Singapore: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Singapore

The Singaporean artificial filament tow market shrank markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a sharp slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Artificial Filament Tow Exports

Exports from Singapore

In 2022, shipments abroad of artificial filament tow decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial filament tow exports declined modestly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for artificial filament tow exports from Singapore, accounting for a X% share of total exports. Moreover, artificial filament tow exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), threefold. Kenya (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 Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Kenya (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for artificial filament tow exports from Singapore, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the average artificial filament tow export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Artificial Filament Tow Imports

Imports into Singapore

In 2022, supplies from abroad of artificial filament tow decreased by X% to X tons, falling for the fourth year in a row after three years of growth. In general, imports saw a mild slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, artificial filament tow imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of artificial filament tow imports to Singapore, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest artificial filament tow suppliers to Singapore, together accounting for X% of total imports.

The United States, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average artificial filament tow import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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