Singapore: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Singapore

For the fourth consecutive year, the Singaporean pile and chenille fabric market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Singapore

In 2022, shipments abroad of woven pile fabrics and chenille fabrics was finally on the rise to reach X tons after three years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports soared to $X in 2022. Overall, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for pile and chenille fabric exports from Singapore, accounting for a X% share of total exports. Moreover, pile and chenille fabric exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and South Korea (X% per year).

In value terms, the largest markets for pile and chenille fabric exported from Singapore were South Korea ($X), Indonesia ($X) and Malaysia ($X), together comprising X% of total exports. India, the Philippines, Australia, Hong Kong SAR and Bangladesh lagged somewhat behind, together comprising a further X%.

The Philippines, 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 pile and chenille fabric export price amounted to $X per ton, with a decrease of X% against the previous year. In general, export price indicated a moderate increase 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. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

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

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Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Singapore

In 2022, after three years of decline, there was significant growth in overseas purchases of woven pile fabrics and chenille fabrics, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports expanded slightly to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of pile and chenille fabric imports to Singapore, with a combined X% share of total imports. Spain, Italy, Taiwan (Chinese), Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pile and chenille fabric suppliers to Singapore were India ($X), Italy ($X) and the United States ($X), together comprising X% of total imports. China, Spain, Taiwan (Chinese), Turkey and Belgium lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average pile and chenille fabric import price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced modestly in the following year.

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

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

Source: IndexBox Platform

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