Singapore: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Singapore

The Singaporean market for blankets and travelling rugs of synthetic fibres soared to $X in 2022, growing by 25% against the previous year. In general, consumption posted strong growth. Travelling rugs of synthetic fibre consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Singapore

In value terms, travelling rugs of synthetic fibre production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 123%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Singapore

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were exported from Singapore; growing by 291% compared with 2021 figures. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 481%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, travelling rugs of synthetic fibre exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 444%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for travelling rugs of synthetic fibre exports from Singapore, accounting for a 71% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Oman exceeded the volume sent to the second major destination, Malaysia (X units), sixfold. Indonesia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+21.9% per year) and Indonesia (+23.1% per year).

In value terms, the largest markets for travelling rugs of synthetic fibre exported from Singapore were Oman ($X), Indonesia ($X) and Malaysia ($X), together comprising 86% of total exports.

In terms of the main countries of destination, Oman, with a CAGR of +56.4%, saw the highest growth rate of the value of exports, 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 export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, increasing by 25% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Oman ($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 Oman (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Singapore

In 2022, the amount of blankets and travelling rugs of synthetic fibres imported into Singapore soared to X units, rising by 240% on the previous year's figure. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, travelling rugs of synthetic fibre imports soared to $X in 2022. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and India (X units) were the main suppliers of travelling rugs of synthetic fibre imports to Singapore, together accounting for 85% of total imports. These countries were followed by Malaysia, Vietnam, the UK and the United States, which together accounted for a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +310.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) constituted the largest travelling rugs of synthetic fibre suppliers to Singapore, with a combined 85% share of total imports. These countries were followed by Malaysia, Vietnam, the UK and the United States, which together accounted for a further 9.9%.

Among the main suppliers, Vietnam, with a CAGR of +326.8%, recorded 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

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, with an increase of 5.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 12% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Vietnam ($X per unit), while the price for Malaysia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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