qatar	22.3	30.3	23.2	255	125.3%
Vietnam	281	163	26.2	222	-7.6%
Maldives	1,137	64.3	117	193	-44.6%
China	82.6	49.0	316	175	28.4%
United States	135	110	348	96.8	-10.5%
Thailand	281	96.9	43.8	79.8	-34.3%
Australia	238	63.7	148	59.3	-37.1%
United Arab Emirates	68.0	N/A	21.8	31.7	-22.5%
Others	800	721	651	315	-26.7%
Total	5,761	3,386	4,752	3,929	-12.0%

Top Export Markets for Bedding and Furnishing Article from Singapore in 2022:

Indonesia (174.0 tons)
Brunei Darussalam (52.1 tons)
Japan (36.9 tons)
Malaysia (35.0 tons)
Philippines (32.1 tons)
Vietnam (24.9 tons)
Maldives (21.6 tons)
Qatar (20.5 tons)
China (19.7 tons)
Thailand (9.0 tons)
United States (7.9 tons)
Australia (6.7 tons)
United Arab Emirates (4.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bedding and furnishing article in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13922493 - Articles of bedding of feathers or down (including quilts and eiderdowns, cushions, pouffes, pillows) (excluding mattresses, sleeping bags)
Prodcom 13922499 - Articles of bedding filled other than with feathers or down (including quilts and eiderdowns, cushions, pouffes, pillows) (excluding mattresses, sleeping bags)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023