Singapore: Curtains Market 2025

Curtains Market Size in Singapore

The Singaporean curtains market expanded remarkably to $X in 2022, increasing by 5.1% 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). In general, consumption showed a relatively flat trend pattern. Curtains consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Curtains Exports

Exports from Singapore

In 2022, the amount of curtains and interior blinds exported from Singapore soared to X square meters, picking up by 32% compared with the previous year. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 133%. As a result, the exports reached the peak of X square meters. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, curtains exports stood at $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 139%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X square meters) was the main destination for curtains exports from Singapore, with a 49% share of total exports. Moreover, curtains exports to Malaysia exceeded the volume sent to the second major destination, Maldives (X square meters), fourfold. Taiwan (Chinese) (X square meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-2.5% per year) and Taiwan (Chinese) (+42.0% per year).

In value terms, the largest markets for curtains exported from Singapore were Malaysia ($X), Maldives ($X) and Taiwan (Chinese) ($X), together accounting for 75% of total exports. Brunei Darussalam, Indonesia, India, Vietnam, the United Arab Emirates, Bangladesh, the Philippines and Iran lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Iran, with a CAGR of +68.7%, recorded 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 curtains export price amounted to $X per square meter, falling by -16.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2020 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 Maldives ($X per square meter), while the average price for exports to Iran ($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 the United Arab Emirates (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Singapore

In 2022, approx. X square meters of curtains and interior blinds were imported into Singapore; increasing by 14% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, curtains imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), Malaysia (X square meters) and South Korea (X square meters) were the main suppliers of curtains imports to Singapore, with a combined 85% share of total imports. Taiwan (Chinese), India, Poland, the United States, the UK, Australia and Indonesia lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest curtains suppliers to Singapore were China ($X), Malaysia ($X) and South Korea ($X), together accounting for 85% of total imports. Taiwan (Chinese), Poland, India, the United States, Australia, the UK and Indonesia lagged somewhat behind, together accounting for a further 8.9%.

Poland, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 curtains import price amounted to $X per square meter, dropping by -6.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.1% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 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 Australia ($X per square meter), while the price for India ($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 Australia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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