Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore (FOB) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore (CIF) - 2022
3. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore
4. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $13,608 per ton in 2022, jumping by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($33,826 per ton), while the average price for exports to Indonesia ($9,436 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 Argentina (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $14,513 per ton in 2022, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,278 per ton), while the price for Spain ($10,176 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore

In 2022, exports of footwear; parts, outer soles and heels, of rubber or plasticses from Singapore skyrocketed to 109 tons, rising by 18% against 2021 figures. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $1.5M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Singapore in 2022:

1. Malaysia (48.2 tons)
2. United States (33.5 tons)
3. Indonesia (13.9 tons)
4. United Kingdom (3.1 tons)
5. Thailand (2.5 tons)
6. Argentina (1.9 tons)
7. Belgium (1.8 tons)

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Singapore

After two years of decline, overseas purchases of footwear; parts, outer soles and heels, of rubber or plasticses increased by 102% to 33 tons in 2022. Over the period under review, imports, however, faced a deep slump.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $485K in 2022. In general, imports, however, saw a abrupt descent.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Singapore in 2022:

1. Malaysia (8.7 tons)
2. Italy (8.4 tons)
3. China (4.8 tons)
4. Spain (2.9 tons)
5. United States (2.3 tons)
6. Vietnam (1.5 tons)
7. South Korea (0.9 tons)
8. Thailand (0.8 tons)
9. Indonesia (0.7 tons)
10. Germany (0.7 tons)

Source: IndexBox Market Intelligence Platform