Singapore: Market for Chamois Leather and Combination Chamois Leather 2024

Market Size for Chamois Leather and Combination Chamois Leather in Singapore

The Singaporean market for chamois leather and combination chamois leather contracted to $X in 2022, dropping by -4.2% against the previous year. In general, consumption recorded a slight downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Chamois Leather and Combination Chamois Leather in Singapore

In value terms, production of chamois leather and combination chamois leather reduced to $X in 2022 estimated in export price. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 37%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Chamois Leather and Combination Chamois Leather

Exports from Singapore

In 2022, overseas shipments of chamois leather and combination chamois leather increased by 17% to X square meters for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, saw a sharp reduction. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of chamois leather and combination chamois leather soared to $X in 2022. Overall, exports, however, faced a sharp descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for exports of chamois leather and combination chamois leather from Singapore, accounting for a 42% share of total exports. Moreover, exports of chamois leather and combination chamois leather to Vietnam exceeded the volume sent to the second major destination, Malaysia (X square meters), twofold. Germany (X square meters) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Germany (+1.7% per year).

In value terms, Germany ($X), China ($X) and Vietnam ($X) were the largest markets for chamois leather and combination chamois leather exported from Singapore worldwide, with a combined 91% share of total exports.

China, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for chamois leather and combination chamois leather stood at $X per square meter in 2022, rising by 11% against the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 64%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chamois Leather and Combination Chamois Leather

Imports into Singapore

In 2022, overseas purchases of chamois leather and combination chamois leather increased by 45% to X square meters, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, faced a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 2,212% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of chamois leather and combination chamois leather rose notably to $X in 2022. In general, imports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 1,952%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X square meters) constituted the largest supplier of chamois leather and combination chamois leather to Singapore, with a 47% share of total imports. Moreover, imports of chamois leather and combination chamois leather from Spain exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. Italy (X square meters) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and Italy (-17.9% per year).

In value terms, Spain ($X) constituted the largest supplier of chamois leather and combination chamois leather to Singapore, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 6.5% share of total imports. It was followed by China, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.3% per year) and China (-21.2% per year).

Import Prices by Country

In 2022, the average import price for chamois leather and combination chamois leather amounted to $X per square meter, declining by -21.2% against the previous year. Overall, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 95%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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